DRAFTKINGS INC-CL A (DKNG) Stock Technical Analysis
USA - NASDAQ:DKNG - US26142V1052 - Common Stock
We assign a technical rating of 0 out of 10 to DKNG. DKNG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of DKNG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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29.74
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 33.37 to 34.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.71 from a horizontal line in the daily time frame.
- Resistance @36.43 from a trend line in the daily time frame.
- Resistance @42.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.21 to 46.54. 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 | DOWN | NEGATIVE | The long term trend for DKNG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DKNG is down. |
| ChartMill Relative Strength | 10.34 | NEGATIVE | DKNG has a low relative strength, it was outperformed by 89.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DKNG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DKNG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DKNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.59 | OVERSOLD | The low RSI value suggests DKNG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DKNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 18.76 | OVERSOLD | The low Stochastics value suggests DKNG may be oversold. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for DKNG suggests high volalility. |
| Average Directional Index/ADX (14) | 37.18 | POSITIVE | The high ADX value value for DKNG suggests a strong trend. |
NASDAQ:DKNG (10/30/2025, 3:52:10 PM)
30.045
-0.6 (-1.97%)
DRAFTKINGS INC-CL A / DKNG FAQ
What is the technical rating for DKNG stock?
ChartMill assigns a technical rating of 0 / 10 to DKNG.
Can you provide the trend direction for DRAFTKINGS INC-CL A?
The current trend direction for DRAFTKINGS INC-CL A (DKNG) is Bearish.
What is the RSI signal for DKNG stock?
DRAFTKINGS INC-CL A (DKNG) has an RSI value of 27.593. This indicates that the stock is currently oversold.
What is the buy/sell signal for DRAFTKINGS INC-CL A (DKNG) stock?
The buy/sell signal for DRAFTKINGS INC-CL A (DKNG) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for DRAFTKINGS INC-CL A (DKNG) stock?
DRAFTKINGS INC-CL A (DKNG) has a resistance level at 33.37. Check the full technical report for our detailed analysis of DKNG support and resistance levels.