Datadog Inc (DDOG) Stock: What Does the Chart Say Tuesday?

Tuesday, October 19, 2021 02:46 PM | InvestorsObserver Analysts

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The market has been high on Datadog Inc (DDOG) stock recently. DDOG gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Datadog Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DDOG!
See Full DDOG Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With DDOG Stock Today?

Datadog Inc (DDOG) stock is trading at $158.57 as of 2:37 PM on Tuesday, Oct 19, a gain of $1.15, or 0.73% from the previous closing price of $157.42. Volume today is 2,201,908 compared to average volume of 2,628,686. The stock has traded between $156.01 and $160.44 so far today. To screen for more stocks like Datadog Inc click here.

More About Datadog Inc

Datadog Inc is a monitoring and analytics platform for developers, IT operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management. The solutions offered by the company include Financial Services, Manufacturing & Logistics, Media & Entertainment and Gaming among others. Click Here to get the full Stock Report for Datadog Inc stock.

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