DRAFTKINGS INC-CL A (DKNG) Stock Technical Analysis
NASDAQ:DKNG - Nasdaq - US26142V1052 - Common Stock
We assign a technical rating of 6 out of 10 to DKNG. Although DKNG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month DKNG has a been trading in the 35.96 - 41.76 range, which is quite wide. It is currently trading near the high of this range.
DKNG has an average volume of 9244290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, DKNG outperforms 69% of them, which is more or less in line with the market.
DKNG is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, DKNG did better than 60% of them.
DKNG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DKNG is lagging the market.
DKNG has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.19
46.61
We found 4 important support areas.
- A support zone ranging from 38.47 to 39.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.28 to 37.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.32 from a horizontal line in the daily time frame.
- Support @34.54 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @43.70 from a trend line in the weekly time frame.
- Resistance @44.85 from a horizontal line in the daily time frame.
- Resistance @46.15 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.31
Mansfield-0.53
10 Day High41.76
10 Day Low37.04
20 Day High41.76
20 Day Low35.96
52 Week High49.57
52 Week Low28.69
Performance
1 Week4.22%
2 Weeks10.84%
1 Month7.12%
3 Month13.82%
6 Month14.35%
12 Month7.87%
2 Year176.92%
3 Year87.91%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.41
RSI(14)59.69
LBB35.68
UBB41.4
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 43.71 | 38.46 | 5.25 (12.01%) | 8.33% |
| An entry @43.71. This is a Buy Stop order right above the resistance zone. | An exit @38.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.25 points, which is 12.01%. | When investing 8.33% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DRAFTKINGS INC-CL A
NASDAQ:DKNG (1/22/2025, 3:51:10 PM)
41.025
-0.48 (-1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.17%
1 Week4.22%
2 Weeks10.84%
1 Month7.12%
3 Month13.82%
6 Month14.35%
12 Month7.87%
2 Year176.92%
3 Year87.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.59
ATR(20)%3.63%
ATR Inc24.43%
Range Today1.22
ADR(20)1.47
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.31
Mansfield-0.53
10 Day High41.76
10 Day Low37.04
20 Day High41.76
20 Day Low35.96
52 Week High49.57
52 Week Low28.69
CS1 End39.74
CR1 Start43.7
Volume & EV
DER(3)3.71%
DER(5)1.16%
Volume4.88M
Volume Incr18.91%
Vol(5)9.71M
Vol(50)9.24M