Trading Signals: DKNG Stock Price Prediction and Forecast

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Wed. Jul. 26, 2023

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

(DraftKings Inc.)
DKNG latest price $31.5050 (1.99%) ($31.5050 - $31.5050) on Wed. Jul. 26, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.2% (three month average)
RSI   85
Latest Price   $31.5050(1.99%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   DKNG advances 0.4% a day on average for past five trading days.
Weekly Trend   DKNG advances 4.6% a week on average for past two weeks.
Market Behavior   Normal for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support DKNG advance at 0% a week (0% probability)
ARKK(63%)    PEJ(60%)    VFMO(60%)    BOTZ(59%)    XLY(58%)
Factors Impacting DKNG price   DKNG will decline at least -1.6% in a week (0% probabilities).
VIXM(-50%)    VXX(-49%)    TBT(-25%)    UUP(-21%)    USO(-12%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.6% (StdDev 3.2%)
Hourly BBV 0.8 ()
Intraday Trend 0%

5 Day Moving Average   $30.97(1.73%)
10 Day Moving Average   $31.02(1.56%)
20 Day Moving Average   $29.19(7.93%)
To recent high   0%
To recent low   54.3%
Market Cap   $11.161b

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 7.81% (three month std-dev: 3.2%) daily (68% of days).

Sample size 45 Average positive next day return: 3.4%(42%) Average negative next day return: -1.82%(58%) Sample size 45 Average positive next three day return: 4.09%(49%) Average negative next three day return: -4.15%(51%) Sample size 45 Average positive next weekly return: 5.9%(44%) Average negative next weekly return: -4.08%(56%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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_26_2023	23.28	29.19	31.02	30.97	31.02	31.2	31.51(1.99%)	UT	HoldLong	65	0.2	32	50	12	90	6.27	78%	0.52	64.5	3.2%	0.8	1	85	1.9
2	Jul_25_2023	23.16	28.92	30.92	30.84	30.82	30.73	30.89(0.88%)	UD	OpenLong	65	0	25	-20	-3	107	9.36	78%	0.56	65.4	3.24%	-0.4	0.9	76	1.2
3	Jul_24_2023	23.03	28.64	30.75	30.92	30.78	30.83	30.62(-1.54%)	UD	OpenLong	65	-0.1	28	-0	-6	129	6.88	78%	0.52	66.7	3.25%	-2.1	0.8	74	1.6
4	Jul_21_2023	22.91	28.37	30.59	31.07	30.97	30.91	31.1(1.25%)	UT	OpenLong	75	0	42	-20	4	157	5.74	78%	0.57	67.8	3.26%	0.6	1.1	74	1.1
5	Jul_20_2023	22.78	28.08	30.17	30.96	31.03	30.72	30.72(-0.44%)	UD	OpenLong	65	-0.1	35	-60	-6	156	5.31	78%	0.57	66.2	3.28%	-1	1.1	74	1.4

6	Jul_19_2023	22.65	27.79	29.66	31.07	31	31.03	30.85(-1.5%)	UD	OpenLong	65	-0.1	37	0	-5	164	8.82	78%	0.53	67.6	3.28%	-0.9	1.3	76	1.5
7	Jul_18_2023	22.53	27.49	29.2	31	31.15	31.33	31.32(-0.08%)	UD	OpenLong	75	0.1	57	50	17	178	5.76	80%	0.58	68.3	3.27%	0.8	1.6	77	1.9
8	Jul_17_2023	22.4	27.14	28.7	30.54	30.95	31.33	31.35(2.47%)	UT	HoldLong	65	0.4	53	40	15	166	7.37	80%	0.63	64.5	3.39%	0.8	1.9	79	1.4
9	Jul_14_2023	22.26	26.8	28.21	30.04	30.36	30.97	30.59(-2.08%)	UD	OpenLong	75	0.3	58	170	22	166	7.72	80%	0.54	62.2	3.38%	-1.3	1.8	78	1.2
10	Jul_13_2023	22.14	26.56	27.77	29.23	29.8	30.92	31.24(2.46%)	UT	HoldLong	65	1.1	80	320	54	158	12.16	80%	0.54	56.3	3.36%	1	2.5	78	1

11	Jul_12_2023	22.02	26.25	27.19	28.03	28.6	29.75	30.49(5.08%)	UT	HoldLong	65	1.5	64	340	47	116	18.1	80%	0.5	46.5	3.36%	1.2	2.7	78	1.1
12	Jul_11_2023	21.91	25.96	26.71	27.15	27.28	28.67	29.02(0.57%)	UT	OpenLong	75	1.5	50	370	37	88	11.71	79%	0.37	40.3	3.33%	1.1	2.5	75	-0.3
13	Jul_10_2023	21.83	25.77	26.31	26.6	26.55	27.44	28.85(8.6%)	UT	HoldLong	65	2.3	47	230	38	73	15.62	79%	0.41	40.2	3.33%	1.6	3.2	76	-0.5
14	Jul_7_2023	21.74	25.57	25.91	26.14	26.55	25.9	26.57(5.27%)	UT	OpenLong	75	0.7	16	-50	5	47	9.02	76%	0.42	53.6	3.17%	1.4	1.6	65	-0.3
15	Jul_6_2023	21.65	25.57	25.79	26.1	26.04	25.66	25.24(-3.26%)	N/A	N/A	0	-1.5	-1	-110	-13	34	6.84	74%	0.37	77.5	3.14%	-1.4	-0.5	42	-0.6

16	Jul_5_2023	21.57	25.53	25.78	26.19	26.31	26.18	26.09(-0.7%)	UD	OpenLong	65	-0.2	9	-20	-2	40	6.01	71%	0.7	97	3.1%	-1	0.9	54	0.9
17	Jul_3_2023	21.42	25.48	25.66	26.16	26.21	26.41	26.27(-1.07%)	UD	OpenLong	75	0.2	14	60	5	40	6.24	71%	0.52	108.3	3.18%	0	1.4	61	1.2
18	Jun_30_2023	21.31	25.39	25.49	25.95	26.13	26.45	26.56(0.8%)	UT	OpenLong	75	1.1	20	110	17	30	6.46	71%	0.52	105.9	3.17%	0.6	2.1	56	1
19	Jun_29_2023	21.2	25.23	25.32	25.65	25.8	26.01	26.35(2.53%)	UT	OpenLong	75	1.3	12	70	11	14	10.85	74%	0.43	87.6	3.17%	0.6	2.1	58	1
20	Jun_28_2023	21.11	25.08	25.28	25.46	25.47	25.81	25.7(-0.93%)	UD	OpenLong	75	0.4	8	90	8	7	5.25	74%	0.38	51.8	3.27%	0.1	1	48	1.2

21	Jun_27_2023	21.03	24.97	25.25	25.31	25.41	25.6	25.94(2.75%)	UT	OpenLong	75	0.9	13	60	15	5	5.88	74%	0.43	35.1	3.28%	1.9	1.3	54	1.1
22	Jun_26_2023	20.94	24.86	25.15	25.09	25.16	25.13	25.24(0.92%)	N/A	N/A	0	0.2	0	0	3	-9	5.97	74%	0.43	25.2	3.27%	-0.2	0.5	53	1
23	Jun_23_2023	20.85	24.81	25.18	24.96	25.06	25.22	25.01(-1.63%)	N/A	N/A	0	0.1	-0	60	2	-7	13.1	74%	0.43	25.5	3.27%	-0.2	0.3	55	1.1
24	Jun_22_2023	20.76	24.77	25.19	24.93	24.95	25.19	25.43(1.86%)	UT	OpenLong	75	0.6	2	70	2	2	8.11	70%	0.44	31.3	3.26%	1.3	0.8	65	1.4
25	Jun_21_2023	20.67	24.76	25.23	25.08	24.85	24.9	24.96(0.58%)	UD	OpenLong	65	-0.1	4	-10	-3	24	7.1	72%		46.6	3.31%	1.8	0.2	63	1.3
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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