Overall DKNG gets a technical rating of 2 out of 10. In the past year, DKNG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of DKNG is bad and it also does not present a quality setup 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.
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29.98
When analyzing the support we notice one important area.
- Support @30.28 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 34.01 to 34.55. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @35.20 from a horizontal line in the daily time frame.
- Resistance @45.23 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for DKNG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DKNG is up. |
| ChartMill Relative Strength | 12.54 | NEGATIVE | DKNG has a low relative strength, it was outperformed by 87.46% 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) | DOWN | MIXED | The current price of DKNG is above 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) | 58.1 | NEUTRAL | The RSI value for DKNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests DKNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.38 | OVERBOUGHT | The high Stochastics value suggests DKNG may be overbought. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for DKNG suggests some volalility. |
| Average Directional Index/ADX (14) | 28.1 | POSITIVE | The high ADX value value for DKNG suggests a strong trend. |
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-1.19 (-3.38%)
DRAFTKINGS INC-CL A / DKNG FAQ
What is the technical rating for DKNG stock?
ChartMill assigns a technical rating of 2 / 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 58.1037. This indicates that the stock is currently neutral.
What is the buy/sell signal for DRAFTKINGS INC-CL A (DKNG) stock?
The buy/sell signal for DRAFTKINGS INC-CL A (DKNG) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for DRAFTKINGS INC-CL A (DKNG) stock?
DRAFTKINGS INC-CL A (DKNG) has a support level at 30.28 and a resistance level at 34.01. Check the full technical report for our detailed analysis of DKNG support and resistance levels.