Open buy · confirmation week closes higher
Datadog gains 3.4% and prints a new 30-day high the weekly close fails to confirm
Our view last week
Datadog closed the week with a 16.6% jump, its third gain in a row, and the picture has flipped: seven days ago a sell signal had run out of steam, now a fresh buy signal fires, ranking 2nd among the 8 new US Longs. Datadog stock is working near its recent highs, but price action shows shrinking volume and a distribution phase, so among US tech stocks our technical analysis flags it as trading not recommended.
This week's summary
Datadog adds 3.4%, its 4th straight weekly gain, and prints a new 30-day high, in the 282 area, that the weekly close fails to confirm. A week ago the buy signal started under a trading-not-recommended flag; now the confirmation week closes higher and money flow turns positive after 9 weeks. For swing trading, our technical analysis of Datadog stock shows a strong but volatile picture, with volume shrinking close to the highs.
IQS Phase
57
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#3 / 93
US stocks in progress
Trade P&L %
+3.39%
from signal to date, no stop loss
Datadog (DDOG) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 3rd among the 93 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
DDOG belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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