DocuSign Inc (DOCU)

[eastunder]

Enjoy!

[eastunder]

Exactly! Fill those Gaps!

[fung_derf]

I think hope relates to "good wishes". Now "hoped", that's a different story.
I'll respond to your pm when I get back from my golf lesson. Priorities.

[eastunder]

If I am going to post about gaps - I should update that chart to a chart that at least shows them for heavensakes!

[eastunder]

Hope. It's such an interesting word. I hoped I was out of it too.

I'm tracking two gaps. 44.40 and 40.65

[fung_derf]

I keep running across info about this stock everywhere today...

DocuSign, Inc. (DOCU) - Software
DOCU moved lower Monday to break a triple bottom at $54, marking a third consecutive sell signal. This 1 for 5'er moved to a negative trend in March and ranks in the lower third of the software sector RS matrix. Weekly momentum also recently flipped negative, suggesting the potential for further downside from here. Further support may be seen at $48, while initial overhead resistance may be found at $58.

[fung_derf]

I see we discussed this stock a few months back. Hope you aren't still in it.
It did have a little run to resistance in Feb., but I see nothing to like about it now. In fact, I just took it off my watch list a couple hours ago.

[fung_derf]

I'm reading recommendations to buy DOCU in various places. It would definitely be a bottom fish play right now, and I'm no fisherman.
It's currently around $58, and I'm not even considering it until it gets to $80. Better to get less profit more often, than risk the ups and downs yet still undetermined.
I should write that last sentence on a fortune cookie!!

[fung_derf]

Current resistance around $86, but that's dropping. Current price $58.17.
As a risk/return bet, this would be a decent one.

[eastunder]

Docusign (DOCU) reported 3rd Quarter October 2022 earnings of $0.57 per share on revenue of $645.5 million. The consensus earnings estimate was $0.42 per share on revenue of $626.9 million. The Earnings Whisper number was $0.44 per share. Revenue grew 18.3% on a year-over-year basis.

The company said it expects fourth quarter revenue of $637.0 million to $641.0 million. The current consensus revenue estimate is $640.66 million for the quarter ending January 31, 2023.

https://earningswhispers.com/epsdetails/docu

[eastunder]

Thank you! I appreciate your opinion! I always like hearing others thoughts.

I sold some higher priced shares in Sept. because I wanted that loss against some gains for year end. I planned on buying back the shares I sold at either a lower amount, or at the very least - the same price I sold them at after the 31 days ended.

I had not yet rebought those shares when DOCU suddenly gapped up.

Now, I won't touch it while that gap is staring me in the face. I can't. It might never fill - true, but if it does and I knew it was there.... yet ignored it - then that's my bad. That's on me.

So... I am watching and waiting (day 6) for that gap number to fill and if it hits - I'll buy back the shares I sold, and at a discount from what I sold them at.

IF DOCU doesn't drop to fill a common gap - Then I won't add. It's that simple for me.

11/10/22 created gaps in many stocks, as you already know. They are hard to miss. For me those become target numbers and there are many of them.

[eastunder]

That seems indicative of that gap filling then, right?

[fung_derf]

What does this all mean, you might ask.....Very early, but might be a bottom fish play....but I'm not a bottom fisherman.

DOCU (DocuSign, Inc.) broke a Double Top at 44.000 on 11/10/2022. DocuSign, Inc. is part of the DWA Software sector whose Bullish Percent Chart is in Bull Confirmed status at 32 % in a column of X's. DOCU is in a negative trend as it is trading below its bearish resistance line. The Relative Strength against the market is on a sell signal given on 12/03/2021 and the RS chart has been in a column of X's since 11/11/2022. The weekly momentum, an indication of short term strength or weakness, turned positive on 11/11/2022. The simple moving averages show the stock trading below its 200 day moving average and below its 50 day moving average. The relationship between the 50 day and the 200 day moving average shows the 50 day moving average below the 200 day. DOCU is trading -16.29% on the oversold side of the ten week trading band, the middle of this trading band is 53.02. The 30 day trading volume average is 4818203 shares.
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.

[fung_derf]

DocuSign, Inc. 
 (DOCU) 
  
 $49.55 -3.77 (-7.07%) 
  0 
  0 
  0 
  
 Show Me Around 
  
 Earnings Expected 11/30/2022 (3 more) 
  
 Chart 
  
 Chart with 5 data series. 
 View as data table, Chart 
 The chart has 5 Y axes displaying values values values values and values. 
 1 
 This instrument has a 1 out of 5 Technical Attribute. 
 0 
  Tech Attribute 
 5 
 Sell 
 End of interactive chart. 
 Moved up from  
 0 (Strong Sell)  
 on 11/11/22 
 Trend 
 Negative 
 11/10/21 
 Strength vs. Market SPXEWI  
 Sell Signal 
 12/03/21 
 X Column  
 11/11/22 
 Strength vs. Peers DWASOFT  
 Sell Signal 
 12/03/21 
 O Column 
 06/10/22 
  Sector - Software 
 DOCU Rank Within Sector Matrix 
 103 of 141In Sector Matrix 
 Software Rank Within DWA Group Matrix 
 37 of 41In DWA Group Matrix 
 Sector Status 
 AVERAGE 
 Secondary Indicators 
 RRisk 
 2.70 
 Beta 
 1.03 
 Yield 
 - 
 Weekly OBOS 
 -16.29% 
 Momentum 
 5D 
 | 
 2W 
 | 
 1M 
   
   
 Pattern 
 Double Top 11/10/22 
 Chart 
 Stock Details 
 PnF History 
 Analyst Comments 
 Held By 
 Other Ideas 
 Optionable  
 Performance 
  
 YTD PERF 
 -67.47% 
 CHART HIGH 
 $314.76 (08/10/21) 
 CHART LOW 
 $35.06 (11/20/18) 
 BULLISH PRICE OBJECTIVE  
 $83.00 
 BULLISH REWARD RISK  
 3.17 
 MOVING AVERAGES 
 50: 50.70 
 150: 64.39 
 200: 74.86

[eastunder]

DOCU 40.645 tgt to watch

Open Gaps
up Nov-10-2022 40.645 to 42.8151

[eastunder]

I have done that a few times myself. I think we all do.

Now I am really, really good at making sticky notes and covering my office with them, ;)

[fung_derf]

Currently, the first resistance is around $77, and honestly that may be its fair market value. I think there are too many other undervalued stocks worth buying before this one. (not that there's anything wrong with this company).
I also cannot understand why V and PYPL have given so much back.

FWIW, I'm currently buying GNRC.

[fung_derf]

Yes, thank you for bringing up such a painful reminder.
I realized it about 10 minutes after pushing the buy button.
I thought I had bought them in one of my IRA accounts.

[eastunder]

Thank you. I was just curious.

I have often wondered how traders regard that rule.

I sold some of my shares in Sept. The wash rule time frame is over but I haven't replaced those shares yet.

[fung_derf]

I actually bought more shares before I sold the others, but if I recall correctly I did screw myself on the wash rule.....don't normally make that mistake.

[eastunder]

re:

Bought at $274, sold at $149 (ouch)
Bought at $144, sold at $150.

So, out of curiosity -- no attention to the wash rule? That didn't matter? You didn't want to use that loss against gains for taxes?

[fung_derf]

Looks like I originally bought this at $167, sold at $220
Bought at $217, sold at $297
Bought at $274, sold at $149 (ouch)
Bought at $144, sold at $150.

Slightly up overall.
This MAY be a good entry point, but I can't figure out why it tanked so badly yet.

DJ DocuSign Stock Has Had a Terrible Year. A Former Bear Says the Worst Over. -- Barrons.com
Dow Jones News11:27 AM Eastern Daylight Time Oct 12, 2022
Eric J. Savitz
This has been a rough year for DocuSign stock. The e-signature software and services company saw business soar during the pandemic, as office workers stayed home and a shift to digital-documentation soared.

But growth has moderated in recent quarters, there has been considerable turnover in DocuSign's (ticker: DOCU) sales team, and there has been a CEO change. A few weeks ago, the company announced a 9% staff reduction. All of that has weighed heavily on the stock, which is down about 70% for the year.

Wedbush analyst Dan Ives, who turned bearish on DocuSign in May, thinks most of the bad news is out -- and that the stock has probably hit bottom. On Tuesday, he lifted his rating on the stock to Neutral from Underperform, while keeping his $55 target price.

Ives writes that he thinks deal flow has "generally stabilized," and that current consensus estimates for the January 2023 fiscal year and fiscal 2024 look achievable. He thinks that risk/reward on the stock now appear balanced.

"In our opinion, the management team has gotten its arms around the business and is clearly adjusting to the new sales environment, although some growth challenges still remain heading into the rest of fiscal 2023," he writes.

The analyst also thinks DocuSign could become an acquisition target for an strategic or financial buyer if the stock continues to head lower.

Despite the rating change, DocuSign stock is down 1.9%, to $43.69, and this morning hit its lowest level in more than three years.

Write to Eric J. Savitz at [e-mail]

(END) Dow Jones Newswires

October 12, 2022 11:27 ET (15:27 GMT)


Copyright (c) 2022 Dow Jones & Company, Inc.

[fung_derf]

Good call. You were pretty close

[fung_derf]

Is it?
Compared to other tech stocks this is doing awful still. Resistance way up around $92 currently.
I sold all my shares, looks like last time just under $150. Phewwww.

[eastunder]

Today is kinda a nice day?

[fung_derf]

Being that I'm not a bottom fisher, I'm not having as much fun with it as you are.

[eastunder]

I love a little gap. Always fun to keep an eye on.

[fung_derf]

Lets see how much it gives back by the end of the day.

[eastunder]

DOCU Open Gap @ 58.01 9/9/22

[fung_derf]

I wouldn't go jumping back into this with both feet just yet. While I can't comprehend why this company has fallen as far as it has, it is far from a breakout chart right now.
For all you bottom fishers.....c'mon I guess.

[eastunder]

DocuSign Stock Soars On Q2 Earnings Beat, Solid Billings Outlook
"We enter this next phase with a clear set of vital few deliverables for our people initiatives and product roadmap," said interim CEO Maggie Wilderotter.

MARTIN BACCARDAX
2 HOURS AGO
https://www.thestreet.com/markets/docusign-stock-soars-on-q2-earnings-beat-solid-billings-outlook?

DocuSign Inc. (DOCU) shares surged higher Friday after the online signature vending group posted stronger-than-expected second quarter earnings and a solid near-term outlook.

DocuSign which has been struggling to hold investor interest as pandemic-era restrictions bring more and more professionals back to the office, earned 44 cents per share over the three months ending in July, topping Street forecasts on a non-GAAP basis by around 2 cents per share.

The group also notched a 22% gain in revenues, which hit $622.2 million, and said full-year sales would likely rise to between $2.47 and $2.48 billion and billings of between $2.5 and $2.57 billion, thanks in part to an expanded partnership with Microsoft (MSFT) which will see the tech giant using DocuSign's products and services in its contract management workflows.

Cost cuts and pared-back spending plans helped operating margins improve on a sequential basis to 18%, the company said, a figure that is likely to hold up over the back half of its financial year.

[eastunder]

Docusign (DOCU) reported 2nd Quarter July 2022 earnings of $0.44 per share on revenue of $622.2 million. The consensus earnings estimate was $0.42 per share on revenue of $602.7 million. The Earnings Whisper number was $0.39 per share. Revenue grew 21.6% on a year-over-year basis.

The company said it expects third quarter revenue of $624.0 million to $628.0 million and continues to expect fiscal year revenue of $2.470 billion to $2.482 billion. The current consensus revenue estimate is $625.45 million for the quarter ending October 31, 2022 and revenue of $2.47 billion for the year ending January 31, 2023.

https://earningswhispers.com/epsdetails/docu

[fung_derf]

Projected numbers keep falling. Trend keeps breaking. Now, I'd mark this under avoid.
If it were paying a dividend, I'd risk it, but without one, I just don't see any reason.
Might be a re-visit with another breakout of something, or perhaps at the end of next year.

[eastunder]

Thank you !

I appreciate the feedback!

[fung_derf]

P/E and FP/E.
The growth rate is there, but I think the stock had become overinflated during Covid.
It may be at its fair market value now.

[eastunder]

I did like it a lot better when it was in the 60's.

They haven't announced yet. I show an anticipated 9-8 date, but no confirmation on that from the Company. That report might prove your thought pattern even more. ;) but I hope not -- because I am slowly building into a pre thought out position for longterm.

Do you mind me asking what are you looking at to gauge that?

"still looks overpriced to me."

PE? Book Value?

I use marketsmith (IBD) for all my fundamentals because it's all on one page and I'm super Lazy and a bit old school What I see there seems pretty good, but one's view is only as good as the source they use.

[fung_derf]

It may move up, but still looks overpriced to me.

[eastunder]

DOCU 74.98 8/10/22

[fung_derf]

Piper Sandler analyst Rob Owens cut his rating on DocuSign Inc.'s stock (DOCU) to underweight from neutral overnight, citing the potential for elevated risk given a leadership transition, employee turnover, and economic uncertainty. "All of these factors contribute to a challenging backdrop for potential revenue reacceleration in the near-term, in our view," Owens wrote. "While we acknowledge an approximately 80% drop in shares from peak levels, we remain cautious and believe the primary upside driver would come only from a potential takeout." He discussed what he sees as a discrepancy between DocuSign's cautious commentary on the macro landscape and Adobe Systems Inc.'s (ADBE) more upbeat tone in discussing its own e-singature business. "[W]orsening macro data including home / auto lending, job openings, layoffs and contracting budgets across a wide range of industries does tell us that fewer deals are getting done," Owens wrote. "Overall, commentary from ADBE combined with a rapidly deteriorating macro indicate to us that DOCU is likely facing both execution and market challenges, which add to the overall risk profile in our view." DocuSign shares have lost 22.6% over the past three months as the S&P 500 has fallen 9.3%.

-Emily Bary

[fung_derf]

I see, (and I had gotten out long ago), but I don't get it. Projected earnings are through the roof. What killed this?

[Porterhouse10]

See!

[fung_derf]

It has now broken through it's long term support. I see no reason to hold this stock at all at the moment.....that's probably apparent though.

[Porterhouse10]

There's $58

[Porterhouse10]

Mmmm hmmm

[Porterhouse10]

No bounce, look for further downtrend JMO

[eastunder]

Indeed!

Gonna tag that that line.

[eastunder]

DocuSign Stock Crumbles After Q1 Profit Miss, Lower 2022 Billings Outlook
"We are not immune to the macro challenges with our customers and peer space," said CFO Cynthia Gaylor.
MARTIN BACCARDAX

https://www.thestreet.com/markets/docusign-stock-crumbles-on-q1-profit-miss-lower-billings-outlook?puc=yahoo&cm_ven=YAHOO

DocuSign (DOCU) - Get DocuSign Inc. Report shares crumbled Friday after the after the online signature vending group posted weaker-than-expected first quarter earnings and forecast muted revenue growth for the remainder of the year.

DocuSign, which has been struggling to hold investor interest as pandemic-era restrictions bring more and more professionals back to the office, earned 38 cents per share over the three months ending in April, missing Street forecasts by around 8 cents on a non-GAAP basis.

First quarter revenues were solid at $588.7 million, but the group held to its full-year estimate of sales in the region of $2.47 billion to $2.48 billion. The group also lowered its billings forecast to between $2.52 billion and $2.54 billion from its previous estimate of $2.71 billion to $2.73 billion.

"We are confident in our long-term opportunity and in our ability to add new customers and power their digital transformation," CFO Cynthia Gaylor told investors on a conference call late Thursday. "However, we are not immune to the macro challenges with our customers and peer space."

"While we have made considerable progress bringing in leaders with significant experience at scale, it's important to recognize that meaningful traction and better visibility will take multiple quarters," she added.

DocuSign shares were marked 26% lower in premarket trading to indicate an opening bell price of $64.60 each, a move that would extend the stock's year-to-date decline to around 57.5%.

Earlier this week, the group also unveiled an expanded partnership with Microsoft (MSFT) - Get Microsoft Corporation Report which will see the tech giant using DocuSign's products and services in its contract management workflows.

"DocuSign continues to struggle with its post-pandemic hangover and saw very elevated turnover in its sales force in F1Q, setting back its demand generation efforts, but despite these challenges, we continue to like DocuSign for long-term capital appreciation," JMP Securities analyst Patrick Walravens, who carries a 'market outperform' rating on the stock, but lowered his price target by $29, to $151 per share, following last night's earnings.

"DocuSign remains the clear leader in e-signature and is well positioned for a broader system of agreement, which together are a $50 billion market opportunity," he added. "The company also has strong leadership in CEO Dan Springer and COO Scott Olrich, who have worked through these kinds of issues before."

[Porterhouse10]

Gettin close!

[eastunder]

Yikes! That’s gonna be a big gap down tomorrow.

[eastunder]

DOCU 86.62