Trading Signals: DKNG Stock Price Prediction and Forecast

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Fri. Jul. 23, 2021

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

(DraftKings Inc.)
DKNG latest price $49.3250 (0.32%) ($49.3250 - $49.3250) on Fri. Jul. 23, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.22% (three month average)
RSI   42
Latest Price   $49.3250(0.32%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   DKNG advances 2.4% a day on average for past five trading days.
Weekly Trend   DKNG declines -1.9% a week on average for past two weeks.
Market Behavior   Broad based 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(69%)    IWO(65%)    ONLN(64%)    IPO(63%)    ARKK(61%)
Factors Impacting DKNG price   DKNG will decline at least -1.61% in a week (0% probabilities).
VIXM(-32%)    UUP(-12%)    VXX(-7%)    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   -1.61% (StdDev 3.22%)
Hourly BBV 0.9 ()
Intraday Trend 0%

5 Day Moving Average   $47.55(3.73%)
10 Day Moving Average   $46.84(5.31%)
20 Day Moving Average   $48.73(1.22%)
To recent high   -17.4%
To recent low   19.8%
Market Cap   $17.473b

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 5.68% (three month std-dev: 3.22%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210823

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	Jul_23_2021	54.61	48.73	46.84	47.55	48.3	49.25	49.33(0.32%)	RB	SmallLong	20	0.6	17	180	30	-24	6.68	38%	-0.24	-21	3.22%	0.9	0.2	42	-0.2
2	Jul_22_2021	54.74	48.8	46.76	46.43	47.1	49.01	49.17(0.66%)	N/A	N/A	0	1	25	330	50	-49	6.27	38%	-0.31	-28.6	3.23%	1	0.1	40	-0
3	Jul_21_2021	54.91	48.86	46.62	45.57	45.75	47.35	48.85(6.54%)	N/A	N/A	0	1.2	21	260	54	-80	14.86	42%	-0.36	-34.4	3.23%	1.6	-0	38	0.7
4	Jul_20_2021	55.11	48.93	46.56	44.75	44.75	45.19	45.85(2.95%)	DP	OpenShort	-65	0.4	-21	70	14	-127	7.27	37%	-0.42	-39.7	3.18%	1.8	-1.1	26	-0.5
5	Jul_19_2021	55.34	49.1	47.09	45.13	44.46	44.15	44.54(1.77%)	DP	OpenShort	-75	-0.2	-52	-90	-23	-140	12.48	37%	-0.32	-40.4	3.16%	0.3	-1.7	17	-2.8

6	Jul_16_2021	55.52	49.31	47.76	46.05	45.26	44.3	43.76(-2.41%)	DT	HoldShort	-65	-0.9	-58	-200	-35	-128	11.57	37%	-0.25	-42.9	3.16%	-1	-2.2	21	0.3
7	Jul_15_2021	55.66	49.62	48.57	47.13	46.61	44.78	44.84(0.12%)	DP	OpenShort	-75	-1	-59	-310	-42	-109	11.02	37%	-0.29	-45.8	3.15%	-0.9	-2.2	26	1
8	Jul_14_2021	55.82	49.85	49.32	47.8	47.68	46.22	44.79(-6.13%)	DT	OpenShort	-75	-1.6	-64	-220	-53	-95	12.83	37%	-0.29	-56.7	3.17%	-2.2	-2.7	29	1.6
9	Jul_13_2021	55.98	50.08	50.08	48.58	48.55	48.44	47.71(-2.97%)	DT	OpenShort	-75	-0.6	-34	-20	-24	-64	6.36	40%	-0.23	-76	3.08%	-2	-1.5	40	1.2
10	Jul_12_2021	56.11	50.24	50.58	49.34	48.79	49.15	49.17(0.1%)	DP	OpenShort	-75	-0.1	-9	20	-3	-28	4.49	37%	-0.2	-76.1	3.08%	1.2	-0.7	54	1.2

11	Jul_9_2021	56.22	50.43	50.82	49.76	49.38	48.66	49.12(1.91%)	DP	OpenShort	-75	-0.4	-9	-120	-8	-10	9.69	37%	-0.18	-56.6	3.18%	0.2	-0.8	59	1.1
12	Jul_8_2021	56.32	50.65	51.04	50.29	49.92	48.44	48.2(-1.04%)	DT	OpenShort	-75	-1.2	-35	-230	-44	-7	7	37%	-0.18	-34.6	3.18%	-1.2	-1.5	49	-0.1
13	Jul_7_2021	56.42	50.96	51.32	51.09	50.81	50.09	48.71(-5.43%)	CR	SmallShort	-20	-1.3	-23	-120	-37	19	9.35	37%	-0.23	-11.7	3.19%	-1.9	-1.3	53	1
14	Jul_6_2021	56.55	51.28	51.52	51.76	51.68	51.39	51.5(0.43%)	UD	OpenLong	65	-0.1	9	-40	-6	53	5.5	39%	-0.16	12.2	3.13%	-0.2	0.1	69	0.9
15	Jul_2_2021	56.64	51.37	51.29	51.99	51.83	51.53	51.28(-0.95%)	UD	OpenLong	65	-0.4	5	-50	-11	52	5.68	39%	-0.14	23.6	3.12%	-0.9	-0	52	1.5

16	Jul_1_2021	56.72	51.33	51	52.04	52.18	51.98	51.77(-0.79%)	UD	OpenLong	75	-0.1	10	-20	-0	41	7.86	39%	-0.19	24	3.14%	-0.9	0.2	43	1.7
17	Jun_30_2021	56.83	51.23	50.75	51.91	52.12	52.13	52.18(0.21%)	UT	OpenLong	75	0.1	8	10	2	24	6.54	44%	-0.18	22.9	3.13%	-0.1	0.5	42	1.5
18	Jun_29_2021	56.93	51.17	50.42	51.6	51.85	52.38	52.07(-1.14%)	UD	OpenLong	75	0.2	10	90	12	2	7.42	39%	-0.19	23.9	3.2%	0.3	0.4	39	1.4
19	Jun_28_2021	57.04	51.05	50.06	51.23	51.48	52.11	52.67(2.21%)	N/A	N/A	0	0.7	14	100	26	-21	8.51	39%	-0.19	22.6	3.33%	1.5	0.8	38	1.7
20	Jun_25_2021	57.15	50.91	49.83	50.5	50.87	51.32	51.53(0.83%)	N/A	N/A	0	0.5	4	80	21	-47	12.03	39%	-0.21	24.7	3.35%	1.5	0.3	42	2

21	Jun_24_2021	57.27	50.86	49.94	49.8	50.24	50.86	51.11(0.99%)	N/A	N/A	0	0.6	0	110	18	-54	10.48	39%	-0.16	28.2	3.35%	0.9	0.1	53	1.7
22	Jun_23_2021	57.36	50.78	50.14	49.42	49.47	50.42	50.61(0.77%)	N/A	N/A	0	0.6	2	140	19	-50	10.99	39%	-0.16	36.4	3.37%	1.2	-0.1	54	1.7
23	Jun_22_2021	57.45	50.69	50.48	49.08	49.13	49.63	50.22(2.43%)	N/A	N/A	0	0.5	7	70	24	-44	7.68	39%	-0.07	40.6	3.38%	1.8	-0.2	49	1.4
24	Jun_21_2021	57.49	50.59	50.96	48.74	48.79	48.52	49.03(2.11%)	DP	OpenShort	-75	0.1	-15	-40	-5	-45	8.19	39%	-0.09	44.3	3.37%	0.4	-0.7	51	0.6
25	Jun_18_2021	57.54	50.41	51.41	49.07	48.67	48.63	48.02(-2.49%)	DT	OpenShort	-75	-0.4	-27	-30	-24	-35	10.86	43%		42.6	3.51%	-1.6	-0.9	47	-0.2
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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