Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
Nasdaq / Information Technology / Software
Taking everything into account, DDOG scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DDOG is showing a nice and steady performance.
Besides having an excellent technical rating, DDOG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 132.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 125.22, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
93.27
We found 2 important support areas.
- A support zone ranging from 120.42 to 125.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 132.98 to 136.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 131.59 | 120.41 | 11.18 (8.50%) | 11.77% |
| An entry @131.59. This is a Buy Stop order right above the 10 day high. | An exit @120.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.18 points, which is 8.50%. | When investing 11.77% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.