By Mill Chart
Last update: Jan 24, 2024
In this article, we'll take a closer look at DOCUSIGN INC (NASDAQ:DOCU) as a potential candidate for growth investing. While it's important for investors to conduct their own research, DOCUSIGN INC has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.
Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:DOCU boasts a 8 out of 10:
ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NASDAQ:DOCU, the assigned 5 for health provides valuable insights:
ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:DOCU, the assigned 5 is noteworthy for profitability:
ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:DOCU scores a 7 out of 10:
Besides having an excellent technical rating, DOCU also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 63.11. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for DOCU in the last couple of days, which is a good sign.
Our Strong Growth screener lists more Strong Growth stocks and is updated daily.
For an up to date full fundamental analysis you can check the fundamental report of DOCU
Our latest full technical report of DOCU contains the most current technical analsysis.
This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
75.64
+1.72 (+2.33%)
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