| DKNG latest price $53.1100 (4.08%) ($48.0500 - $54.3200) on Thu. Sep. 17, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.04% (three month average) |
RSI | 70 |
Latest Price | $53.1100(4.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DKNG advances 4.6% a day on average for past five trading days. |
Weekly Trend | DKNG advances 15% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based 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 -2.52% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.52% (StdDev 5.04%) |
Hourly BBV | 0 () |
Intraday Trend | 8.2% |
| |
|
|