DDOG
DDOG going down to channel bottom ? DDOG technically is in a bear trend since Feb
Long term its in bullish channel but currently going through a channel down movement
Entry should be made only when a bullish reversal is confirmed . Currently its a falling knife
Next strongest and channel support is around 98 to 102 area if it bounces back from there then
safe entry would be at 130+
TP@ 155
Stop Loss 95 or 90
Datadog Beat Earnings Estimates President Steps DownDatadog ( NASDAQ:DDOG ), a monitoring and security platform for cloud applications, reported strong first-quarter earnings and revenue that exceeded expectations. The company's guidance was influenced by views, with Amit Agarwal being announced as the company's new president at the end of 2024. Datadog's ( NASDAQ:DDOG ) earnings for the March quarter were 44 cents per share, up 29% from the previous year. Revenue jumped 27% to $611 million, slightly accelerating for a second straight quarter. Analysts expected Datadog to report profit of 34 cents a share on revenue of $590 million. However, Datadog forecasted earnings of 35 cents versus estimates of 34 cents.
For the current quarter ending in June, Datadog ( NASDAQ:DDOG ) said it expects revenue of $622 million at the midpoint of guidance. Wall Street analysts predicted Q2 sales of $617 million. Datadog forecast earnings of 35 cents versus estimates of 34 cents. The company has a partnership with Amazon Web Services, the cloud computing unit of Amazon.com (AMZN).
Datadog's ( NASDAQ:DDOG ) financial results for the first quarter ended March 31, 2024, showed a 27% year-over-year revenue growth and continued product innovation across its platform. The company had about 3,340 customers with an ARR of $100,000 or more as of March 31, 2024. Amit Agarwal will be stepping down as President, remaining in his role until the end of 2024 to ensure continuity and a successful transition. After his departure, Agarwal is expected to join the Datadog Board of Directors.
Datadog ( NASDAQ:DDOG ) has also announced the general availability of IT Event Management, an addition to its suite of AIOps capabilities. With Event Management, Datadog intelligently consolidates, correlates, and enriches event alerts from Datadog and third-party tools into one consistent view so teams can proactively discover, understand, and resolve issues. The company has also published its annual State of DevSecOps 2024 report, which found that a surprising amount of organizations are not embracing automation when it comes to securing cloud deployments.
Datadog ( NASDAQ:DDOG ) has received the Google Cloud Technology Partner of the Year awards for AppDev - CloudOps and Marketplace - Infrastructure for the second consecutive year. The company has also announced the return of DASH, its annual user conference, to New York City.
Datadog's guidance for the second quarter and full year 2024 is as follows: revenue between $620 million and $624 million, non-GAAP operating income between $134 million and $138 million, and non-GAAP net income per share between $0.34 and $0.36.
Technical Outlook
Despite the Earnings Beat, Datadog ( NASDAQ:DDOG ) plummeted 11.88% in early market trading forming a downward gap. The stock's Relative Strength Index (RSI) is 34.25 which is down from 51.
DDOG Datadog Options Ahead of EarningsIf you haven`t sold DDOG before the previous earnings:
Then analyzing the options chain and the chart patterns of DDOG Datadog prior to the earnings report this week,
I would consider purchasing the 125usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $9.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DDOG shows bullish momentum 3 weeks before earnings LONGDDOG on a 120 minute chart is breaking above narrow Bollinger Bands as they begin to
release the squeeze. The relative volailitiy indicator shows red to green and increasing
volatility. The price volume indicators show the bullish trend while the TTM squeeze
just signaled green. I will tkae a long trade here focused on the price action leading to the
earnings report due May 3rd.
DDOG - Weekly Support Stock has H&Sh weekly (even monthly) pattern.
For now DDOG confirmed Support lvl as a flip. (118)
I want to see that base (118-139) being formed.
After that it might give a perfect opportunity.
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 125usd strike price Puts with
an expiration date of 2024-12-20,
for a premium of approximately $16.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Datadog's Earnings Report: Navigating Through the Guidance DipDatadog ( NASDAQ:DDOG ), the New York-based software maker renowned for its monitoring and analytics platform, recently unveiled its fourth-quarter earnings, sending ripples through the investment community. While the company showcased robust performance in both earnings and revenue, its 2024 guidance fell short of expectations, triggering a temporary dip in NASDAQ:DDOG stock. Let's delve deeper into Datadog's financial narrative and decipher the implications of its guidance miss.
Earnings Triumph Amidst Guidance Headwinds:
Datadog's ( NASDAQ:DDOG ) fourth-quarter earnings painted a picture of resilience and growth. With earnings per share surging 70% year-over-year to 44 cents on an adjusted basis and revenue climbing 26% to $589.6 million, the company outpaced analyst projections. This stellar performance underscored Datadog's ( NASDAQ:DDOG ) prowess in catering to the evolving needs of software developers and IT departments.
Guidance Disappointment:
However, the spotlight swiftly shifted to Datadog's ( NASDAQ:DDOG ) 2024 guidance, which failed to meet Wall Street's expectations. While the company forecasted a profit of $1.41 per share at the midpoint, analysts had anticipated $1.77 per share. Similarly, Datadog's ( NASDAQ:DDOG ) revenue outlook of $2.565 billion fell short of the $2.586 billion projected by analysts. This deviation from consensus estimates injected a dose of uncertainty into the market, causing NASDAQ:DDOG stock to initially slide by 9%.
Analyzing the Numbers:
Despite the guidance miss, Datadog's ( NASDAQ:DDOG ) projected revenue for 2024 represents a healthy 23% year-over-year increase. This growth trajectory, albeit slightly below expectations, underscores the company's resilience and potential for sustained expansion. Moreover, Datadog's partnership with Amazon Web Services positions it strategically within the burgeoning cloud computing landscape, providing a solid foundation for future growth.
Investor Sentiment and Road Ahead:
As Datadog ( NASDAQ:DDOG ) gears up for its investor day on February 15th, all eyes will be on the company's strategic roadmap and initiatives to capitalize on emerging opportunities. While the guidance miss may have sparked short-term volatility, long-term investors may view this as an opportune moment to accumulate shares in a company poised for continued innovation and market leadership.
Conclusion:
Datadog's ( NASDAQ:DDOG ) recent earnings report encapsulates the dichotomy of triumph and challenge in the dynamic world of technology stocks. While the company's stellar performance in Q4 underscores its underlying strength, the guidance miss serves as a reminder of the inherent volatility in the market. As investors await further insights from Datadog's ( NASDAQ:DDOG ) upcoming investor day, the company remains poised to navigate through headwinds and chart a course towards sustainable growth and value creation.
DDOG Ready to Make Another RunDDOG looking really attractive here. Came back down to test the support/resistance flip (blue area) and has been tightening in a pennant. Now resting on the 50 and 20 EMAs on the 65min. RSI right at 50 and looking to hold that and maintain strength.
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.
WDAY - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term.
🔹The short-term trading range has experienced a POSITIVE trend as it has broken a short-term resistance level.
🔹In case of a NEGATIVE reaction, the stock has support at approximately 207.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
INTU - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term.
🔹In case of a NEGATIVE reaction, the stock has support at approximately 490.
🔹Short-term trading range has been positively signaled by breaking a resistance level.
🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction.
🔹Technically positive for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
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 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 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
2 Day OTM Calls for earningsSaw a lot of action on $DDOG 2 Day OTM $97 Calls today. BIG Money sweeps. They aint look like hedges. Competitors had good quarters so expect their numbers to be GREAT - Also technicals are SCREAMING pump. Mediocre numbers and Calls print.
$DDOG: Nice uptrend signalLow risk buy here, specially if the stock breaks into higher highs tomorrow...
Best of luck!
Cheers,
Ivan Labrie.
DDOG Long SetupThe CCI positive divergence, increase in volume, and downtrend break up are all bullish indicators for the underlying asset. Additionally, the stock s able to close above a key resistance level, it could signal further upside potential. As an investor, it's important to weigh the potential upside against the risk and consider diversifying your portfolio. As always, it's important to conduct your own research and consult with a financial advisor before making any investment decisions.
