Technical Analysis for DKNG - DraftKings Inc.

Grade Last Price % Change Price Change
F 36.30 1.45% 0.52
DKNG closed up 1.45 percent on Friday, July 26, 2024, on 49 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: Aug 1
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Death Cross Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Bollinger Band Squeeze Range Contraction 1.45%
Doji - Bullish? Reversal 1.45%
Stochastic Reached Oversold Weakness 1.45%
BB Squeeze + Lower Band Touch Range Contraction 1.45%
Lower Bollinger Band Touch Weakness 1.45%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 19 hours ago
Rose Above Previous Day's High about 21 hours ago
60 Minute Opening Range Breakout about 21 hours ago
Up 2% about 23 hours ago
Gap Up Partially Closed about 23 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 Digital Media Gambling Gaming Online Gambling Sports Betting Nba Mlb National Basketball Association National Football League Nfl Daily Fantasy Sports Fanduel

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 49.57
52 Week Low 25.41
Average Volume 9,790,797
200-Day Moving Average 38.71
50-Day Moving Average 38.70
20-Day Moving Average 37.34
10-Day Moving Average 37.38
Average True Range 1.48
RSI (14) 43.18
ADX 14.66
+DI 17.30
-DI 26.72
Chandelier Exit (Long, 3 ATRs) 35.59
Chandelier Exit (Short, 3 ATRs) 39.74
Upper Bollinger Bands 39.37
Lower Bollinger Band 35.30
Percent B (%b) 0.25
BandWidth 10.88
MACD Line -0.68
MACD Signal Line -0.57
MACD Histogram -0.1082
Fundamentals Value
Market Cap 16.92 Billion
Num Shares 466 Million
EPS -2.17
Price-to-Earnings (P/E) Ratio -16.73
Price-to-Sales 6.07
Price-to-Book 25.24
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 37.46
Resistance 3 (R3) 37.51 37.17 37.26
Resistance 2 (R2) 37.17 36.88 37.15 37.20
Resistance 1 (R1) 36.74 36.70 36.57 36.69 37.13
Pivot Point 36.40 36.40 36.32 36.38 36.40
Support 1 (S1) 35.97 36.11 35.80 35.92 35.47
Support 2 (S2) 35.63 35.93 35.61 35.40
Support 3 (S3) 35.20 35.63 35.34
Support 4 (S4) 35.15