Trading Signals: DKNG Stock Price Prediction and Forecast

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Mon. Nov. 23, 2020

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

(DraftKings Inc.)
DKNG latest price $48.0400 (-0.38%) ($46.9000 - $48.8800) on Mon. Nov. 23, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.02% (three month average)
RSI   78
Latest Price   $48.0400(-0.38%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   DKNG advances 2.3% a day on average for past five trading days.
Weekly Trend   DKNG advances 9% a week on average for past two weeks.
Market Behavior   Value stock 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(68%)    IWO(62%)    ONLN(62%)    IPO(61%)    ARKK(59%)
Factors Impacting DKNG price   DKNG will decline at least -2.51% in a week (0% probabilities).
VIXM(-33%)    UUP(-13%)    EDOC(-11%)    VXX(-9%)    TBT(-5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.51% (StdDev 5.02%)
Hourly BBV -0.6 ()
Intraday Trend 0%

5 Day Moving Average   $47.98(0.13%)
10 Day Moving Average   $45.06(6.61%)
20 Day Moving Average   $42.13(14.03%)
To recent high   -24.7%
To recent low   35.9%
Market Cap   $17.018b

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 9.71% (three month std-dev: 5.02%) daily (68% of days).

Sample size 9 Average positive next day return: 1.58%(33%) Average negative next day return: -3.36%(67%) Sample size 9 Average positive next three day return: 3.7%(78%) Average negative next three day return: -5.01%(22%) Sample size 9 Average positive next weekly return: 6.78%(78%) Average negative next weekly return: -8.19%(22%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201223

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	Nov_23_2020	41.48	42.13	45.06	47.98	48.35	48.22	48.04(-0.38%)	UD	OpenLong	75	0	32	0	6	110	18.01	62%	0.17	44.4	5.02%	-0.6	1.4	78	1.1
2	Nov_20_2020	41.41	41.69	44.4	46.92	47.82	48.84	48.23(-2.28%)	UD	OpenLong	75	0.3	46	210	22	118	25.34	62%	0.36	33.2	5.04%	-0.8	1.7	81	1.2
3	Nov_19_2020	41.26	41.37	43.79	45.85	46.27	48.49	49.35(3.49%)	UT	HoldLong	65	1	63	360	40	131	26.28	62%	0.39	25.1	5.03%	0.8	2.2	84	1.3
4	Nov_18_2020	41.1	40.99	43.09	44.23	44.81	46.8	47.69(2.31%)	UT	OpenLong	75	1.1	68	350	48	126	35.19	64%	0.34	11.3	5.03%	1.1	2.2	74	1.3
5	Nov_17_2020	40.96	40.64	42.25	43.01	43.21	44.05	46.61(9.05%)	UT	OpenLong	75	1.3	49	150	31	104	33.75	64%	0.32	-9.6	5.09%	1.9	2.2	69	1.6

6	Nov_16_2020	40.83	40.39	41.33	41.76	42.05	42.82	42.74(-0.26%)	UD	OpenLong	75	0.4	26	150	10	75	15.76	62%	0.25	-38.8	4.99%	0.4	0.9	62	1.6
7	Nov_13_2020	40.73	40.45	40.67	41.51	41.49	42.36	42.85(3.88%)	UT	OpenLong	75	0.5	25	150	13	62	50.29	61%	0.17	-50.2	5.05%	1.1	0.9	58	1.5
8	Nov_12_2020	40.66	40.49	39.94	41.41	41.22	41.29	41.25(-0.87%)	UD	OpenLong	75	-0.1	11	-0	2	37	14.27	62%	0.07	-56.3	5.09%	0.3	0.3	46	1.1
9	Nov_11_2020	40.63	40.65	39.56	41.78	41.41	40.63	41.61(3.15%)	UD	OpenLong	65	-0.1	4	-160	-3	26	12.41	62%	0.1	-55.4	5.13%	0.3	0.3	46	1.8
10	Nov_10_2020	40.59	40.91	39.2	41.34	41.77	41.15	40.34(-2.8%)	N/A	N/A	0	-0.3	-1	-70	-4	10	17.03	60%	0.05	-55.2	5.12%	-1.2	-0.2	47	1.7

11	Nov_9_2020	40.57	41.4	39.02	40.76	41.63	42.19	41.5(-2.01%)	N/A	N/A	0	0.2	12	160	17	-2	21.02	60%	0	-58.5	5.19%	0.1	0	47	1.4
12	Nov_6_2020	40.57	41.81	38.8	39.62	40.35	42.39	42.35(-1.69%)	N/A	N/A	0	0.6	21	410	36	-26	17.86	60%	0.02	-71	5.18%	0.6	0.1	43	1.7
13	Nov_5_2020	40.56	42.09	38.75	38.22	38.77	41.07	43.08(9.31%)	N/A	N/A	0	1	24	460	48	-47	31.48	60%	0.07	-84.4	5.19%	1.6	0.2	45	1
14	Nov_4_2020	40.53	42.44	38.65	37.09	37.1	38.31	39.41(5.15%)	DP	OpenShort	-65	0.4	-3	230	23	-82	28.02	57%	-0.05	-89.2	5.08%	1.3	-0.6	33	0.8
15	Nov_3_2020	40.55	43.1	38.83	36.83	36.69	36.47	37.48(4.78%)	DP	OpenShort	-65	0.1	-27	-50	1	-110	19.47	56%	-0.1	-84.7	5.04%	1.9	-0.9	22	-0.6

16	Nov_2_2020	40.59	44.03	39.31	37.07	36.99	35.88	35.77(1.1%)	DP	OpenShort	-75	-0.2	-52	-220	-23	-138	17.93	56%	-0.02	-74.9	5.01%	-0.5	-1.2	11	-1.4
17	Oct_30_2020	40.6	45.24	40.19	37.84	37.78	36.91	35.38(-5.38%)	DT	HoldShort	-65	-0.3	-61	-170	-33	-143	24.83	56%	-0.02	-64.3	5.04%	-1.6	-1.3	12	-1.7
18	Oct_29_2020	40.61	46.62	41.11	39.31	38.87	38.1	37.39(-1.94%)	DT	HoldShort	-65	-0.2	-51	-170	-24	-131	19.54	58%	-0.05	-53.9	5.01%	-1.6	-1.2	22	-1.4
19	Oct_28_2020	40.63	47.82	41.88	40.44	40.11	38.66	38.13(-1.37%)	DT	HoldShort	-65	-0.3	-49	-280	-22	-128	27.07	58%	-0.02	-45.7	5.02%	-1.1	-1.3	20	-2.6
20	Oct_27_2020	40.64	48.86	42.81	41.11	41.04	39.65	38.66(-2.5%)	DT	HoldShort	-65	-0.3	-57	-240	-31	-135	28.82	56%	0.02	-41	5.02%	0	-1.4	19	-0.5

21	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
22	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
23	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
24	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
25	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%		-37.9	5.06%	0	-1.7	25	0.6
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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