Technical Analysis for DKNG - DraftKings Inc.

Grade Last Price % Change Price Change
A 25.51 2.37% 0.59
DKNG closed up 2.01 percent on Friday, June 2, 2023, on approximately normal volume.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 2.37%
Gapped Up Strength 2.37%
Up 3 Days in a Row Strength 2.37%
Crossed Above 20 DMA Bullish 4.42%
Pocket Pivot Bullish Swing Setup 4.42%
Bollinger Band Squeeze Range Contraction 4.42%
BB Squeeze Started Range Contraction 4.42%
NR7 Range Contraction 9.30%
Stochastic Reached Oversold Weakness 9.30%
Strong but Oversold Other 9.30%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
1.5x Volume Pace about 3 hours ago
Upper Bollinger Band Resistance about 3 hours ago
Rose Above Previous Day's High about 3 hours ago
Rose Above Upper Bollinger Band about 3 hours ago
Up 2% about 3 hours ago

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Profile

DraftKings Inc. Description

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.


Classification

Sector: Consumer Cyclical
Industry: Gambling
Keywords: Games IBD 50 Digital Media Gambling Gaming Online Gambling Nba Sports Betting National Football League Nfl Mlb National Basketball Association

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 26.405
52 Week Low 10.52
Average Volume 12,027,008
200-Day Moving Average 16.98
50-Day Moving Average 21.47
20-Day Moving Average 23.95
10-Day Moving Average 24.08
Average True Range 1.10
RSI (14) 63.37
ADX 35.57
+DI 33.15
-DI 14.94
Chandelier Exit (Long, 3 ATRs) 23.11
Chandelier Exit (Short, 3 ATRs) 24.37
Upper Bollinger Bands 25.18
Lower Bollinger Band 22.72
Percent B (%b) 0.89
BandWidth 10.28
MACD Line 0.71
MACD Signal Line 0.81
MACD Histogram -0.0991
Fundamentals Value
Market Cap 9.76 Billion
Num Shares 392 Million
EPS 0.05
Price-to-Earnings (P/E) Ratio 539.39
Price-to-Sales 42.27
Price-to-Book 9.83
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.67
Resistance 3 (R3) 26.54 25.84 26.38
Resistance 2 (R2) 25.84 25.39 25.90 26.28
Resistance 1 (R1) 25.38 25.12 25.61 25.50 26.18
Pivot Point 24.67 24.67 24.79 24.73 24.67
Support 1 (S1) 24.21 24.23 24.44 24.34 23.66
Support 2 (S2) 23.51 23.95 23.57 23.56
Support 3 (S3) 23.05 23.51 23.46
Support 4 (S4) 23.17