• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Stocks

We're Due for Another Look at Bill.com

The shares have doubled since May so let's see how the charts look now.
By BRUCE KAMICH
Oct 04, 2021 | 03:18 PM EDT
Stocks quotes in this article: BILL

When we looked at Bill.com Holdings (BILL) , the automated payables and receivables platform, back on Feb. 10 we wrote that, "Traders looking to go long BILL should be patient and wait for a pullback/correction to unfold. Prices have made a good run to the upside and I would anticipate some degree of profit taking. Let's wait and see how things develop."

The shares corrected into March and made a retest in May giving traders a number of opportunities to get long. Prices have doubled since May so let's see how the charts look now.

In the updated daily bar chart of BILL, below, we can see the shares have been correcting to the downside from early September and giving back some of the gains of the prior four months. BILL is still above the rising 50-day moving average line and above the positively sloped 200-day moving average line.

The On-Balance-Volume (OBV) line has moved higher all year to confirm and support the price gains. No bearish divergences between price and the OBV line. The Moving Average Convergence Divergence (MACD) oscillator is still above the zero line but has been in a decline since mid-September. The good news is that the oscillator is narrowing.

 
In the weekly Japanese candlestick chart of BILL, below, we see some interesting clues. The middle of the large white candle in August should act as support -- the $240 area.
 
The slope of the 40-week moving average line is positive. The weekly MACD oscillator is bullish.
 
 
In this daily Point and Figure chart of BILL, below, we can see a potential downside price target in the $228 area.
 
 
 
 
In this weekly Point and Figure chart of BILL, below, we used a five-box reversal filter. Here the chart is projecting a $412 price target.
 
 
Bottom-line strategy: Traders who are long BILL -- great. Everyone else could use this current price weakness to go long BILL. Risk to $225. On the upside our longer-term price target is $412.
 
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Stocks | Technical Analysis | Financial Services | Fintech | Software & Services

More from Stocks

As the Market Shifts, So Should Your Strategy

James "Rev Shark" DePorre
Jun 3, 2023 11:50 AM EDT

Let's look a how to adjust trading techniques to fit the changes in the market.

Market's Frothy With a Side of FOMO

James "Rev Shark" DePorre
Jun 2, 2023 4:41 PM EDT

The small caps and the Dow finally host the party on Wall Street. But will this broadening action continue?

This Is Still My 'Preferred' Style of Investing

Jim Collins
Jun 2, 2023 2:00 PM EDT

Let's look at some whopping returns for VLYPO and two others to dive into.

Is This 'Museum' Finally Unlocking Its Doors for Value Investors?

Jonathan Heller
Jun 2, 2023 12:50 PM EDT

A fascinating and frustrating company over the years, is showing positive signs in 2023.

Boosted by Quarterly Beat and AI's Breakout, Broadcom's Booming

Stephen Guilfoyle
Jun 2, 2023 11:56 AM EDT

Performance is excellent, free cash flow is robust, guidance is solid and sales are growing. Here's my one nitpick and how to play the stock.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 01:51 PM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Adjusting Your Trading Approach to Shifting Market...
  • 06:54 PM EDT CHRIS VERSACE

    AAP Podcast: A Tongue -- and a Market -- Twister: 'Get a Debt Deal Done'

    Listen in as the Action Alerts PLUS Podcast tackle...
  • 12:07 PM EDT STEPHEN GUILFOYLE

    Selling Some of This Surging AI-Related Stock

    This isn't the only name in the Stocks Under $10 p...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login