DOCU trade ideas
DOCUBreaking out ahead of earnings. Options too expensive for me to try an earnings play but will be looking for a setup after.
DOCU, there she goesDOCU has started its move. If you are in watch that stop, some of these moves arent holding or squatting.
$DOCU DocuSign Inc Risky Long Into Earnings 🤞🤞
Battleground stock coming into earnings,
Indicators mixed .
Volume poor on green days,
September downtrend is major resistance.
7MA at $220 holding pre market as resistance
A potential long entry today above $222,
Point of Control as stop loss.
Bullish Upside target $246.00 - $250 short term
This stock has had some very volatile post earnings sessions
so trade with care.
DOCU - Potential breakout or breakdown on ERRSI, EMAs, CMF, MACD all looking for a potential breakout.
Moving into decending Triangle before tonights ER.
Pretty good swing with a lose stoploss in case ER make a breakdown.
DOCU earnings 12/3 at 4:05pmDocuSign provides e-signature solutions. I think this is a great product, but seeing what happened with Zoom downward price action, after hours yesterday earnings, it seems like the sentiment for these "stay at home" stocks is weakening. As today & tomorrow price action pans out, if the price goes up, it may not be indicative of the price action after DOCU earnings on Wednesday at 4:05pm and more of just sheer volume leading up to earnings. Q3 Consensus eps is $0.14 with a revenue of $360.38 Million. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
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Can DocuSign continue growth in a post-pandemic economy?DOCU dropped 36% from all-time highs after it's last earnings release and has been trading between a 190 support level and 246 resistance level with most of the volume splitting the two at around 216. Earnings has consistently beat expectations and is in the triple-digit growth YoY. Sales growth has been above 34% for the last eight quarters and 45% for the most recent report. The question investors had after the last earnings is can DocuSign continue to grow or will the trend end with the pandemic.
The stock is grouped with other tech growth stocks like Zoom Video and Fastly which have been tagged as benefiting from the pandemic economy. When a viable vaccine was announced in the morning of 11/9, many of those stocks sold off in a massive rotation to Industrials, Travel and Energy stocks. However, the products and the business models for many of the "COVID stocks" are quite different. Will Zoom Video see its subscriber base go away after people can return to offices? Will social media and online content viewership decline, impacting Fastly's growth (more TikTok surprises)? And will a company like DocuSign continue to see growth after the pandemic is no longer an issue?
The digitization of contracts and esignatures are secular trends that were underway long before the pandemic hit. The pandemic has accelerated the adoption, but its unlikely that companies will go back to paper based methods after making a conversion to digital. So my view is that DocuSign would continue to see high customer retention that's been a strength of their business even before the pandemic.
The other strength that DocuSign has is upselling their full product suite to existing customers. You can imagine that many of the customer adds during the pandemic were to solve an immediate problem. Customers came for electronic signatures so they could continue to do business while lockdowns were in place. Now as DocuSign retains those customers, it also has the opportunity to put their upsell muscle to work.
It's always a gamble heading into earnings which is nine days away, but I'd consider a small position or an option if this could clear the current pivot high at 226.39 in the next 1.5 days of trading.
Current 10d ATR (x2.7) stop is at 9.79%.
Position size of R10.22 but would start with a smaller R due to earnings. And/or sell before earnings.
Buy Point: 226.39
Stop Loss: 204.23 (9.79%)
Position Size: R10.22
DOCU Looking like its ready to blow.DOCU, this monster has been moving sideways for what seems forever. Ready to blow now? Not sure, but its gotta go sooner or later. R/R is there.
DOCU - November 19, 2020DOCU has been super volatile in the past 3 months. It has had failed breakouts and retest of the lows. I think if DOCU dips to the 195-200 level it is a great buy. Earnings are coming up on December 4th, and DOCU had an absolute parabolic run up into last quarters earnings. Potential for this to repeat itself leading into Q4 but looking for a good RR setup on the play.
200 MA at interesting spot nowI had a line drawn from the pre-covid high of DOCU which was reached on Feb 19. I have kept it as a small grey line because I didn't see DOCU testing it in the near future.
Interestingly, the line now sits exactly at the 200 MA. DOCU has previously tested the 200 MA during the March crash. There is room to drop to the 160-170 range.
I do feel the stock has some gas left at least until end of the year. But it could test that grey line closer to Jan/Feb I think.
Watching closely.
just like zmi think the closer we get to a covid cure those this drops! be very careful here. under 185 its a downtrend straight to 100-130 imho. stay safe:) leave a like if you found this helpful <3 thank you!
$DOCU is heading to $265-$300NASDAQ:DOCU
As long as there’s any lockdowns happening and as more people realize DocuSign is way quicker for signing docs, it’s not a “stay at home” trade, it’s the new normal.
Fib channel gives path to 255Taking a different approach with this one and seeing how accurate the fib channel will prove to be. Whether a fib channel or not, price has been traveling in this channel with some exceptions bottoming out or breaking out. Overlaying volume profile indicates its about to find a base over 228-230 and may make its next move from there.
DocuSignOuch! Missed a huge opportunity on November 10th at the 187 price level. It is hitting the RSI 70 area around 205 / 208. Could break through. Would hold for now. Would sell if RSI > 75 level. Not a good entry point. Too late.
Docusign Must Buy for Long Term: USA Docusign Must Buy for Long Term: USA
A Profit & Solutions Strategy
DOCU_testingbottoms DOCU is neutral with possible entry in a couple days while it tests some bottoms during a channel for 5 months....possibly a good entry before earnings
DOCU LongDemand Zone below sideway.
Next 170 demand is a better entry point.
Entry 193
Stop 183
Target 236; RRR = 4:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
DOCU$DOCU is consolidating, if the price stays above $237 then it will test $250. There will be selling at this point. On the other hand, if the price goes below $237, it has a potential to go down to $205 support then go back up to $225 (inside the triangle).
