DRAFTKINGS INC-CL A (DKNG) Stock Technical Analysis
NASDAQ:DKNG • US26142V1052
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.
- 92% of all other stocks performed better in the past year than DKNG.
- DKNG is part of the Hotels, Restaurants & Leisure industry. There are 125 other stocks in this industry, of which 83% 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.
- In the last month DKNG has a been trading in the 21.01 - 29.55 range, which is quite wide. It is currently trading near the lows of this range.
- DKNG has an average volume of 14488000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
More info and screens
21.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.85 to 23.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.76 to 21.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 30.07 to 30.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.20 from a trend line in the daily time frame.
- Resistance @32.33 from a trend line in the daily time frame.
- Resistance @42.86 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 | DOWN | NEGATIVE | The short term trend for DKNG is down. |
| ChartMill Relative Strength | 8.98 | NEGATIVE | DKNG has a low relative strength, it was outperformed by 91.02% 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) | 39.01 | NEUTRAL | The RSI value for DKNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests DKNG has a positive trend. |
| Stochastics (14,3) | 36.4 | NEUTRAL | The Stochastics value for DKNG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for DKNG suggests high volalility. |
| Average Directional Index/ADX (14) | 46.66 | POSITIVE | The high ADX value value for DKNG suggests a strong trend. |
NASDAQ:DKNG (3/2/2026, 2:40:03 PM)
23.865
+0.02 (+0.1%)
DRAFTKINGS INC-CL A / DKNG 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 39.0058. This indicates that the stock is currently neutral.
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.