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.
3QD trade ideas
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.
$DDOG double top NASDAQ:DDOG nice bottoming pattern into a double top,. support at the 200 day moving average
Long Trade in DDOGDatadog is trying to put end to what has been a vicious Stage 4 downtrend.
The stock fell 68% in last year’s bear market but is now rising quickly off the lows.
DDOG has reclaimed its 200-day moving average (white line on chart) for the first time in over a year after reporting better-than-expected earnings numbers last week.
The stock has stalled just under $90 per share where it has seen resistance previously. I would like to see the stock consolidate for a few days in this area (yellow triangle) to digest any sellers and then break out to new highs.
A move through $90 on above average volume would be buyable for me.
DDOG - Rising Trend Channel [MID TERM]- DDOG as broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- DDOG has broken a resistance level and given a positive signal for the long-term trading range.
- DDOG has marginally broken up through resistance at 87.00.
- Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the stock in the short term.
- The short term momentum of the stock is strongly positive, with RSI above 70.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
DATADOG updateDATADOG is ready to start wave E , maybe this time earning have something to accelerate this way
$DDOG Buy IdeaIt could see some more pullback, but still a great place to take position here. Looking for 20% upside for 2- 3 months hold period. The market is very skittish and next week's tech earnings report could reveal if traders are prepared to bid up.
DDOG DDOG is exhibiting a steady decline of -50% price cut every 180d (6m) since early 2022, the beginning of bear market.
If the trend character resumes and fundamentals remain challenged, we shall see DDOG hit pre-covid high before the 3rd 180d window ends.
Another way this can goDDOG can do the PTON move. ZM, FVRR, SPLK, BIG, PTON have all been stocks doing this pattern. Its like a H and S with a solid long term support line. Makes a shoulder, head, then small shoulder and breaks down.
DDOG $150 or $120 entryDDOG doesn't look good in the short term, It needs to corrrect. I would be happy with a visit to $120 to confirm the resistance.
DATADOG Stock Chart Fibonacci Analysis 0304231) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 73/61.80%
$DDOG still in stage 1 $DDOG still in stage 1 and not showing much strength in this market. A favorite target long term and not afraid to DCA at these levels.
DATADOG Stock Chart Fibonacci Analysis 021723Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 85/61.80%
