DataDog $DDOG Stock Three Inside Down Pattern, Dark Pool Selling

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DataDog $DDOG stock has formed a bearish Three Inside Down pattern (shown in red square on chart below). The stock is trading in a downtrend channel with a negative money flow and neutral MACD. The stock is in a technical strong downtrend.

DataDog stock chart on November 29 2022 with Three Inside Down pattern and a neutral MACD with negative money flow
DataDog stock chart on November 29 2022 with Three Inside Down pattern and a neutral MACD with negative money flow

On November 9, 2022, in a regulatory filing, Datadog disclosed that its director Matthew Jacobson bought 720K shares of common stock on November 7, 2022, in a total transaction size of $50 million.

Unusual Dark Pool Trading In DataDog $DDOG Stock

Unusual dark pool trades occurred in DataDog $DDOG stock on November 25, 2022. The trades were valued at $44 million and $41 million. We think the dark pool trades were sell orders because of how DataDog stock fell following the trades being made public.

DataDog stock chart on November 29 2022 with dark pool trades shown with orange bars
DataDog stock chart on November 29 2022 with dark pool trades shown with orange bars

Longer sale cycles for cloud software companies have investors feeling hesitant

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