Technical Analysis for DKNG - DraftKings Inc.

Grade Last Price % Change Price Change
B 44.18 0.86% 0.38
DKNG closed up 1.37 percent on Wednesday, November 20, 2024, on 72 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Gapped Up Strength 0.86%
Overbought Stochastic Strength 0.86%
Up 3 Days in a Row Strength 0.86%
Stochastic Reached Overbought Strength 2.24%
Overbought Stochastic Strength 2.24%
Gapped Down Weakness 2.24%
Pocket Pivot Bullish Swing Setup 4.31%
Multiple of Ten Bullish Other 4.31%
200 DMA Support Bullish 10.88%
Multiple of Ten Bearish Other 10.88%

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Profile

DraftKings Inc. Description

DraftKings is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings’ Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL as well as an authorized gaming operator of the MLB and NBA.


Classification

Sector: Consumer Cyclical
Industry: Gambling
Keywords: Games Digital Media Gambling Gaming Online Gambling Nba Sports Betting Mlb National Basketball Association National Football League Nfl Daily Fantasy Sports Fanduel

Is DKNG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 49.57
52 Week Low 28.69
Average Volume 8,914,505
200-Day Moving Average 39.57
50-Day Moving Average 38.71
20-Day Moving Average 39.06
10-Day Moving Average 41.63
Average True Range 1.62
RSI (14) 66.78
ADX 23.86
+DI 35.24
-DI 17.21
Chandelier Exit (Long, 3 ATRs) 39.38
Chandelier Exit (Short, 3 ATRs) 39.97
Upper Bollinger Bands 44.73
Lower Bollinger Band 33.38
Percent B (%b) 0.92
BandWidth 29.07
MACD Line 1.43
MACD Signal Line 0.91
MACD Histogram 0.5267
Fundamentals Value
Market Cap 20.42 Billion
Num Shares 466 Million
EPS -2.17
Price-to-Earnings (P/E) Ratio -20.18
Price-to-Sales 6.07
Price-to-Book 25.24
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 45.71
Resistance 3 (R3) 45.64 44.95 45.39
Resistance 2 (R2) 44.95 44.46 44.98 45.28
Resistance 1 (R1) 44.37 44.16 44.66 44.44 45.18
Pivot Point 43.68 43.68 43.82 43.71 43.68
Support 1 (S1) 43.10 43.19 43.39 43.17 42.42
Support 2 (S2) 42.41 42.89 42.44 42.32
Support 3 (S3) 41.83 42.41 42.21
Support 4 (S4) 41.90