AI Trading Bots Show Promising Results as DOCU Stock Signals Bullish Move
One such example is the Swing trader: Downtrend Protection (TA) AI trading robot, which recently demonstrated generating a gain of +3.42% while trading DOCU (DocuSign Inc.) over the course of the previous week. This article delves into the analysis of DOCU's Aroon Indicator and its implications for potential bullish momentum. Additionally, we examine the company's recent earnings report and its impact on the market capitalization.
Analyzing DOCU's Aroon Indicator:
On June 21, 2023, DOCU's Aroon Indicator triggered a bullish signal. Tickeron's A.I.dvisor, an AI-powered trading analysis tool, identified the AroonUp green line rising above 70, while the AroonDown red line remained below 30. This configuration suggests that the stock may be poised for a bullish move. Traders often interpret this pattern as an opportunity to buy the stock or explore call options. The A.I.dvisor analyzed 274 similar instances where the Aroon Indicator exhibited a comparable pattern, revealing that in 238 of those cases, the stock's price surged in the days that followed. Consequently, the odds of a move higher for DOCU stand at an impressive 87%.
Earnings Report and Market Capitalization:
The most recent earnings report for DOCU was released on June 8, revealing earnings per share (EPS) of 72 cents, surpassing the estimated value of 55 cents. This positive earnings surprise indicates the company's strong financial performance and its ability to outperform market expectations. With 977.52K shares outstanding, DOCU's current market capitalization stands at 10.31 billion USD, reflecting the market's valuation of the company's total equity.
As AI trading robots continue to gain prominence in financial markets, the performance of the Swing trader: Downtrend Protection (TA) AI trading bot trading DOCU showcases their potential to deliver favorable returns. The bullish signal triggered by DOCU's Aroon Indicator, combined with historical analysis, indicates a high probability of upward price movement in the near term. Furthermore, the company's recent earnings report, with better-than-expected EPS, adds to the positive sentiment surrounding DOCU.
DOCU's Indicator enters downward trend
The Aroon Indicator for DOCU entered a downward trend on September 05, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 133 similar instances where the Aroon Indicator formed such a pattern. In of the 133 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DOCU as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for DOCU turned negative on September 12, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
DOCU moved below its 50-day moving average on September 08, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DOCU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DOCU broke above its upper Bollinger Band on August 31, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DOCU advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.901) is normal, around the industry mean (19.852). P/E Ratio (0.000) is within average values for comparable stocks, (152.598). Projected Growth (PEG Ratio) (0.959) is also within normal values, averaging (2.633). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (3.191) is also within normal values, averaging (74.491).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. DOCU’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DOCU’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of cloud-based electronic signature solutions
Industry PackagedSoftware
DOCU and
Correlation & Price change
A.I.dvisor indicates that over the last year, DOCU has been loosely correlated with ASAN. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if DOCU jumps, then ASAN could also see price increases.
| Ticker / NAME | Correlation To DOCU | 1D Price Change % | ||
|---|---|---|---|---|
| DOCU | 100% | +1.67% | ||
| ASAN - DOCU | 65% Loosely correlated | +6.96% | ||
| BILL - DOCU | 64% Loosely correlated | +5.10% | ||
| COIN - DOCU | 62% Loosely correlated | +5.09% | ||
| ESTC - DOCU | 61% Loosely correlated | -2.60% | ||
| PCOR - DOCU | 61% Loosely correlated | +1.02% | ||
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