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: 83% of all stocks are doing better.
- DKNG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month DKNG has a been trading in the 29.33 - 36.98 range, which is quite wide. It is currently trading near the lows of this range.
- DKNG has an average volume of 11698800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DKNG is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 45% of 132 stocks in the same industry.
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
29.28
When analyzing the support we notice one important area.
- Support @29.58 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 32.92 to 33.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.92 from a trend line in the daily time frame.
- Resistance @43.65 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 | 17.83 | NEGATIVE | DKNG has a low relative strength, it was outperformed by 82.17% 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) | UP | MIXED | The current price of DKNG is below the rising 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) | 33.7 | NEUTRAL | The RSI value for DKNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests DKNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.16 | OVERSOLD | The low Stochastics value suggests DKNG may be oversold. |
| Average True Range in percent/ATR (20) | 5.13 | HIGH VOLATILITY | The high ATR as a percentage value for DKNG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for DKNG suggests a possible start of a new trend. |
29.94
-0.18 (-0.6%)
DRAFTKINGS INC-CL A / DKNG 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 DKNG stock?
DRAFTKINGS INC-CL A (DKNG) has an RSI value of 33.6965. 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.