DocuSign Inc (DOCU)
DocuSign, Inc. provides cloud-based software in the United States and internationally. The company is headquartered in San Francisco, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 52.41% per annum.
- DOCU price at the close of June 3, 2025 was $91.61 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.40% per annum.
- DOCU price at the close of June 3, 2025 was higher than the top border of the secondary price channel by $0.52 (0.57%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of DOCU price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 9, 2023
End date: June 3, 2025
a = 2.4043
b = 0.0012
s = 0.1231
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 52.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1231) – 1
= 63.59%
August 9, 2023 calculations
Top border of price channel:
Exp(Y800)
= Exp(a + b × X800 + 2 × s)
= Exp(a + b × 1,161 + 2 × s)
= Exp(2.4043 + 0.0012 × 1,161 + 2 × 0.1231)
= Exp(3.9908)
= $54.10
Bottom border of price channel:
Exp(Y800)
= Exp(a + b × X800 – 2 × s)
= Exp(a + b × 1,161 – 2 × s)
= Exp(2.4043 + 0.0012 × 1,161 – 2 × 0.1231)
= Exp(3.4986)
= $33.07
June 3, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(2.4043 + 0.0012 × 1,825 + 2 × 0.1231)
= Exp(4.7573)
= $116.44
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.4043 + 0.0012 × 1,825 – 2 × 0.1231)
= Exp(4.2651)
= $71.17
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 52.41% per annum.
- DOCU price at the close of June 3, 2025 was $91.61 and was inside the primary price channel.
Secondary Trend
Start date: December 6, 2024
End date: June 3, 2025
a = 6.0497
b = -0.0009
s = 0.0663
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0663) – 1
= 30.39%
December 6, 2024 calculations
Top border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 + 2 × s)
= Exp(a + b × 1,646 + 2 × s)
= Exp(6.0497 + -0.0009 × 1,646 + 2 × 0.0663)
= Exp(4.6757)
= $107.31
Bottom border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 – 2 × s)
= Exp(a + b × 1,646 – 2 × s)
= Exp(6.0497 + -0.0009 × 1,646 – 2 × 0.0663)
= Exp(4.4104)
= $82.30
June 3, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.0497 + -0.0009 × 1,825 + 2 × 0.0663)
= Exp(4.5119)
= $91.09
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.0497 + -0.0009 × 1,825 – 2 × 0.0663)
= Exp(4.2465)
= $69.86
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.40% per annum.
- DOCU price at the close of June 3, 2025 was higher than the top border of the secondary price channel by $0.52 (0.57%). This indicates a possible reversal in the secondary trend direction.