DATADOG INC. - Weekly - Technical analysis published on 11/19/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 81.99 USD
My targets
62.68 USD (-18.08%)
50.01 USD (-34.64%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DATADOG INC. as long as the price remains well below 81.99 USD. The sellers' bearish objective is set at 62.68 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 50.01 USD. In case of crossing, the next objective would be the support located at 28.78 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DATADOG INC. rating 76.52 USD. Over 5 days, this instrument lost -7.08% and was traded between 74.55 USD and 86.88 USD over the period. The price is currently at +2.64% from its lowest point and -11.92% from its highest point.74.55
86.88
76.52
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DATADOG INC.:
Technical
Technical analysis of this Weekly chart of DATADOG INC. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Weekly
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 28.78 | 50.01 | 76.52 | 81.99 | 96.10 | 117.67 |
| Change (%) | -62.39% | -34.64% | - | +7.15% | +25.59% | +53.78% |
| Change | -47.74 | -26.51 | - | +5.47 | +19.58 | +41.15 |
| Level | Minor | Minor | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.50 | 71.03 | 73.77 | 77.30 | 80.04 | 83.57 | 86.31 |
| Camarilla | 74.80 | 75.37 | 75.95 | 76.52 | 77.10 | 77.67 | 78.24 |
| Woodie | 67.12 | 70.83 | 73.39 | 77.10 | 79.66 | 83.37 | 85.93 |
| Fibonacci | 71.03 | 73.42 | 74.90 | 77.30 | 79.69 | 81.17 | 83.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.06 | 60.26 | 71.30 | 77.50 | 88.54 | 94.74 | 105.78 |
| Camarilla | 77.61 | 79.19 | 80.77 | 82.35 | 83.93 | 85.51 | 87.09 |
| Woodie | 56.49 | 61.47 | 73.73 | 78.71 | 90.97 | 95.95 | 108.21 |
| Fibonacci | 60.26 | 66.84 | 70.91 | 77.50 | 84.08 | 88.15 | 94.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.83 | 62.68 | 71.60 | 84.45 | 93.37 | 106.22 | 115.14 |
| Camarilla | 74.52 | 76.52 | 78.51 | 80.51 | 82.51 | 84.50 | 86.50 |
| Woodie | 47.86 | 61.70 | 69.63 | 83.47 | 91.40 | 105.24 | 113.17 |
| Fibonacci | 62.68 | 71.00 | 76.14 | 84.45 | 92.77 | 97.91 | 106.22 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.70 | |
| MACD (12,26,9): | -10.7300 | |
| Directional Movement: | -7.30 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 76.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 93.78 | |
| Elder Ray (13): | -4.98 | |
| Super Trend (3,10): | 118.43 | |
| Zig ZAG (10): | 76.52 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 17.36 | |
| TEMA (21): | 74.58 | |
| Williams %R (14): | -80.43 | |
| Chande Momentum Oscillator (20): | -30.21 | |
| Repulse (5,40,3): | -11.8000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.3600 | |
| Courbe Coppock: | 46.02 |
| MA7: | 80.15 | |
| MA20: | 78.27 | |
| MA50: | 84.47 | |
| MA100: | 93.81 | |
| MAexp7: | 80.60 | |
| MAexp20: | 91.25 | |
| MAexp50: | 106.40 | |
| MAexp100: | 105.69 | |
| Price / MA7: | -4.53% | |
| Price / MA20: | -2.24% | |
| Price / MA50: | -9.41% | |
| Price / MA100: | -18.43% | |
| Price / MAexp7: | -5.06% | |
| Price / MAexp20: | -16.14% | |
| Price / MAexp50: | -28.08% | |
| Price / MAexp100: | -27.60% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on DATADOG INC. at the time of the analysis were as follows:
- Datadog Announces Second Quarter 2021 Financial Results
- Datadog Announces First Quarter Results
- Datadog Announces Fourth Quarter and Full Year 2020 Results
- Datadog Announces Third Quarter Results
- Datadog Achieves FedRAMP Moderate-Impact “In Process” Status
This member declared not having a position on this financial instrument or a related financial instrument.
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