DRAFTKINGS INC-CL A (DKNG) Stock Technical Analysis
NASDAQ:DKNG - Nasdaq - US26142V1052 - Common Stock - Currency: USD
Taking everything into account, DKNG scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DKNG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
DKNG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DKNG is lagging the market slightly.
DKNG has an average volume of 9353830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, DKNG did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
DKNG is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, DKNG did better than 56% of them.
In the last month DKNG has a been trading in the 39.76 - 53.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although DKNG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
32.54
46.03
5 important support areas can be observed.
- Support @39.82 from a trend line in the weekly time frame.
- Support @38.44 from a trend line in the daily time frame.
- Support @36.64 from a horizontal line in the daily time frame.
- Support @35.32 from a horizontal line in the daily time frame.
- Support @32.87 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.21
Mansfield0.56
10 Day High53.61
10 Day Low41.86
20 Day High53.61
20 Day Low39.76
52 Week High53.61
52 Week Low28.69
Performance
1 Week-1.89%
2 Weeks7.38%
1 Month9.78%
3 Month5.76%
6 Month25.3%
12 Month10.39%
2 Year141.62%
3 Year92.44%
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)0.42
RSI(14)53.3
LBB37.78
UBB53.51
45.57
-3.87 (-7.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-7.83%
1 Week-1.89%
2 Weeks7.38%
1 Month9.78%
3 Month5.76%
6 Month25.3%
12 Month10.39%
2 Year141.62%
3 Year92.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.48
ATR(20)%4.59%
ATR Inc63.79%
Range Today4.12
ADR(20)1.95
ADR(20)%4.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.21
Mansfield0.56
10 Day High53.61
10 Day Low41.86
20 Day High53.61
20 Day Low39.76
52 Week High53.61
52 Week Low28.69
CS1 End39.82
CR1 StartN/A
Volume & EV
DER(3)-1.74%
DER(5)1.11%
Volume16.27M
Volume Incr197.43%
Vol(5)22.39M
Vol(50)9.35M