We assign a technical rating of 3 out of 10 to DKNG. 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.
DKNG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 35.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.69, 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
33.70
We found 1 important support area.
- A support zone ranging from 34.04 to 34.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 35.50 to 35.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.63 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 | 20.19 | NEGATIVE | DKNG has a low relative strength, it was outperformed by 79.81% 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) | 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) | 56.96 | NEUTRAL | The RSI value for DKNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DKNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.8 | NEUTRAL | The Stochastics value for DKNG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for DKNG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.9 | NEGATIVE | The low ADX value for DKNG suggests a weak or negative trend. |
34.88
+0.42 (+1.22%)
DRAFTKINGS INC-CL A / DKNG FAQ
What is the technical rating for DKNG stock?
ChartMill assigns a technical rating of 3 / 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 56.96. 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 34.69 and a resistance level at 35.5. Check the full technical report for our detailed analysis of DKNG support and resistance levels.