DRAFTKINGS INC-CL A (DKNG) Stock Technical Analysis
NASDAQ:DKNG - Nasdaq - US26142V1052 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to DKNG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DKNG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that DKNG is one of the better performing stocks in the market, outperforming 88% of all stocks.
DKNG is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry. DKNG outperforms 80% of them.
DKNG has an average volume of 9164140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
In the last month DKNG has a been trading in the 40.75 - 46.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DKNG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 44.57, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
32.55
46.22
4 important support areas can be observed.
- A support zone ranging from 43.72 to 44.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.56 to 40.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @36.00 from a trend line in the daily time frame.
- Support @32.88 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 45.06 to 45.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 88.93 | POSITIVE | DKNG has a high relative strength, it outperformed 88.93% 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) | 58.51 | NEUTRAL | The RSI value for DKNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests DKNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.02 | NEUTRAL | The Stochastics value for DKNG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for DKNG suggests some volalility. |
| Average Directional Index/ADX (14) | 25.84 | POSITIVE | The high ADX value value for DKNG suggests a strong 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)
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 |
|---|---|---|---|
| 45.77 | 43.71 | 2.06 (4.50%) | 22.22% |
| An entry @45.77. This is a Buy Stop order right above the resistance zone. | An exit @43.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.06 points, which is 4.50%. | For a 1.00% total portfolio risk, you can invest 22.22% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DKNG. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:DKNG (8/5/2025, 9:48:09 AM)
44.84
-0.21 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.47%
1 Week1.74%
2 Weeks1.3%
1 Month11.02%
3 Month24.34%
6 Month6.55%
12 Month48.48%
2 Year51.94%
3 Year180.51%
5 Year27.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.45
ATR(20)%3.34%
ATR Inc15.52%
Range Today0.8
ADR(20)1.43
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.93
Mansfield0.66
10 Day High46.64
10 Day Low43.12
20 Day High46.64
20 Day Low40.75
52 Week High53.61
52 Week Low29.29
CS1 End44.57
CR1 Start45.06
Volume & EV
DER(3)-0.38%
DER(5)1.1%
Volume647.38K
Volume Incr30.66%
Vol(5)10.47M
Vol(50)9.16M