DocuSign stock: buy or sell

DOCU stock price: $270.02 -1.61% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

1

DocuSign stock brief

  • DocuSign stock fell -1.61% to close at $270.02 on the stock market on Monday, breaking a streak of 3 sessions in positive.
  • Wedbush published a bullish rating for DocuSign last Friday, with a target of $290.00
  • DocuSign, Inc. provides cloud based software in the United States and internationally.

Should I buy DocuSign stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $DOCU stock a buy?

In the current situation of DocuSign there is not any eligible buy setup. This doesn't mean we expect a selloff for $DOCU in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell DocuSign stock?

How to know when is it time to sell DocuSign stock?. In the same way as when we have to buy shares, determining when is appropiate to sell is not a haphazard decision, and we must use our own trading style. Our trading system selects very simple setups to guide us on when is the best moment to sell a stock. Be aware that these setups should not be used for selling short DocuSign stock

As a golden rule, you should not mantain an investment that generates losses greater than those expected by the time of purchase. The moment to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell DocuSign stock?

In the current situation of DocuSign there is not any eligible sell setup, so DocuSign stock holders with operations in green can keep their positions

DocuSign ratings

In the last 30 days, 7 ratings were published for DocuSign. General sentiment is bullish, with 6 out of 7 posting positive forecasts

DocuSign analysts' ratings - Last 30 days
Brokerage firmRating
Jun 4th, 2021
Citigroup Strong buy
Morgan Stanley Buy
Oppenheimer Buy
Wedbush Buy
Wells Fargo & Company
Jun 11th, 2021
Royal Bank of Canada Buy
Jun 18th, 2021
Wedbush Buy

DocuSign stock analysis

SMAs overview

DOCU stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $275.46 (2.01% above)
  • R2: $290.23 (7.48% above)
  • The current supports are:

  • S1: $263.00 (-2.60% below)
  • S2: $256.00 (-5.19% below)
  • S3: $246.80 (-8.60% below)
  • Bollinger bands

    DOCU stock Bollinger Bands chart

    Relative strength index

    Broke through the 70 level Monday, with a reading of 73.6. The fact that the value is in the overvalued zone does not imply a sell signal, as stocks can rally during several weeks being in the overbought zone

    DOCU stock RSI chart

    DocuSign stock price history

    DocuSign IPO was on Apr 27th, 2018 priced at $38.00 per share1. Since then, DOCU stock surged by 610.58%, with an average of 203.53% per year. An investment of $1,000USD at that time would worth $7,105.79 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    DOCU stock price history chart

    Price target for DocuSign stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    The following table shows the price target released by analysts over the last 30 days. If you are a small trader you should not buy or sell based on these predictions.

    Averaging all price targets exposed below, the predicted price for DocuSign stock is $268.00. That is a 0.75% than the last price ($270.02).

    DocuSign stock price predictions
    Brokerage firmPrice target
    Jun 4th, 2021
    Citigroup $282.00$288.00
    Morgan Stanley $290.00$295.00
    Oppenheimer $300.00$260.00
    Wedbush $300.00$260.00
    Wells Fargo & Company $210.00$215.00
    Jun 11th, 2021
    Royal Bank of Canada Not available
    Jun 18th, 2021
    Wedbush $260.00$290.00

    Earnings and financials

    On June 3, DocuSign, Inc. ($DOCU) posted EPS for that significantly improved analysts' expectations. Quarterly EPS was $0.44 per share vs the estimates of $0.28. This quarterly report represents an earnings surprise of 57.14%. Turnover resulted of $469.1 million versus $437.8 million estimated by analysts.

    This compares to Earnings of $0.12 per share same quarter last year, so current EPS means a gain of 266.67%. Revenue skyrocketed a 57.93% on an annualized basis in the , from $3.0B to $4.7B last quarter.

    DocuSign ($DOCU) will host the Q2 earnings call next September. Analysts expect of $0.40, that is a 9.09% less than previous quarter.

    DocuSign performance

    DOCU performance compared
    Company1m3m6m
    DocuSign ($DOCU) 35.70% 29.70% 8.70%

    Disclaimer:
    The opinions given in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the individual conditions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for informational reasons only

    DocuSign summary

    Monday, June 21st, 2021
    Open$268.81
    Close$270.02
    Day range$265.5 - $273.89
    Previous close$274.43
    Session gain-1.61%
    Average true range$15.92
    50d mov avg$216.57
    100d mov avg$220.84
    200d mov avg$222.80
    Earnings dateSeptember 1st, 2021

    Frequently asked questions

    What is DocuSign stock symbol?

    DocuSign, Inc. is a public company trading in the US stock market with the DOCU symbol

    Is DocuSign stock a buy or sell?

    DocuSign received 7 ratings in the last 30 days: 6 bullish, 0 bearish and 0 neutral.

    Will DOCU go up?

    DocuSign had different price forecasts published by analysts in the last month setting the target price to $268.00. That is a 0.75% than the last price ($270.02).