Technical Analysis for DKNG - DraftKings Inc.

Grade Last Price % Change Price Change
grade A 41.27 -5.56% -2.43
DKNG closed down 5.56 percent on Tuesday, June 2, 2020, on 3.81 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Very Strong N/A Up Up
Historical DKNG trend table...

Date Alert Name Type % Chg
Slingshot Bullish Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
New 52 Week High Strength 0.00%
Parabolic Rise Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Multiple of Ten Bullish Other 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

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Profile

DraftKings is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings’ Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL as well as an authorized gaming operator of the MLB and NBA.
Digital Media Gaming National Football League Mlb National Basketball Association Nfl Nba Sports Betting

Is DKNG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 44.79
52 Week Low 0.0
Average Volume 7,285,512
200-Day Moving Average 0.00
50-Day Moving Average 21.25
20-Day Moving Average 30.02
10-Day Moving Average 34.74
Average True Range 2.97
ADX 59.89
+DI 46.34
-DI 5.86
Chandelier Exit (Long, 3 ATRs ) 35.87
Chandelier Exit (Short, 3 ATRs ) 27.93
Upper Bollinger Band 42.52
Lower Bollinger Band 17.53
Percent B (%b) 0.95
BandWidth 83.22
MACD Line 5.50
MACD Signal Line 4.33
MACD Histogram 1.1756
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 48.76
Resistance 3 (R3) 49.10 46.94 47.51
Resistance 2 (R2) 46.94 45.04 46.77 47.09
Resistance 1 (R1) 44.11 43.86 43.03 43.77 46.68
Pivot Point 41.95 41.95 41.42 41.78 41.95
Support 1 (S1) 39.12 40.05 38.04 38.78 35.86
Support 2 (S2) 36.96 38.87 36.79 35.45
Support 3 (S3) 34.13 36.96 35.03
Support 4 (S4) 33.79