| DKNG latest price $51.0300 (5.85%) ($49.5000 - $53.2500) on Wed. Sep. 16, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.02% (three month average) |
RSI | 69 |
Latest Price | $51.0300(5.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DKNG advances 4.8% a day on average for past five trading days. |
Weekly Trend | DKNG advances 12.6% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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(62%) IPO(60%) ONLN(60%) ARKK(57%) |
Factors Impacting DKNG price | DKNG will decline at least -2.51% in a week (0% probabilities). VIXM(-31%) UUP(-14%) VXX(-9%) IGOV(-7%) EDOC(-7%) |
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 | -2.51% (StdDev 5.02%) |
Hourly BBV | 0 () |
Intraday Trend | 2.2% |
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