Trading Signals: DKNG Stock Price Prediction and Forecast

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Thu. Jun. 18, 2020

Trading Signals: DKNG Stock Price Prediction and Forecast (Thu. Jul. 25, 2019 - Fri. Dec. 22, 2023)

(DraftKings Inc.)
DKNG latest price $40.8400 (0.29%) ($39.7600 - $42.8000) on Thu. Jun. 18, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.04% (three month average)
RSI   54
Latest Price   $40.8400(0.29%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   DKNG advances 2.3% a day on average for past five trading days.
Weekly Trend   DKNG declines -0.8% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support DKNG advance at 0% a week (0% probability)
IBUY(64%)    IWO(59%)    IPO(58%)    ONLN(58%)    ARKK(55%)
Factors Impacting DKNG price   DKNG will decline at least -2.52% in a week (0% probabilities).
VIXM(-30%)    UUP(-14%)    VXX(-10%)    TBT(-4%)    DRIV(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.52% (StdDev 5.04%)
Hourly BBV 0 ()
Intraday Trend 2.4%

5 Day Moving Average   $40.16(1.69%)
10 Day Moving Average   $39.35(3.79%)
20 Day Moving Average   $38.24(6.8%)
To recent high   -6.5%
To recent low   261.4%
Market Cap   $14.468b

DraftKings, Inc. operates as a digital sports entertainment and gaming company. It provides online and retail sports wagering offerings, online daily fantasy contests and online casino games. The company was founded by Jason D. Robins, Matthew Kalish and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA.

$. DKNG price fluctuates within 10.15% (three month std-dev: 5.04%) daily (68% of days).

Sample size 4 Average positive next day return: 0.92%(50%) Average negative next day return: -4.61%(50%) Sample size 4 Average positive next three day return: 5.15%(75%) Average negative next three day return: -14.05%(25%) Sample size 4 Average positive next weekly return: 14.56%(50%) Average negative next weekly return: -7.1%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200718

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jun_18_2020	21.35	38.24	39.35	40.16	40.02	40.41	40.84(0.29%)	N/A	N/A	0	0.2	11	60	16	-3	15.45	82%	1.23	76.3	5.04%	0	0.7	54	-0.7
2	Jun_17_2020	21.09	37.71	39.28	39.25	39.12	40.3	40.72(0.37%)	N/A	N/A	0	0.3	8	200	14	-10	18.13	83%	1.3	68.6	5.31%	0	0.7	59	-0.9
3	Jun_16_2020	20.82	37.17	39.2	38.93	38.25	39.64	40.57(-2.92%)	N/A	N/A	0	0.4	14	200	19	-0	11.14	83%	1.26	66.9	5.38%	0	0.8	63	-1
4	Jun_15_2020	20.56	36.64	39.23	38.69	37.99	37.95	41.79(13.31%)	UT	OpenLong	75	0.7	17	-60	17	15	17.17	83%	1.38	69.1	5.43%	0	1.1	69	-1.3
5	Jun_12_2020	20.28	36.02	39.35	37.94	38.01	36.86	36.88(1.65%)	N/A	N/A	0	-0.2	-6	-210	-17	28	8.14	72%	1.15	70.2	5.37%	0	0.2	71	-1.4

6	Jun_11_2020	20.05	35.49	39.66	38.43	38.3	38.04	36.28(-7.24%)	N/A	N/A	0	-0.4	-2	-60	-21	57	9.99	67%	1.11	69.2	6.2%	0	0.1	72	-2.6
7	Jun_10_2020	19.83	35.01	39.83	39.28	39.27	39.17	39.11(-0.76%)	UD	OpenLong	75	-0	27	-20	3	99	7.11	70%	1.33	72.8	6.36%	0	0.7	73	0.9
8	Jun_9_2020	19.57	34.39	39.49	39.49	39.42	38.55	39.41(3.71%)	UD	OpenLong	65	-0	20	-160	-12	114	8.8	70%	1.03	77.3	6.37%	0	0.9	74	1
9	Jun_8_2020	19.37	33.66	38.94	39.86	39.9	39.37	38(-3.41%)	UD	OpenLong	65	-0.3	18	-90	-21	133	15.24	70%	1.31	81.2	6.36%	0	0.7	73	1.6
10	Jun_5_2020	19.12	32.96	38.16	41	40.97	40.29	39.34(-2.94%)	UD	OpenLong	65	-0.3	39	-120	-4	167	9.7	66%	1.49	89.1	6.41%	0	1	77	2

11	Jun_4_2020	18.84	32.17	37.16	41.07	41.4	40.44	40.53(0.92%)	UD	OpenLong	65	-0.1	46	-140	-2	190	14.72	68%	1.51	93.7	6.42%	0	1.3	85	1.6
12	Jun_3_2020	18.56	31.33	36.1	40.42	40.92	41.64	40.16(-2.69%)	UD	OpenLong	75	-0	55	160	7	199	20.12	68%	1.59	97.4	6.6%	0	1.4	82	1.7
13	Jun_2_2020	18.27	30.4	35.05	39.41	39.95	42.35	41.27(-5.56%)	UD	OpenLong	75	0.3	82	460	38	214	27.81	69%	1.73	97.1	6.59%	0	1.7	82	1.3
14	Jun_1_2020	17.96	29.37	33.85	37.84	37.88	40.21	43.7(10.08%)	UT	HoldLong	65	1	99	430	58	221	20.53	69%	1.81	94.5	6.53%	0	2.4	89	1
15	May_29_2020	17.64	28.15	32.33	34.92	35.29	37.55	39.7(6.58%)	UT	HoldLong	65	0.9	82	480	47	188	14.95	67%	1.61	89.1	6.5%	0	2.2	89	1.3

16	May_28_2020	17.36	27.11	30.86	32.69	32.88	35.55	37.25(5.97%)	UT	HoldLong	65	1	71	590	43	155	23.22	66%	1.58	84.4	6.52%	0	2.1	87	0.9
17	May_27_2020	17.09	26.2	29.69	31.18	30.92	33.04	35.15(5.27%)	UT	HoldLong	65	0.9	63	450	38	136	15.7	65%	1.48	83.7	6.51%	0	2	84	1.5
18	May_26_2020	16.84	25.34	28.77	30.06	29.87	30.21	33.39(14.7%)	UT	HoldLong	65	0.8	48	60	21	128	11.2	65%	1.75	81.6	6.52%	0	1.9	86	1.3
19	May_22_2020	16.55	24.63	27.86	29.29	29.29	28.81	29.11(1.96%)	UD	OpenLong	65	-0	25	-110	-8	125	6.47	62%	1.16	83.8	6.21%	0	1.1	84	1.2
20	May_21_2020	16.36	24.14	27.32	29.32	29.72	29.53	28.55(-3.84%)	UD	OpenLong	75	-0.2	43	-0	7	151	7.66	61%	0.8	87.4	6.26%	0	1.1	85	1.1

21	May_20_2020	16.23	23.59	26.84	28.67	29.35	29.77	29.69(0.41%)	UT	HoldLong	65	0.3	49	170	12	160	5.88	61%	1.18	83.4	6.26%	0	1.5	91	1.5
22	May_19_2020	16.04	22.96	26.24	27.9	28.35	29.91	29.57(0.07%)	UT	HoldLong	65	0.4	57	430	19	169	8.69	62%	1.26	82.3	6.27%	0	1.7	91	0.9
23	May_18_2020	15.84	22.33	25.45	27.25	27.54	28.93	29.55(1.09%)	UT	HoldLong	65	0.6	71	390	34	182	17.33	62%	1.21	85.8	6.28%	0	1.9	92	1.4
24	May_15_2020	15.65	21.72	24.59	26.23	26.53	26.79	29.23(15.49%)	UT	HoldLong	65	0.9	60	100	24	166	24.71	62%	1.23	89	6.28%	0	2.1	81	1
25	May_14_2020	15.46	21.08	23.66	25.08	25.7	26.15	25.31(-2.13%)	UD	OpenLong	75	0.1	42	200	7	145	12.18	57%		90.7	6.05%	0	1.3	77	0.8
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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