| DKNG latest price $41.4600 (-2.54%) ($40.3000 - $43.8800) on Fri. Sep. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.8% (three month average) |
RSI | 66 |
Latest Price | $41.4600(-2.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DKNG advances 1.6% a day on average for past five trading days. |
Weekly Trend | DKNG advances 3% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support DKNG advance at 0% a week (0% probability) IBUY(66%) IWO(62%) IPO(60%) ONLN(60%) ARKK(57%) |
Factors Impacting DKNG price | DKNG will decline at least -2.4% in a week (0% probabilities). VIXM(-30%) UUP(-13%) VXX(-9%) IGOV(-7%) EDOC(-6%) |
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 | -2.4% (StdDev 4.8%) |
Hourly BBV | 0 () |
Intraday Trend | -4% |
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