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Docusign "Signing Up" Well

  • Writer: TLivingstonBlog
    TLivingstonBlog
  • Jan 17, 2021
  • 2 min read

Docusign ($DOCU) is a stock that may have leadership potential in 2021. There are a few things that stand out to me. First, in our COVID-19 world, legal documents must continue to be signed even if it has to be done remotely. This is where Docusign comes in as it allows businesses to prepare and finalize agreements digitally. Once COVID-19 is behind us, the efficiency of Docusign means it is likely here to stay.

From a technical standpoint, there are few things that look really good to me. First, DOCU more than tripled from the March 2020 lows until mid-July. Since then, it has been consolidating constructively. This base is showing lots of accumulation with very little distribution. When an innovative stock like DOCU emerges from a large base, there is potential for a substantial move higher.


I took a position in Docusign last week with a stop loss below recent lows. If DOCU heads higher, I am looking to add some more shares as it may be "signing up" well as a market leader in 2021.

To learn more about trading, visit my course page.


Full Disclosure: Docusign is a stock I currently own.


Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.

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Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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