Trading Signals: DKNG Stock Price Prediction and Forecast

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Mon. Oct. 26, 2020

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

(DraftKings Inc.)
DKNG latest price $39.6500 (-7.23%) ($39.3500 - $42.6400) on Mon. Oct. 26, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.08% (three month average)
RSI   17
Latest Price   $39.6500(-7.23%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   DKNG declines -2.3% a day on average for past five trading days.
Weekly Trend   DKNG declines -10.3% 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(68%)    IWO(63%)    ONLN(62%)    IPO(61%)    ARKK(59%)
Factors Impacting DKNG price   DKNG will decline at least -2.54% in a week (0% probabilities).
VIXM(-32%)    UUP(-14%)    VXX(-10%)    EDOC(-9%)    TBT(-5%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.54% (StdDev 5.08%)
Hourly BBV 0 ()
Intraday Trend 0%

1 - 5 Day Possible Target   $18.78(-52.64%)
Resistance Level   $49.74
5 Day Moving Average   $41.88(-5.32%)
10 Day Moving Average   $44.03(-9.95%)
20 Day Moving Average   $49.74(-20.29%)
To recent high   -37.8%
To recent low   25.4%
Market Cap   $14.046b

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 14.46% (three month std-dev: 5.08%) daily (68% of days).

Sample size 17 Average positive next day return: 5.13%(53%) Average negative next day return: -4.63%(47%) Sample size 17 Average positive next three day return: 10.4%(47%) Average negative next three day return: -11.12%(53%) Sample size 17 Average positive next weekly return: 9.96%(53%) Average negative next weekly return: -15.77%(47%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201126

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	Oct_26_2020	40.63	49.74	44.03	41.88	41.89	41.55	39.65(-7.23%)	DT	HoldShort	-65	-0.3	-49	-60	-22	-131	32.41	56%	0	-39.3	5.08%	0	-1.4	17	-0.4
2	Oct_23_2020	40.63	50.63	45.12	42.87	42.61	42.43	42.74(-0.6%)	DT	HoldShort	-65	-0	-35	-50	-3	-132	23.08	58%	0.05	-35.3	5.01%	0	-1.2	16	1.1
3	Oct_22_2020	40.61	51.19	45.73	43.19	42.9	42.23	43(3.61%)	DP	OpenShort	-75	-0	-50	-130	-13	-160	37.58	58%	0.07	-37.2	5.04%	0	-1.3	15	1.2
4	Oct_21_2020	40.58	51.62	46.52	43.59	43.62	42.79	41.5(-2.42%)	DT	HoldShort	-65	-0.3	-63	-130	-24	-180	34.85	60%	0	-39.2	5.02%	0	-1.6	16	0.9
5	Oct_20_2020	40.58	52.13	47.7	44.8	44.63	43.56	42.53(-4.6%)	DT	OpenShort	-75	-0.4	-69	-180	-33	-178	70.24	60%	-0.02	-37.9	5.06%	0	-1.7	25	0.6

6	Oct_19_2020	40.59	52.74	49.11	46.53	46.26	44.44	44.58(0.54%)	DP	OpenShort	-75	-0.4	-65	-290	-33	-159	49.95	60%	0.12	-28.6	5.02%	0	-1.5	34	0.7
7	Oct_16_2020	40.54	53.15	50.65	47.74	47.96	45.71	44.34(-1.47%)	DT	OpenShort	-75	-0.7	-66	-310	-40	-142	39.3	62%	0.17	-22	5.02%	0	-1.7	33	1.4
8	Oct_15_2020	40.47	53.74	52.55	48.63	49.5	48.07	45(-5.38%)	DT	OpenShort	-75	-0.8	-54	-150	-36	-109	36.05	64%	0.25	-5.9	5.14%	0	-1.9	41	1.6
9	Oct_14_2020	40.37	54.2	54.23	49.86	50.36	50.22	47.56(-7.07%)	DT	OpenShort	-75	-0.5	-33	10	-20	-70	27.51	66%	0.35	12.8	5.15%	0	-1.6	50	2
10	Oct_13_2020	40.23	54.43	55.4	51.01	51.1	50.93	51.18(1.15%)	DP	OpenShort	-75	0	-15	-20	-8	-37	19.13	65%	0.3	32.7	5.06%	0	-0.8	55	2.1

11	Oct_12_2020	40.11	54.33	55.91	52.13	51.75	50.5	50.6(3.65%)	DP	OpenShort	-75	-0.4	-32	-190	-32	-31	31.71	65%	0.55	52.2	5.21%	0	-0.9	48	2.7
12	Oct_9_2020	39.89	54.28	56.6	54.12	53.52	51.28	48.82(-4.52%)	DT	OpenShort	-75	-1	-41	-330	-52	-6	29.57	65%	0.5	69	5.2%	0	-1.1	50	2.6
13	Oct_8_2020	39.69	54.01	57.17	57.11	56.24	52.99	51.13(-4.13%)	N/A	N/A	0	-1.1	-34	-450	-54	25	37.24	66%	0.56	85	5.16%	0	-0.5	47	1.7
14	Oct_7_2020	39.47	53.66	57.25	59.25	58.43	55.77	53.33(-6.08%)	CR	SmallShort	-20	-1	-30	-360	-55	47	65.47	65%	0.61	91.2	5.21%	0	-0.1	53	1
15	Oct_6_2020	39.23	53.08	57.05	60.36	60.49	59.48	56.78(-6.23%)	UD	OpenLong	65	-0.5	10	-110	-13	78	27.2	67%	0.72	89.3	5.2%	0	0.5	60	0.3

16	Oct_5_2020	38.95	52.15	56.79	60.15	60.3	61.09	60.55(-5.06%)	UD	OpenLong	75	0.1	29	100	6	99	34.51	69%	0.83	89.8	5.13%	0	1.2	69	0.6
17	Oct_2_2020	38.63	51	55.89	59.42	59.38	61.5	63.78(3.15%)	UT	OpenLong	75	0.6	60	250	42	114	20.48	69%	1.02	83.5	5.11%	0	1.7	72	0.4
18	Oct_1_2020	38.24	49.71	54.96	57.3	58.04	59.52	61.83(5.08%)	UT	HoldLong	65	0.6	69	220	51	123	24.12	69%	0.98	76.3	5.13%	0	1.7	78	0.8
19	Sep_30_2020	37.87	48.59	54.02	55.05	55.88	57.26	58.84(5.56%)	UT	OpenLong	75	0.5	51	220	31	112	19	69%	0.88	70.8	5.1%	0	1.5	74	0.8
20	Sep_29_2020	37.54	47.49	53.2	53.3	53.94	56.56	55.74(-2.02%)	UD	OpenLong	75	0.4	52	380	30	116	32.59	68%	0.86	62.1	5.07%	0	1.2	75	0.9

21	Sep_28_2020	37.22	46.49	52.47	52.94	52.75	54.5	56.89(6.96%)	UT	HoldLong	65	0.6	70	220	44	148	28.66	68%	0.92	59.6	5.06%	0	1.5	79	0.7
22	Sep_25_2020	36.88	45.45	51.62	51.86	52.02	51.32	53.19(5.18%)	UT	HoldLong	65	0.2	38	-80	1	148	21.78	64%	0.85	57.4	5.11%	0	1.1	78	0.6
23	Sep_24_2020	36.57	44.72	50.53	52.3	51.78	50.99	50.57(0.9%)	UD	OpenLong	65	-0.3	20	-140	-27	160	21.01	63%	0.74	63.8	5.11%	0	0.9	72	0.3
24	Sep_23_2020	36.3	44.13	49.8	52.81	52.91	52.71	50.12(-7.08%)	UD	OpenLong	75	-0.4	50	-20	2	195	14.88	63%	0.81	69.9	5.12%	0	0.9	68	0.1
25	Sep_22_2020	36.01	43.56	48.91	52.99	52.63	52.57	53.94(4.76%)	UT	HoldLong	65	0.1	61	-30	7	224	19.67	62%		74.3	5.03%	0	1.6	77	0.7
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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