Trading Signals: DKNG Stock Price Prediction and Forecast

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Fri. Jul. 10, 2020

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

(DraftKings Inc.)
DKNG latest price $32.4300 (-1.16%) ($31.7600 - $33.1000) on Fri. Jul. 10, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.16% (three month average)
RSI   21
Latest Price   $32.4300(-1.16%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   DKNG declines -0.4% a day on average for past five trading days.
Weekly Trend   DKNG declines -8.2% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support DKNG advance at 0% a week (0% probability)
IBUY(64%)    IWO(60%)    ONLN(59%)    IPO(58%)    ARKK(55%)
Factors Impacting DKNG price   DKNG will decline at least -2.58% in a week (0% probabilities).
VIXM(-31%)    UUP(-13%)    VXX(-10%)    TBT(-5%)    DRIV(-5%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.58% (StdDev 5.16%)
Hourly BBV 0 ()
Intraday Trend 0.1%

1 - 5 Day Possible Target   $14.71(-54.64%)
Resistance Level   $35.86
5 Day Moving Average   $32.27(0.5%)
10 Day Moving Average   $32.82(-1.19%)
20 Day Moving Average   $35.86(-9.56%)
To recent high   -25.8%
To recent low   127.6%
Market Cap   $11.488b

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 9.96% (three month std-dev: 5.16%) daily (68% of days).

Sample size 15 Average positive next day return: 5.22%(53%) Average negative next day return: -1.5%(47%) Sample size 15 Average positive next three day return: 11.17%(40%) Average negative next three day return: -7.44%(60%) Sample size 15 Average positive next weekly return: 8.1%(47%) Average negative next weekly return: -8.37%(53%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200810

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	Jul_10_2020	24.21	35.86	32.82	32.27	32.2	32.8	32.43(-1.16%)	DT	HoldShort	-65	0	-24	120	-0	-95	5.22	74%	0.62	-43.3	5.16%	0	-1	21	1.2
2	Jul_9_2020	24.06	36.07	33.15	32.4	32.37	32.56	32.81(-0.88%)	DP	OpenShort	-65	0.1	-21	40	6	-103	7.93	74%	0.63	-48.9	5.19%	0	-0.9	27	0.8
3	Jul_8_2020	23.91	36.39	33.59	32.61	32.54	31.6	33.1(8.17%)	DP	OpenShort	-75	0.1	-36	-210	-9	-115	11.02	76%	0.67	-49.7	5.2%	0	-1	28	0.9
4	Jul_7_2020	23.75	36.71	34.04	32.64	33.08	32.17	30.6(-5.61%)	DT	HoldShort	-65	-0.6	-48	-150	-22	-124	10.3	75%	0.3	-53	5.34%	0	-1.8	16	0.7
5	Jul_6_2020	23.68	37.11	34.81	33.23	33.6	33.48	32.42(-1.94%)	DT	HoldShort	-65	-0.3	-35	10	-7	-119	9.79	78%	0.89	-61.6	5.26%	0	-1.5	17	1.1

6	Jul_2_2020	23.47	37.47	35.73	33.41	33.57	33.99	33.06(-2.39%)	DT	OpenShort	-75	-0.1	-31	100	-6	-105	9.23	78%	0.64	-65	5.21%	0	-1.5	43	0.8
7	Jul_1_2020	23.32	37.86	36.49	34.02	33.83	33.71	33.87(1.83%)	DP	OpenShort	-75	-0.1	-26	-40	-6	-85	13.89	78%	0.78	-59.1	5.19%	0	-1.5	47	0.6
8	Jun_30_2020	23.14	38.18	37.17	34.75	34.33	33.15	33.26(-0.83%)	DT	OpenShort	-75	-0.6	-37	-280	-24	-77	13.64	78%	0.74	-46.7	5.21%	0	-1.9	38	0.3
9	Jun_29_2020	22.97	38.6	37.92	35.7	35.45	33.94	33.54(0.6%)	DP	OpenShort	-75	-0.8	-41	-320	-33	-63	20.06	78%	0.88	-25.3	5.25%	0	-1.9	38	-0.2
10	Jun_26_2020	22.77	39.11	38.76	36.64	36.96	35.5	33.34(-7.57%)	DT	OpenShort	-75	-1.4	-40	-250	-39	-41	24.4	78%	0.89	10.1	5.29%	0	-2.5	43	-0.9

11	Jun_25_2020	22.57	39.46	39.21	38.38	38.43	36.96	36.07(-3.97%)	DT	OpenShort	-75	-1.2	-27	-260	-31	-16	18.71	84%	0.98	63.5	5.16%	0	-1.7	45	-0.3
12	Jun_24_2020	22.35	39.55	39.3	39.33	39.78	38.42	37.56(-1.13%)	DT	OpenShort	-75	-0.9	-20	-200	-24	-9	12.89	84%	1.04	93.7	5.21%	0	-1	44	-0.7
13	Jun_23_2020	22.12	39.46	39.47	39.96	40.53	39.89	37.99(-0.71%)	N/A	N/A	0	-0.8	-13	-70	-18	1	20.1	84%	1.1	101.3	5.2%	0	-0.6	46	-0
14	Jun_22_2020	21.88	39.27	39.63	40.48	40.77	41.14	38.26(-8.9%)	N/A	N/A	0	-0.9	-2	90	-6	9	29.65	84%	1.16	115.8	5.21%	0	-0.4	44	-0.2
15	Jun_19_2020	21.63	38.87	39.64	41.18	40.73	41.16	42(2.84%)	UT	OpenLong	75	0.2	21	40	22	18	46.28	89%	1.31	93.7	5.03%	0	1	45	-0.8

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		89.1	6.41%	0	1	77	2
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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