Name of the software Datadog Inc (NASDAQ: DDOG) sees several pressure levels on the charts. A known cap at $ 95 appears to be holding the stock in check, while an influx of calls to the June 95 price may also act as resistance in the coming weeks. The 20-week moving average has also been a significant trend line of resistance in the past, and the stock is currently just below it. With these technical levels, DDOG seems to be on the right track to increase its deficit of 10.2% since the beginning of the year.
Analysts rely on equity, leaving little room for a round of upgrades and plenty of room for a mood swing that could drag the stock down. Of the 19 analysts in the coverage, 11 carry a "to buy" or better rating on DDOG, while eight recommend a lukewarm one "stop," with not a "to sell" or worse in sight. Plus, the 12-month consensus price target of $ 108.33 is a 22.5% premium over current levels.
Finally, the Datadog share currently also offers attractive premiums. The Schaeffer’s Volatility Index (SVI) of the share is 46% higher than just 4% of all other values of the past year. Additionally, Schaeffer’s Volatility Scorecard (SVS) is a relatively high 81 out of a possible 100, suggesting that the stock has managed to beat those volatility expectations over the past 12 months.
Our recommended put contract has a leverage ratio of -6.1 and will double if the underlying security declines 13.9%.