Test- FTSE 100 Kicks Off August on a High as BP and Senior Lead Market Momentum
$11
10 Oct 2025, 13:13
Chart & Data from IG
Datadog is a company providing services for cloud-scale applications, offering the ability to monitor servers, databases, and services through a SaaS-based analytics platform. Customers are able to see inside any stack and any app at any scale and everywhere. Currently, its stock is trading at around $134.93 a share. The company reports its earnings tomorrow, since its IPO in 2019, Datadog has not missed its earnings (especially its February report). Looking at the chart on the daily chart, we can see it has managed to find support around its 200-day moving average, which highlights the importance of this technical indicator for stocks. The price seems to be trading within the triangle drawn on the chart, with the range narrowing as it has approached its earnings. The resistance reads $137.94 (upper trendline) with support below at $128.63 (lower trendline). A break above $137.94 would then allow the bulls to target the area of $150-$160, especially when we compare to some of the gains we have seen this earnings season. A break below $128.63 would face support at $122.61 and then $119.39. A break below $119.39 would make it possible for a move lower towards $110.69. Looking at the technical indicators, they are rather neutral. MACD is pretty flat but the RSI is positive as it reads 63.