Datadog: a heavy sell-off week after the rally
Datadog stock: -12.7% this week, the trade still holds a 80.67% gain
Datadog: a heavy sell-off week after the rally
Our view last week
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.
This week's summary
After last week's 8.6% rally, Datadog stock reverses sharply: shares drop 12.7% this week, with sellers back in full control (87% of volume) and the latest candle marked by heavy distribution. Money flow has turned negative. This week's technical analysis shows a front losing steam; the trade still sits at +80.67% since entry.
IQS Phase
44
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#5 / 132
US stocks in progress
Trade P&L %
+80.67%
from signal to date, no stop loss
Rank position
ranks 5th among the 132 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +7.20% · monthly +3.62%
DDOG belongs to the growth tech sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
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