DRAFTKINGS INC-CL A (DKNG) Technical Analysis
NASDAQ:DKNG • US26142V1052
Current stock price
22.17 USD
-0.3 (-1.34%)
At close:
21.78 USD
-0.39 (-1.76%)
Pre-Market:
DKNG Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to DKNG. DKNG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, DKNG is a bad performer in the overall market: 90% of all stocks are doing better.
- DKNG is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 81% are performing better than DKNG.
- DKNG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- DKNG has an average volume of 15078400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month DKNG has a been trading in the 20.46 - 24.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DKNG Weekly and Daily overview Charts
DKNG Setup Rating and Analysis
DKNG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
DKNG Support and Resistance Analysis
21.95
41.70
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 22.52 to 22.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.94 to 23.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 24.56 to 24.71. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @26.02 from a trend line in the daily time frame.
- Resistance @35.50 from a horizontal line in the daily time frame.
- Resistance @41.29 from a trend line in the weekly time frame.
DKNG Technical Indicator Signal Analysis
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 | 10.19 | NEGATIVE | DKNG has a low relative strength, it was outperformed by 89.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DKNG is below the rising 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) | 42.21 | NEUTRAL | The RSI value for DKNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests DKNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.56 | NEUTRAL | The Stochastics value for DKNG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for DKNG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.16 | NEGATIVE | The low ADX value for DKNG suggests a weak or negative trend. |
DKNG Chart- and CandleStick Pattern Analysis
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)
DKNG Technicals: Chart, Performance Metrics, Trend & Indicators
22.17
-0.3 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.34%
1 Week-6.61%
2 Weeks-0.36%
1 Month3.5%
3 Month-26.03%
6 Month-32.82%
12 Month-34.39%
2 Year-46.66%
3 Year1.19%
5 Year-60.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%4.33%
ATR Inc-8.02%
Range Today1.01
ADR(20)0.91
ADR(20)%4.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.19
3 months CRS12.51
6 months CRS14.88
Mansfield-4.07
10 Day High24.28
10 Day Low21.69
20 Day High24.28
20 Day Low20.46
52 Week High48.78
52 Week Low20.46
CS1 EndN/A
CR1 Start22.52
Volume & EV
DER(3)1.65%
DER(5)0.88%
Volume8.88M
Volume Incr-7.32%
Vol(5)12.01M
Vol(50)15.08M
DRAFTKINGS INC-CL A / DKNG TA FAQ
What is the technical rating for DKNG stock?
ChartMill assigns a technical rating of 1 / 10 to DKNG.
What is the current trend direction of DRAFTKINGS INC-CL A (DKNG) stock?
The current trend direction for DRAFTKINGS INC-CL A (DKNG) is Bearish.
What is the RSI signal for DRAFTKINGS INC-CL A (DKNG) stock?
DRAFTKINGS INC-CL A (DKNG) has an RSI value of 42.2087. This indicates that the stock is currently neutral.
What is the short term momentum for DKNG stock?
The short term momentum for DRAFTKINGS INC-CL A (DKNG) is negative.
What is the support and resistance level for DKNG stock?
DRAFTKINGS INC-CL A (DKNG) has a resistance level at 22.52. Check the full technical report for our detailed analysis of DKNG support and resistance levels.