Trading Signals: DKNG Stock Price Prediction and Forecast

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Fri. Jan. 15, 2021

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

(DraftKings Inc.)
DKNG latest price $53.6900 (-2.46%) ($53.6900 - $53.6900) on Fri. Jan. 15, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.52% (three month average)
RSI   52
Latest Price   $53.6900(-2.46%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   DKNG advances 0.6% a day on average for past five trading days.
Weekly Trend   DKNG advances 5.7% 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 -1.76% in a week (0% probabilities).
VIXM(-33%)    UUP(-13%)    VXX(-9%)    TBT(-5%)    UNG(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.76% (StdDev 3.52%)
Hourly BBV -1 ()
Intraday Trend 0%

Inflection Point   Yes
5 Day Moving Average   $54.08(-0.72%)
10 Day Moving Average   $51.52(4.21%)
20 Day Moving Average   $51.34(4.58%)
To recent high   -2.8%
To recent low   51.8%
Market Cap   $19.02b

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 5.78% (three month std-dev: 3.52%) daily (68% of days).

Sample size 9 Average positive next day return: 2.46%(67%) Average negative next day return: -2.14%(33%) Sample size 9 Average positive next three day return: 4.48%(78%) Average negative next three day return: -7.4%(22%) Sample size 9 Average positive next weekly return: 3.77%(56%) Average negative next weekly return: -7.52%(44%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210215

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	Jan_15_2021	47.76	51.34	51.52	54.08	54.24	54.37	53.69(-2.46%)	UD	OpenLong	65	-0.1	22	30	-3	95	9.54	64%	0.32	29.6	3.52%	-1	0.8	52	0.7
2	Jan_14_2021	47.61	51.31	50.82	53.74	54.18	54.86	55.05(0.69%)	UT	OpenLong	75	0.4	41	110	28	79	10.9	59%	0.36	33.1	3.57%	0.7	1.2	50	1.2
3	Jan_13_2021	47.44	51.07	50.17	52.67	53.42	54.12	54.67(2.06%)	UT	OpenLong	75	0.7	35	130	31	48	11.13	59%	0.34	23.2	3.69%	0.9	1.2	53	1.4
4	Jan_12_2021	47.28	50.84	49.48	51.48	52.16	53.5	53.57(0.23%)	UT	OpenLong	75	0.7	28	220	33	12	15.94	59%	0.38	16.8	3.69%	0.6	1	49	1.1
5	Jan_11_2021	47.1	50.66	48.98	50.28	50.96	52.71	53.44(2.8%)	RB	SmallLong	20	1.1	39	280	56	-14	13.5	59%	0.41	6.9	3.71%	1.3	1	48	0.2

6	Jan_8_2021	46.91	50.48	48.76	48.57	49.49	50.83	51.99(4.67%)	N/A	N/A	0	1.3	22	250	48	-57	17.56	59%	0.34	-10.2	3.74%	1.4	0.6	41	1.6
7	Jan_7_2021	46.75	50.32	48.86	47.48	47.72	49.21	49.67(1.87%)	DP	OpenShort	-65	0.8	-5	230	22	-86	12.37	53%	0.3	-24.7	3.73%	0.5	-0.2	41	1.5
8	Jan_6_2021	46.61	50.38	49.09	47.33	46.94	48.16	48.76(2.51%)	DP	OpenShort	-65	0.5	-1	160	26	-82	39.51	49%	0.26	-26.6	3.8%	0.7	-0.6	48	-0.4
9	Jan_5_2021	46.49	50.36	49.52	47.21	46.98	46.23	47.56(5.92%)	DP	OpenShort	-65	0.1	-20	-130	2	-86	14.43	49%	0.28	-35.4	3.86%	1.4	-1	46	-0.5
10	Jan_4_2021	46.36	50.47	50.12	47.5	47.12	45.72	44.9(-3.5%)	DT	OpenShort	-75	-1	-61	-230	-50	-94	13.28	46%	0.48	-38.8	3.82%	-1.7	-2.1	40	-1.6

11	Dec_31_2020	46.14	50.76	51.17	48.94	48.15	47.73	46.53(-4.9%)	DT	OpenShort	-75	-1	-41	-110	-37	-53	14.46	46%	0.28	-29.1	3.83%	-1.6	-1.8	44	1.2
12	Dec_30_2020	46.01	51	51.92	50.42	49.54	48.52	48.93(1.69%)	DP	OpenShort	-75	-0.7	-16	-200	-18	-8	8.93	52%	0.37	-6.3	3.84%	-0	-1	54	1.3
13	Dec_29_2020	45.84	51.12	52.13	51.12	50.8	48.57	48.11(-1.86%)	DT	OpenShort	-75	-1.5	-35	-330	-44	-7	12.85	52%	0.37	9.3	3.91%	0.3	-1.5	45	0.2
14	Dec_28_2020	45.67	51.34	52.44	52.16	51.87	50.57	49.02(-5.93%)	CR	SmallShort	-20	-1.6	-33	-190	-49	16	14.71	55%	0.62	34.9	3.91%	0.3	-1.2	57	1.2
15	Dec_24_2020	45.39	51.53	52.61	53.11	52.95	53.03	52.11(-3.41%)	UD	OpenLong	65	-0.5	4	0	-11	50	6.22	61%	0.42	58.9	3.96%	-2.4	0.3	60	1.3

16	Dec_23_2020	45.2	51.44	52.43	53.74	53.36	53.17	53.95(2.98%)	UT	OpenLong	75	0.1	19	-50	2	68	13.22	57%	0.47	75.3	3.93%	1.3	1.3	61	0.5
17	Dec_22_2020	44.99	51.14	51.95	53.69	53.68	52.86	52.39(-1.76%)	UD	OpenLong	65	-0.7	9	-110	-7	58	11.66	57%	0.45	76.4	4.02%	-0.9	0.6	54	-0.7
18	Dec_21_2020	44.79	50.93	51.79	53.31	54.01	53.54	53.33(-0.78%)	UD	OpenLong	65	0	13	-20	-1	55	11.13	53%	0.45	81	4.05%	-1	1.2	57	-1.6
19	Dec_18_2020	44.59	50.67	51.27	52.74	53.3	54.51	53.75(-2.74%)	UD	OpenLong	75	0.5	20	190	13	39	17.84	53%	0.43	86.7	4.15%	-0.4	1.5	53	1.2
20	Dec_17_2020	44.4	50.44	50.8	52	52.49	54.48	55.27(2.92%)	UT	OpenLong	75	1.7	44	290	48	33	20.49	53%	0.45	101.6	4.17%	1.5	2.5	55	1.6

21	Dec_16_2020	44.2	50.05	50.22	50.96	51.18	52.1	53.7(6.33%)	UT	OpenLong	75	1.7	29	140	35	11	24.98	56%	0.43	119.3	4.18%	2.8	2.2	60	1.5
22	Dec_15_2020	44.01	49.69	49.9	50.01	50.29	50.5	50.5(0%)	N/A	N/A	0	0.3	2	50	5	-9	11.22	53%	0.36	127.4	4.17%	0.8	0.5	60	0.8
23	Dec_14_2020	43.85	49.33	49.93	50.07	49.86	50.27	50.5(0.94%)	N/A	N/A	0	0.2	5	40	7	0	11.97	59%	0.3	97.2	4.17%	1.2	0.5	59	-0.6
24	Dec_11_2020	43.72	48.98	50.08	49.55	49.93	50.07	50.03(-0.13%)	UD	OpenLong	75	0.2	9	40	11	4	12.6	59%	0.32	78	4.68%	-0.2	0.4	57	0.3
25	Dec_10_2020	43.58	48.57	50.33	49.38	49.4	49.45	50.1(2.37%)	N/A	N/A	0	0.2	-1	10	-2	4	12.09	61%		61.9	4.7%	0.3	0.5	53	0.9
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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