| DKNG latest price $52.7250 (5.09%) ($50.7070 - $52.9800) on Fri. Nov. 27, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5% (three month average) |
RSI | 76 |
Latest Price | $52.7250(5.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DKNG advances 1.4% a day on average for past five trading days. |
Weekly Trend | DKNG advances 9.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock 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 -2.5% 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 | -2.5% (StdDev 5%) |
Hourly BBV | -2.4 () |
Intraday Trend | 0% |
| |
|
|