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May 30, 2023

Trading Bot Generates 9.68% Gains for DDOG

An AI Trading Bot has recently generated impressive gains of 9.68% for DDOG (Datadog Inc.), a leading monitoring and analytics platform for developers, operations teams, and business users. The bot's algorithmic trading strategy successfully identified profitable opportunities within the stock, resulting in substantial returns for investors.

In addition to the notable gains, DDOG has also shown signs of an upward trend in its price movement. The 10-day moving average has crossed above the 50-day moving average, indicating a potentially bullish sentiment in the market. This technical analysis suggests that the stock's recent performance has been stronger in the short term compared to its performance over the past 50 days.

The 10-day moving average reflects the average price of a security over the past ten trading days, while the 50-day moving average represents the average price over the past 50 trading days. When the shorter-term moving average crosses above the longer-term moving average, it is often considered a bullish signal by traders and analysts.

Related Ticker: DDOG

DDOG in upward trend: 10-day moving average moved above 50-day moving average on June 28, 2024

The 10-day moving average for DDOG crossed bullishly above the 50-day moving average on June 28, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for DDOG just turned positive on June 12, 2024. Looking at past instances where DDOG's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

DDOG moved above its 50-day moving average on June 26, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DDOG advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 269 cases where DDOG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for DDOG moved out of overbought territory on July 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where DDOG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on July 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DDOG as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DDOG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DDOG broke above its upper Bollinger Band on June 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 81%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DDOG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (20.161) is normal, around the industry mean (30.463). DDOG has a moderately high P/E Ratio (879.643) as compared to the industry average of (158.367). Projected Growth (PEG Ratio) (1.145) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.082) among similar stocks. P/S Ratio (20.284) is also within normal values, averaging (54.951).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DDOG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.54B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 13%. RQHTF experienced the highest price growth at 125%, while PWWBF experienced the biggest fall at -79%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 157%. For the same stocks of the Industry, the average monthly volume growth was 6% and the average quarterly volume growth was 67%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 74
Price Growth Rating: 50
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 1 (-100 ... +100)
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General Information

a company, which engages in the development of monitoring and analytics platform for developers, information technology operations teams and business users

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
620 8th Avenue
Phone
+1 866 329-4466
Employees
5200
Web
https://www.datadog.com
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