DATADOG INC - CLASS A (DDOG) Stock Technical Analysis
NASDAQ:DDOG - Nasdaq - US23804L1035 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to DDOG. In the past year, DDOG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, DDOG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 117.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 114.46, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
87.71
2 important support areas can be observed.
- A support zone ranging from 113.49 to 114.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @88.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 117.89 to 119.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for DDOG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DDOG is up. |
| ChartMill Relative Strength | 65.53 | NEUTRAL | DDOG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DDOG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DDOG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DDOG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.91 | NEUTRAL | The RSI value for DDOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests DDOG has a negative trend. |
| Stochastics (14,3) | 79.94 | NEUTRAL | The Stochastics value for DDOG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for DDOG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.44 | NEUTRAL | The ADX value for DDOG suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 119.10 | 113.48 | 5.62 (4.72%) | 21.19% |
| An entry @119.10. This is a Buy Stop order right above the resistance zone. | An exit @113.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.62 points, which is 4.72%. | When investing 21.19% 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.
117.88
+0.88 (+0.75%)