DT trade ideas
DT- ATH BreakoutLooking for a nice breakout going into earnings or after.
The area of caution is that EPS and Rev if positive but guidance is conservative (history in providing lackluster guidance) may cause this to drop. If it does drop look for a nice bounce around 42.33 ish.
Currently own shares and just closed a put option as my hedge when we were testing ATH. CLosed yesterday and will look for price movement to see where we are closer to earnings.
Plotting a Trade on $DTDynatrace is a cup and handle trade setup example that I have alerted to here twice. It is a trade that I took that ended up with 10%+ profit on half the position and break even on the 2nd half.
I've plotted the trade annotation on the chart. I am sharing this as an example to illustrate how a rule based approach to swing trading looks like.
One of the most common questions I receive when sharing setups is "What is your price target?" and the answer to that is, I don't have one. My profit taking rules are based on multiples of my Risk. I take half off at 2 to 3x my risk (sometimes earlier), and then manage the 2nd half day by day and let it run as long as it is making progress.
Keep it simple. Plan your trade before putting it on and once its on follow your plan. Keep guessing and emotions OUT, if you don't, you will NOT succeed.
$DT - megaphoneI like the megaphone, may need to touch the bottom of the megaphone again. It finally broke through resistance and held it, would love to see us to remain above that resistance to prove it is support.
DT: Ascending Tringle, Awaiting confirmationAscending Triangle, awaiting confirmation
Pros:
Descending volume during formation
Volume increase at break out.
PPS above 50MA and 200MA
RS above 0, and ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Cons:
ATR flat.
If confirmed:
PT = 55.50$
$DT | Dynatrace Bull Flag Breakout [Update 2]$DT broke out of a bullish channel and formed a bull flag. Now price has broken out and retest the flag. Watch for continuation to the upside.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
See my previous analysis here:
Dynatrace $DT cup and handle?AI and IT company with strong sales growth, high gross margins and improving profit margins. strong uptrend and six month base. A breakout in price and large volume indicates a buying opportunity for trend higher.
DT over 45.07Shown here on the weekly, a long base of consolidation which should launch it once a breakout is confirmed.
$DT Working on its HandleI shared the setup last week and Dynatrace is now working on completing that handle of a cup and handle pattern. Might complete the setup this week and trigger a breakout entry swing trade.
Dynatrace Inc (DT)- DEVELOPS SOFTWARE INTELLIGENCE PLATFORM TO ALLOW CUSTOMERS TO MODERNIZE AND AUTOMATE IT OPERATIONS
$DT | Dynatrace Bull Flag Breakout [Update]$DT broke out of a bullish channel and formed a bull flag. Watch for a breakout for longs
Update to previous idea:
$DT | Dynatrace Bull Flag Breakout: Watch For ContinuationWatch for continuation to the upside following the large channel breakout.
DT Long-term SetupDT should see a healthy pullback to the trendline, above the company which is consistently growing and recently became profitable should see exponential growth. The company recently announced new product updates and there is an entry into the cybersecurity field, a back of strong new customer additions, and solid ~36% ARR growth - making it a great long-term hold.
There is a gap to fill from the 45s to mid 46s, and there could be some struggling there. However, most technicals are pointing upwards and the stock looks like it's in great shape to move up. Short term PT is 45, 46. LT is 50, 56.1.
$DT #CupandHandle SetupDynatrace might have completed the handle part of a cup and handle pattern in today's session. Volume pattern looks good and the stock could be setting out a breakout soon.
$DT - strong break in downtrendWatch resistance levels, trade carefully, entire market is due for a pull back, but i really like this strong move.
$DT | Dynatrace: Bull Flag Watch For A BreakoutBull Flag on the daily chart. Watch for a breakout. Targets on chart.
Goodluck!
Dynatrace goes from a head-and-shoulders to a double-bottomBackground
Dynatrace (DT) is a provider of software that makes it easier to monitor software running in the cloud. DT is providing something that is essential to the next generation of software running the world.
Less than a decade ago, it was a lot easier to monitor how software was working. An engineer could observe an application running on a laptop or desktop. If something went wrong, the engineer can attach a special tool to debug what was broken. Even software running on a powerful server in the companies data center can be observed easily.
Software that runs in the cloud is out of sight. Often you only know its working if a website returns the correct web page. But going beyond that becomes magnitudes more difficult than before. And lately, more companies are spreading software across multiple clouds from Microsoft, Amazon and Google. Keeping that multi-cloud software healthy is a big challenge.
DT built a platform that uses Automation and Artificial Intelligence to make this very complex problem much easier for software developers and system engineers. The addressable market is massive and growing as more companies are accelerating digital transformation forced by the pandemic. As companies move to second and third generation multi-cloud applications, the software is becoming more complex and harder to operationalize.
In addition to this core business, Dynatrace is innovating to take the data that passes through their product and turn it into invaluable business insights. Data is the new oil. That innovation will expand their total addressable market by billions.
Fundamentals
Last three quarters EPS growth of 267%, 333% and 200% YoY
Last three quarters of Sales growth 30%, 27%, 30% YoY
Last quarter earnings surprise of 80%
Sponsorship doubled in the past year
More debt than other industry group leaders
Technicals
80% earnings surprise came amidst 10/28,29 market down turn and rotation
The down day caused a confirmation on a 20w head and shoulders pattern. Note the breakdown through the neckline.
Held support from late May to form a double-bottom pattern
Double-bottom formed between May support and the neckline of head-and-shoulders pattern
Volume is drying up as final sellers move out
Idea
Buy point at 39.39 up to 41.36. Stop Loss based on a 10d ATR (x2.7) set to 9.25%. Position size at R10.82.
Buy Point: 39.39 - 41.36
Stop Loss: 9.25% (35.74 - 37.53
Position Size: R10.82
$DT - broke its down trendThis has ok technicals and is one that I will continue to watch. May pick up option if it shows positive signals of its reversal.
Dynatrace - Cloud App IPODT is coming out of golden ratio fibonacci and good cloud / app IPO if you follow APPN, DDOG, and several others. Looking at upside here once at positive earnings/ profits from work at home crowd.
NYSE:DT
DDOG
APPN
Dynatrace Uptrend Using the Elliot Wave and trend line, it clear to me that Dynatrace share will be on the uptrend. Check this out, and do let me know your comment and feedback. First time learning to analyze a chart. 😂
Buy Signal: 36.21 #stocksIngenuity trading Model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
