Outperforming Datadog Stock Could Continue Rally

DDOG has been moving higher since its early-November post-earnings bull gap

Deputy Editor
Nov 30, 2023 at 2:44 PM
facebook X logo linkedin


Datadog Inc (NASDAQ:DDOG) has been shooting up the charts this month, following a sharp 28.5% rise after earnings on Nov. 7. The security closed lower only three sessions since then, on track for its fifth-straight weekly win. All this positive price action led DDOG to today's 52-week high of $120.6%, though the stock has since turned lower, down 0.2% at $116.43 at last glance. 

ddog nov30

Datadog's rally might still have legs, too, as its recent peak comes amid low volatility, which has been a historically bullish combination for the stock in the past. Per Schaeffer’s Senior Quantitative Analyst Rocky White, there were three other signals over the past five years when Datadog stock was trading within 2% of its 52-week high, while its Schaeffer’s Volatility Index (SVI) stood in the 20th percentile of its annual range or lower. The shares were higher one month later after two of these signals, averaging a 4.1% gain. 

When speculating on DDOG's next move, options way be the way to go. The stock's Schaeffer's Volatility Index (SVI) of 36% ranks in the low 4th percentile of its annual range, meaning options traders are pricing in low volatility expectations at the moment. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI