Who let the dog out? DatadogDatadog has formed a H&S and has broken out of the neckline.
Looking for a run up to 153
D1DG34 trade ideas
Datadog leaving the station againDatadog riding the 20 day moving average just reclaimed. Strong momentum on the 30 min chart price is above a 5 day MA and closed last session above AVWAP from previous high. Has broken out above AVWAP from ATH but doesn’t appear like it will be retested any time soon. $150 next target for me.
DataDog quick look Datadog is a stock I've been monitoring for quite some time.
DDOG broke the resistance from it's last high at just over $100. Before that in August 2023 there was a big gap down, the gap started at $105 and it's on it's way to closing it.
I think a break of that gap, above $105, is a good entry point if you're looking to hold this stock for the long term. I think it's one of those companies where $1,000 investment will be worth $30k in 10 years. Who knows??
Maybe $117 - $121 will see some resistance, however, the hype associated with AI is attracting investors because this company would stand to benefit from those future revenues.
DDOG has had nice bull runs in the past > 100%. Maybe we're at the beginning of the next big leg up.
DDOG, potential to hit ResistanceThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
DDOG Datadog Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DDOG Datadog prior to the earnings report this week,
I would consider purchasing the 80usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $3.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
DDOG closing gap, or headed lower?DDOG looks like it’s hitting resistance at the VWAP from that evening star prior to the gap down. A candle closing above is a good sign for closing the gap. Rejection would open possibility to test the measured range or the 200sma
DDOG: Covered Callstock $93.63
Sept 1st strike 94 call $3.4
93.63 - 3.4 = 90.23
+3.77%
2 Contracts (200 shares)
If shares taken, sell at 94.0 and credit $754.00
Analysis:
- above 200 day ema
- gap will be filled. FVG overhead.
- However, environment is bearish.
Log Plot...So I'm of the belief that we have completed a large wave 1-2 and the bottom is in - If all this is true this is probably the best time to start buying this as it should start trending higher for quite some time, targets are always tricky here but they are derived off key fib extensions under the assumption that our first impulse leg of wave 3 has completed.
my levels to manage my long-term DDOG positionCopy & Paste from IBD:
Datadog earnings for the second quarter were 36 cents per share on an adjusted basis, up 50% from a year earlier. The enterprise software maker's revenue jumped 25% to $509 million.
Meanwhile, analysts expected Datadog to report profit of 28 cents a share on revenue of $501.6 million. A year earlier, Datadog earned 24 cents on revenue of $406.1 million.
For the current quarter ending in September, Datadog forecasts profit in a range of 33 cents to 35 cents vs. estimates of 29 cents. Datadog said it expects revenue of $523 million at the midpoint of guidance. That missed Wall Street targets of $536.2 million.
Started in 2010, Datadog operates a monitoring and analytics platform for software developers and information-technology departments. Datadog has a partnership with Amazon Web Services, the cloud computing unit of Amazon.com (AMZN).
Some analysts expect Datadog to get a lift as more companies deploy generative artificial intelligence software. Datadog is among AI stocks to watch.
"At the (July) user conference last week, the company announced over 15 new products, many of which are designed for monitoring AI workloads," Wells Fargo analyst Andrew Nowinski said in a recent note to clients.
Heading into the Datadog earnings report, the software stock had gained 43% in 2023.
Possible goal 140If we do not fall below 74, the nearest target is 111, if we go higher after the rollback, we will reach 140 using the Wyckoff method.
#DDOG trade plan up to 15-Sep-23.Notional value - 3.5M$
ur team studies the options market and how it affects stock prices.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
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Datadog - Bullish ZoneIt's a nice rally that Datadog share price can touch easily $126, it can take correction from $115 to $109, but the short term correction would be fuel for go towards $126.
Datadog (DDOG): Double bottom breakout favors 116-121This is a copy&paste from a Bank of America Global Research Note:
"DDOG is an infrastructure software stock with a breakout from a 2023 double bottom on the move above the 88-90 area that favors further upside to 116-121 (chart resistance and double bottom target). A bullish flag pattern correction toward the 90-88 area bodes well for a retest of the double bottom breakout. However, if this stock fails to hold 90-88, the improving weekly MAs offer additional support from the 84.30 to the 78.40s. A double bottom for DDOG relative to the S&P 500 (SPX) confirms this bullish setup.
DDOG of the DAQ?NASDAQ:DDOG is struggling to make new highs. It needs to hold this support. The doji that formed at the end of the day does not bode well for a breakout. Does this mean their dream to chase down NASDAQ:SPLK market share may have to wait?
Bullish Case - This is a tough level but not impossible. If they can add more value to shareholders, it can attract more investor support. Earnings are due sometime in August or sooner, so this can provide what we need to break out. 91.80 is not a bearish level to watch but a discount for bulls to buy in.
Bearish Case - Bulls are trying and failing all at once. How can there be a golden cross and yet no new high? That means we will retest the 50 and possibly the 200, which BOTH are below the bearish level that will become resistance when we break it. This gravestone doji will play true and destroy supports along the way as we blow past the 91.80 price.
Conclusion - Consolidation after having a very bullish signal is a sign of accumulation, but the bears hold serve by dishing out a gravestone at the end of the day. This is why 91.80 is both a support and the potential curse if price breaks below. Can the bulls keep the accumulation going for 3 more weeks?
Bullish above - 102.88
Bearish below - 91.80
Datadog DDOGHi Folks,
DDOG start to draw an orderly consolidation. the consolidation is not yet mature, but worth to keep under surveillance.
• A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks.
• Orderly consolidation with higher lows & tightening range
• RDM, VCP
• Stocks surfs the rising EMA 10 or the EMA 20
• Volumes are significative compared to previous phase - NO
• Volumes dry up at the end of the consolidation
• Volumes are strong during the breakout - NO
• ADR is high, 3.8 - OK
• Revenues are really strong, but earnings needs to improve.
Go DDOG Wouf Wouf !!!
Long Trade in DDOGDatadog is a big AI name that has come back to life in a big way.
After falling 68% in last year’s bear market, the stock has surged 58% in just the last two months.
The shallow base formed over the last few weeks took place on lower-than-average volume – a hint that institutions are not selling and the stock is becoming harder to buy.
DDOG is now trying to push through the $100 century mark which has acted as resistance for the last five weeks.
Traders could buy here with a stop just beneath the 90.88 swing low to risk 10% on the trade.
$DDOG Setting UpNASDAQ:DDOG clean supply line around $100 level caught my eyes during chart flipping this afternoon.
Declining 200 MA line makes this less than ideal setup.
DDOG Entry, Volume, Target, Stop, ResistanceEntry: when price clears 103.80
Volume: with daily volume greater than 7.9M
Target: 132 area
Stop: Depending on your risk tolerance; 94.42 gets you 3/1 Risk/Reward.
Resistance: 121 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
DDOG weekly chart illustrates a short-term price target of $108Datadog is a big-data company helping businesses unlock the full power of their datasets. The firm's real-time data-monitoring platform helps make it convenient for corporations to generate insightful analyses across the entire stack. The company also looks to be building a nice ecosystem across other market verticals: the firm launched Audit Trail, its compliance and governance offering that could be a hot seller among existing customers.
Datadog is a magnificent player in the niche market of FSMA (full-stack monitoring and analysis). Though the firm is relatively small ($31.8 billion market cap), with deep-pocketed rivals, it's hardly an underdog.
Investors are hungry for growth; therefore, they will bid it up.
a parabolic rally with 2 gaps below its butt: reach $93 in MayThe intrinsic value of one DDOG stock under the Base Case scenario is 42.83 USD.
Out of 19 analysts, 9 (47.37%) are recommending DDOG as a Strong Buy, 8 (42.11%) are recommending DDOG as a Buy, 2 (10.53%) are recommending DDOG as a Hold, 0 (0%) are recommending DDOG as a Sell, and 0 (0%) are recommending DDOG as a Strong Sell.
