DRAFTKINGS INC-CL A (DKNG) Technical Analysis
NASDAQ:DKNG • US26142V1052
Current stock price
20.72 USD
-0.55 (-2.59%)
At close:
20.51 USD
-0.21 (-1.01%)
After Hours:
DKNG Technical Rating and Analysis
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, DKNG is a bad performer in the overall market: 92% 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 83% are performing better than DKNG.
- DKNG is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so DKNG is lagging the market.
- In the last month DKNG has a been trading in the 20.53 - 26.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- DKNG has an average volume of 16965000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DKNG Weekly and Daily overview Charts
DKNG Setup Rating and Analysis
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.
More info and screens
DKNG Support and Resistance Analysis
20.51
35.86
We can see 4 important resistance areas.
- A resistance zone ranging from 23.47 to 23.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @27.45 from a trend line in the weekly time frame.
- Resistance @28.47 from a trend line in the daily time frame.
- Resistance @35.50 from a horizontal line in the daily 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 | 8.19 | NEGATIVE | DKNG has a low relative strength, it was outperformed by 91.81% 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) | 26.3 | OVERSOLD | The low RSI value suggests DKNG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests DKNG has a negative trend. |
| Stochastics (14,3) | 3.8 | OVERSOLD | The low Stochastics value suggests DKNG may be oversold. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for DKNG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.58 | POSITIVE | The high ADX value value for DKNG suggests a strong 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
20.72
-0.55 (-2.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.59%
1 Week-12.46%
2 Weeks-19.91%
1 Month-13.09%
3 Month-40.6%
6 Month-51.04%
12 Month-41.29%
2 Year-54.37%
3 Year7.02%
5 Year-66.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%5.73%
ATR Inc-38.81%
Range Today0.72
ADR(20)1.15
ADR(20)%5.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.19
3 months CRS7.95
6 months CRS9.74
Mansfield-4.07
10 Day High26.1
10 Day Low20.53
20 Day High26.5
20 Day Low20.53
52 Week High48.78
52 Week Low20.53
CS1 EndN/A
CR1 Start23.47
Volume & EV
DER(3)-4.1%
DER(5)-3.75%
Volume13.68M
Volume Incr21.04%
Vol(5)17.25M
Vol(50)16.96M
DRAFTKINGS INC-CL A / DKNG TA FAQ
What is the technical rating for DKNG stock?
ChartMill assigns a technical rating of 0 / 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 DKNG stock?
DRAFTKINGS INC-CL A (DKNG) has an RSI value of 26.295. This indicates that the stock is currently oversold.
What is the short term momentum for DRAFTKINGS INC-CL A (DKNG) stock?
The short term momentum for DRAFTKINGS INC-CL A (DKNG) is negative.
Can you provide the buy/sell signal for DRAFTKINGS INC-CL A?
The buy/sell signal for DRAFTKINGS INC-CL A (DKNG) is sell as both the short term and long term trends are negative.