DRAFTKINGS INC-CL A (DKNG)

US26142V1052 - Common Stock

45.52  +0.17 (+0.37%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to DKNG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DKNG is showing a nice and steady performance.

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 96% of all stocks. On top of that, DKNG also shows a nice and consistent pattern of rising prices.
DKNG is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 96% of 135 stocks in the same industry.
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.
DKNG has an average volume of 12860000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month DKNG has a been trading in the 40.56 - 49.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
DKNG Weekly chart
DKNG Daily chart
Setup Rating and Analysis

3

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.

Support and Resistance Analysis

34.10

45.98

When analyzing the support we can see 4 important areas.

  • Support @43.14 from a trend line in the daily time frame.
  • A support zone ranging from 41.27 to 42.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 39.26 to 40.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @34.44 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.51
Mansfield2.42
10 Day High49.57
10 Day Low41.4
20 Day High49.57
20 Day Low40.56
52 Week High49.57
52 Week Low17.42
Performance
1 Week-1.99%
2 Weeks7.36%
1 Month7.13%
3 Month28.65%
6 Month54.04%
12 Month134.25%
2 Year132.92%
3 Year-26.06%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.33
RSI(14)55.46
LBB39.39
UBB49.45
DKNG Daily chart

DRAFTKINGS INC-CL A

NASDAQ:DKNG (3/28/2024, 10:22:09 AM)

45.52

+0.17 (+0.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.37%
1 Week-1.99%
2 Weeks7.36%
1 Month7.13%
3 Month28.65%
6 Month54.04%
12 Month134.25%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.94
ATR(20)%4.16%
ATR Inc
Range Today1.48
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High49.57
10 Day Low41.4
20 Day High49.57
20 Day Low40.56
52 Week High49.57
52 Week Low17.42
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.48M
Volume Incr47.38%
Vol(5)14.59M
Vol(50)12.86M