$DDOG - potential head and shoulderNASDAQ:DDOG Another one with potential head and shoulder. It might probably retest $108 area. Just something to keep an eye on.
DDOG trade ideas
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 Possible BuyDatadog, software company, after posting good results from end of November is finally becoming a nice bull run prospect for me.
What will I be looking at:
1. On Daily time frame, I see a huge Cup and Handle formation , 155 days long to be honest, and it's just making it's Handle break. So entry point for me would be tomorrow's price most likely since the market closed and somehow I missed the initial break of Handle and the Resistance level sitting at $118 price level.
2. Once I enter my position, first thing I always consider is where to get out if my analysis is wrong. So, stop loss level will be sitting right below 21EMA (orange one), but this could be tricky since price I am watching is good stop hunting price, good round number of $12. So, I will put my stop loss around $111.57 level .
3. Possible adding to the position will incur around next resistance level, sitting in ranges between $130-132 price level .
I will surely be updating this analysis as the time goes by, but this one could be a nice runner.
DataDog break of resistanceI have marked all the previous attemts at this zone with blue flags. In Aresistance of the area was broken in AUG 2021 resulting in an ATH of 199.9. We have confirmed support on the weekly TF. I do think we will spend some time in consolidation based on the weekly stochastic imo it needs to reset at the bottom before we can make the push to 150. so target time 40 to60 days 150
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.
long $DDOG for the yearDidnt share any Ideas for a longer time here, as the year started I wanna go with some Ideas, one which confirmed yesterday for me and I did just buy is $DDOG.
Quarterly trend is active the whole year and beyond (until end of March25, as you can see in the Chart). I suggest a long with a stop under the weekly breakout about 10% lower as now, so you can choose your positionsize wisely and control your risk by yourself.
Everybody a good, profitable, lucky and healthy year by the way!
$DDOG: 125 Has BiteWere looking at the strength of Datadog and wondering if now might be a good time to accumulate longs in this 125 range while we have a chance...
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
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.
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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.
