DRAFTKINGS INC-CL A (DKNG) Stock Technical Analysis
NASDAQ:DKNG - US26142V1052 - Common Stock
47.8 USD
+0.09 (+0.19%)
47.9 USD
+0.1 (+0.21%)
Overall DKNG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, DKNG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that DKNG is one of the better performing stocks in the market, outperforming 88% of all stocks.
DKNG is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry. DKNG outperforms 80% of them.
DKNG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DKNG is lagging the market slightly.
In the last month DKNG has a been trading in the 42.38 - 48.33 range, which is quite wide. It is currently trading near the high of this range.
DKNG has an average volume of 9198480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although DKNG has an excellent technical rating, it does not present a decent entry opportunity 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
32.75
48.28
4 important support areas can be observed.
- A support zone ranging from 44.98 to 45.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 42.72 to 43.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.90 from a trend line in the daily time frame.
- Support @33.08 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 | UP | POSITIVE | The long term trend for DKNG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DKNG is up. |
| ChartMill Relative Strength | 88.28 | POSITIVE | DKNG has a high relative strength, it outperformed 88.28% 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) | UP | POSITIVE | The current price of DKNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DKNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.59 | NEUTRAL | The RSI value for DKNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests DKNG has a positive trend. |
| Stochastics (14,3) | 93.16 | OVERBOUGHT | The high Stochastics value suggests DKNG may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for DKNG suggests some volalility. |
| Average Directional Index/ADX (14) | 34.76 | POSITIVE | The high ADX value value for DKNG suggests a strong trend. |
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)
47.8
+0.09 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.19%
1 Week4.71%
2 Weeks10.75%
1 Month4.48%
3 Month33.22%
6 Month8.98%
12 Month38.55%
2 Year61.21%
3 Year197.63%
5 Year35.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.38
ATR(20)%3.23%
ATR Inc-43.71%
Range Today0.79
ADR(20)1.47
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.28
Mansfield0.96
10 Day High48.33
10 Day Low42.68
20 Day High48.33
20 Day Low42.38
52 Week High53.61
52 Week Low29.64
CS1 End45.09
CR1 StartN/A
Volume & EV
DER(3)3.11%
DER(5)3.79%
Volume7.07M
Volume Incr-37.59%
Vol(5)6.38M
Vol(50)9.20M