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.
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.
26.35
We can see 3 important resistance areas.
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 | 13.68 | NEGATIVE | DKNG has a low relative strength, it was outperformed by 86.32% 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) | 31.04 | NEUTRAL | The RSI value for DKNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests DKNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.04 | OVERSOLD | The low Stochastics value suggests DKNG may be oversold. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for DKNG suggests high volalility. |
| Average Directional Index/ADX (14) | 30.79 | POSITIVE | The high ADX value value for DKNG suggests a strong trend. |
26.62
+1.1 (+4.31%)
ChartMill assigns a technical rating of 0 / 10 to DKNG.
The current trend direction for DRAFTKINGS INC-CL A (DKNG) is Bearish.
DRAFTKINGS INC-CL A (DKNG) has an RSI value of 31.0404. This indicates that the stock is currently neutral.
The short term momentum for DRAFTKINGS INC-CL A (DKNG) is negative.
The buy/sell signal for DRAFTKINGS INC-CL A (DKNG) is sell as both the short term and long term trends are negative.