DocuSign - Chart Of The Day

Summary

  • 100% technical buy signals.
  • 16 new highs and up 25.24% in the last month.
  • 69.38% gain in the last year.

The Barchart Chart of the Day belongs to the e-signature solutions company DocuSign (DOCU). I found the stock by using Barchart's powerful screening tools to find stocks with the highest Weighted Alpha and technical buy signals then sorted that list by the most frequent number of new highs in the last month. I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 1/30 the stock gained 14.74%.

DocuSign Inc. provides e-signature solutions. The Company offers services to mortgage, non-profit, government, real estate, insurance, technology, and healthcare industries. Its product portfolio includes trial, single-user, multi-user, business pro, enterprise pro, standards-based signatures, ehanko, DocuSign transaction rooms for real estate, DocuSign payments and enotary. DocuSign Inc. is based in San Francisco, United States.

(Click on image to enlarge)

DOCU DocuSign

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can, therefore, change during the day as the market fluctuates. The indicator numbers shown below, therefore, may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 86.80+ Weighted Alpha
  • 69.38% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 25.24% in the last month
  • Relative Strength Index 83.50%
  • Technical support level at 88.41
  • Recently traded at 90.75 with a 50 day moving average of 76.60

Fundamental factors:

  • Market Cap $16.05 billion
  • Revenue expected to grow 37.70% this year and another 25.90% next year
  • Earnings estimated to increase 166.70% this year, an additional 75.00% next year and continue to compound at an annual rate of 58.71% for the next 5 years
  • 13 Wall Street analysts issued 9 strong buy, 1 buy and 3 hold recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 253 to 3 that the stock will beat the market
  • 17,525 investors are monitoring the stock on Seeking Alpha

Disclosure: None.

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