DRAFTKINGS INC-CL A (DKNG) Stock Technical Analysis
NASDAQ:DKNG - Nasdaq - US26142V1052 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to DKNG. In the last year, DKNG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
In the last month DKNG has a been trading in the 36.23 - 44.85 range, which is quite wide. It is currently trading near the high of this range.
DKNG has an average volume of 10189100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that DKNG is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
DKNG is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 61% of 132 stocks in the same industry.
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 excellent technical rating, but 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
32.35
45.03
We found 5 important support areas.
- A support zone ranging from 41.44 to 42.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 40.57 to 40.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.21 from a trend line in the daily time frame.
- Support @33.22 from a horizontal line in the daily time frame.
- Support @32.68 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @43.80 from a horizontal line in the weekly time frame.
- Resistance @44.58 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DKNG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DKNG is up. |
| ChartMill Relative Strength | 81.81 | POSITIVE | DKNG has a high relative strength, it outperformed 81.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DKNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DKNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DKNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.95 | NEUTRAL | The RSI value for DKNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests DKNG has a positive trend. |
| Stochastics (14,3) | 79.35 | NEUTRAL | The Stochastics value for DKNG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for DKNG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.08 | NEUTRAL | The ADX value for DKNG suggests a possible start of a new trend. |
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)
NASDAQ:DKNG (7/15/2025, 3:48:09 PM)
43.64
-0.15 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.34%
1 Week7.91%
2 Weeks2.1%
1 Month15.3%
3 Month30.29%
6 Month11.45%
12 Month18.58%
2 Year37.79%
3 Year218.94%
5 Year31.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%3.46%
ATR Inc11.35%
Range Today1.42
ADR(20)1.44
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.81
Mansfield0.55
10 Day High44.85
10 Day Low39.96
20 Day High44.85
20 Day Low36.24
52 Week High53.61
52 Week Low28.69
CS1 End42.4
CR1 Start43.8
Volume & EV
DER(3)2.41%
DER(5)2.33%
Volume6.31M
Volume Incr-11.54%
Vol(5)8.53M
Vol(50)10.19M