Trading Signals: DKNG Stock Price Prediction and Forecast

^ DKNG: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Fri. Feb. 26, 2021

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

(DraftKings Inc.)
DKNG latest price $61.6100 (6.48%) ($61.6100 - $61.6100) on Fri. Feb. 26, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.25% (three month average)
RSI   43
Latest Price   $61.6100(6.48%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   DKNG advances 0.3% a day on average for past five trading days.
Weekly Trend   DKNG declines -1.4% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Rotation from value to growth for small cap.
Correlated ETFs   Broad market will support DKNG advance at 0% a week (0% probability)
IBUY(69%)    IWO(64%)    ONLN(63%)    IPO(62%)    ARKK(60%)
Factors Impacting DKNG price   DKNG will decline at least -1.625% in a week (0% probabilities).
VIXM(-33%)    UUP(-13%)    VXX(-9%)    TBT(-5%)    UNG(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.625% (StdDev 3.25%)
Hourly BBV 1.1 ()
Intraday Trend 0%

Inflection Point   Yes
5 Day Moving Average   $60.07(2.56%)
10 Day Moving Average   $59.97(2.73%)
20 Day Moving Average   $60.06(2.58%)
To recent high   -3.6%
To recent low   37.2%
Market Cap   $21.825b

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 4% (three month std-dev: 3.25%) daily (68% of days).

Sample size 13 Average positive next day return: 2.12%(54%) Average negative next day return: -2.42%(46%) Sample size 13 Average positive next three day return: 5.54%(38%) Average negative next three day return: -2.67%(62%) Sample size 13 Average positive next weekly return: 7.34%(31%) Average negative next weekly return: -3%(69%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210326

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	Feb_26_2021	50.4	60.06	59.97	60.07	60	59.74	61.61(6.48%)	N/A	N/A	0	0.6	6	-30	15	-20	23.17	72%	0.2	63.8	3.25%	1.1	0.6	43	0.5
2	Feb_25_2021	50.3	59.78	59.73	59.89	59.68	59.08	57.86(-4.05%)	DT	OpenShort	-75	-0.8	-33	-80	-27	-52	13.16	70%	0.1	63.8	3.18%	-1	-0.8	35	0.2
3	Feb_24_2021	50.25	59.63	60.19	59.97	60.46	60.27	60.3(0.12%)	DP	OpenShort	-65	0.1	-2	0	8	-30	6.66	74%	0.08	60.3	3.18%	0.1	0.2	53	1.4
4	Feb_23_2021	50.21	59.33	60.34	59.68	59.95	60.28	60.23(-0.22%)	DT	OpenShort	-75	0.2	-10	50	-3	-32	16.85	74%	0	57.2	3.18%	-0.1	0.3	55	1.3
5	Feb_22_2021	50.21	58.92	60.5	59.74	59.6	60.65	60.36(-0.54%)	N/A	N/A	0	0.2	9	120	14	-5	9.29	74%	-0.08	47.7	3.18%	0.2	0.4	66	1.1

6	Feb_19_2021	50.25	58.56	60.82	59.87	59.65	59.62	60.69(4.14%)	UT	OpenLong	75	0.2	21	-10	19	27	10.33	74%	-0.02	43.8	3.2%	1.1	0.6	68	1.5
7	Feb_18_2021	50.26	58.21	61.04	59.59	59.67	58.56	58.27(-0.99%)	CR	SmallShort	-20	-0.3	-16	-130	-29	24	6.78	72%	-0.02	39.2	3.19%	-0.6	0	59	1.3
8	Feb_17_2021	50.27	57.98	61.26	60.45	59.92	59.69	58.85(-2.77%)	N/A	N/A	0	-0.4	-10	-50	-32	56	8.61	75%	0.06	44.2	3.19%	-1.2	0.2	64	1.4
9	Feb_16_2021	50.24	57.63	61.34	61.07	60.85	60.78	60.53(-0.84%)	UD	OpenLong	75	-0.1	26	-20	3	95	5.72	75%	0.02	44.3	3.35%	0.3	0.7	69	1.2
10	Feb_12_2021	50.23	57.29	60.84	61.37	61.21	60.16	61.04(2.98%)	UD	OpenLong	65	-0.1	13	-130	-18	106	6.92	75%	0.22	48.7	3.34%	-0.1	0.9	74	1.5

11	Feb_11_2021	50.12	56.98	60.21	61.94	61.36	60.91	59.28(-5.23%)	UD	OpenLong	65	-0.6	1	-80	-38	118	14.01	75%	0.18	60.7	3.33%	-1.8	0.6	67	1.3
12	Feb_10_2021	50.03	56.74	59.92	62.7	62.52	62.26	62.55(0.91%)	UT	OpenLong	75	-0	50	-40	11	167	9.03	80%	0.18	74.4	3.26%	0.4	1.4	72	1
13	Feb_9_2021	49.94	56.28	59.08	62.18	62.65	61.81	61.98(-0.03%)	UD	OpenLong	65	-0.1	37	-70	-4	158	11.36	80%	0.22	82.7	3.29%	-0.7	1.5	72	1.1
14	Feb_8_2021	49.83	55.83	58.29	61.61	62.14	62.77	62(-2.97%)	UD	OpenLong	75	0.1	48	100	9	165	19.82	80%	0.14	94.9	3.31%	-0.9	1.7	75	1.1
15	Feb_5_2021	49.76	55.31	57.23	60.16	61.52	63.48	63.9(1.35%)	UT	OpenLong	75	1.1	93	290	71	160	15.54	83%	0.22	97	3.29%	1.1	2.5	70	1.1

16	Feb_4_2021	49.65	54.58	56.08	58.22	59.23	61.52	63.05(5.14%)	UT	OpenLong	75	1.6	74	320	62	110	15.73	84%	0.24	93.7	3.47%	1.9	2.8	64	1.1
17	Feb_3_2021	49.53	53.84	55.05	56.79	57.01	59.56	59.97(1.39%)	UT	OpenLong	75	1.2	65	320	59	81	11.93	83%	0.24	96	3.47%	0.7	2.4	61	0.7
18	Feb_2_2021	49.41	53.22	54.33	55.57	55.99	56.95	59.15(8.06%)	UT	OpenLong	75	1.4	58	140	58	58	30.75	83%	0.22	82.6	3.5%	1.4	2.4	62	-0.1
19	Feb_1_2021	49.3	52.51	53.52	54.52	54.68	54.47	54.74(1.01%)	UT	OpenLong	75	0.1	4	-20	1	11	9.37	81%	0.28	53.5	3.38%	0	0.8	54	-1.3
20	Jan_29_2021	49.16	52.12	53.39	53.82	54.46	55.03	54.2(-3%)	UD	OpenLong	75	0.1	10	110	11	7	15.45	76%	0.24	33.3	3.46%	-0.7	0.8	58	-2.7

21	Jan_28_2021	49.04	51.86	53.45	53.54	53.73	54.89	55.87(3.65%)	UT	OpenLong	75	0.8	27	160	27	25	0	76%	0.33	22.8	3.45%	1.7	1.4	69	-2.2
22	Jan_27_2021	48.88	51.47	53.29	53.04	52.95	53.89	53.9(0.04%)	UT	OpenLong	75	0.3	24	120	22	31	18.45	75%	0.35	10.6	3.44%	0	0.8	68	-3
23	Jan_26_2021	48.71	51.22	53.25	52.9	52.83	52.57	53.88(5.11%)	UT	OpenLong	75	0.3	23	-40	15	45	22.34	68%	0.12	1.9	3.46%	1	0.9	70	0.3
24	Jan_25_2021	48.65	51.11	53.19	52.39	52.66	52.02	51.26(-2.86%)	N/A	N/A	0	-0.4	-3	-70	-20	47	12.52	66%	0.31	-8	3.54%	-1.4	0.1	73	0.8
25	Jan_22_2021	48.5	51.23	53.3	52.88	52.67	53.09	52.77(-1.2%)	UD	OpenLong	65	-0	12	40	-10	79	8.59	66%		-3	3.52%	-0.5	0.5	69	1.5
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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