Signal in management, residual capital still running
Datadog jumps 8.6%, confirming last week's rebound just before earnings
Signal in management, residual capital still running
Our view last week
Datadog gave back 4.6% this week, with sellers in control of 79% of volume and money flow nearly dried up. But the last session tells a different story: a daily hammer, the lower wick four times the body, signals a firm rejection of the decline, with buyers back in charge on the daily chart. Datadog shares remain boxed between resistance in the 252 area and support in the 245 area, with the weekly RSI down to 67.6 from last week's overbought reading.
This week's summary
Last week's hammer candle had already flagged the turn: Datadog stock rallies 8.6% this week, buyers back in charge with 74% of volume, and the weekly RSI up to 71.6. This week's technical analysis lands right before earnings, due August 6: volatility could pick up.
IQS Phase
49
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#5 / 120
US stocks in progress
Trade P&L %
+106.96%
from signal to date, no stop loss
Rank position
ranks 5th among the 120 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 regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
DDOG belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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