| DKNG latest price $39.9000 (8.04%) ($37.1100 - $41.2900) on Wed. Sep. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.69% (three month average) |
RSI | 60 |
Latest Price | $39.9000(8.04%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DKNG advances 0.5% a day on average for past five trading days. |
Weekly Trend | DKNG advances 2.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support DKNG advance at 0% a week (0% probability) IBUY(66%) IWO(61%) ONLN(60%) IPO(59%) ARKK(57%) |
Factors Impacting DKNG price | DKNG will decline at least -2.345% in a week (0% probabilities). VIXM(-30%) UUP(-13%) VXX(-9%) EDOC(-6%) TBT(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.345% (StdDev 4.69%) |
Hourly BBV | 0 () |
Intraday Trend | -2.8% |
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