Trading Signals: DKNG Stock Price Prediction and Forecast

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Fri. Dec. 22, 2023

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

(DraftKings Inc.)
DKNG latest price $35.8950 (2.45%) ($35.8950 - $35.8950) on Fri. Dec. 22, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.37% (three month average)
RSI   42
Latest Price   $35.8950(2.45%)
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 stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support DKNG advance at 0% a week (0% probability)
XAR(93%)    SPLV(92%)    IVE(91%)    XLP(89%)    XLV(89%)
Factors Impacting DKNG price   DKNG will decline at least -1.685% in a week (0% probabilities).
VXX(-69%)    TLT(-39%)    TIP(-18%)    VCIT(-4%)    ACES(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.685% (StdDev 3.37%)
Hourly BBV 0 ()
Intraday Trend 0%

1 - 5 Day Possible Target   $28.86(-19.6%)
Resistance Level   $36.52
5 Day Moving Average   $35.25(1.83%)
10 Day Moving Average   $35.8(0.27%)
20 Day Moving Average   $36.52(-1.71%)
To recent high   -7.9%
To recent low   37%
Market Cap   $12.716b

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 3.7% (three month std-dev: 3.37%) daily (68% of days).

Sample size 22 Average positive next day return: 2.15%(41%) Average negative next day return: -2.69%(59%) Sample size 22 Average positive next three day return: 4.25%(45%) Average negative next three day return: -3.21%(55%) Sample size 22 Average positive next weekly return: 6.65%(59%) Average negative next weekly return: -6.47%(41%)

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	Dec_22_2023	31.67	36.52		35.25	35.28	35.47	35.9(2.45%)	N/A	N/A	0	0.5	6	40	14	-19	5.38	56%	0.19	-59.5	3.37%	0	-0.5	42	1.4
2	Dec_21_2023	31.61	36.66	35.8	35.15	35.09	34.74	35.04(1.73%)	DP	OpenShort	-75	-0.1	-19	-70	-10	-45	8.79	54%	0.13	-56.7	3.4%	-0.5	-1.2	30	0.6
3	Dec_20_2023	31.57	36.84	35.85	35.38	35.18	35.09	34.44(-3.64%)	DT	OpenShort	-75	-0.7	-28	-30	-19	-54	10.54	54%	0.1	-45.9	3.45%	-3	-1.7	33	0.3
4	Dec_19_2023	31.54	37.04	36.03	35.98	35.6	35.45	35.74(1.68%)	DP	OpenShort	-75	-0.2	-13	-60	-3	-43	7.36	53%	0.13	-33.2	3.41%	0.9	-1	36	0.7
5	Dec_18_2023	31.5	37.18	36.09	36.16	35.95	35.28	35.15(-0.71%)	DT	OpenShort	-75	-0.8	-24	-150	-15	-51	6.96	53%	0.1	-19.2	3.45%	-1	-1.6	32	0.8

6	Dec_15_2023	31.47	37.35	36.3	36.42	36.32	35.76	35.4(-2.13%)	DT	OpenShort	-75	-0.8	-25	-120	-16	-52	12.19	53%	0.16	-2.2	3.44%	-1.5	-1.6	31	0.8
7	Dec_14_2023	31.42	37.45	36.64	36.52	36.58	36.62	36.17(-3.37%)	DT	OpenShort	-75	-0.3	-12	10	-1	-43	19.69	53%	0.13	10	3.43%	-0.7	-1.1	34	1.6
8	Dec_13_2023	31.38	37.49	36.84	36.37	36.52	36.88	37.43(2.11%)	DP	OpenShort	-65	1	-1	80	13	-44	10.72	53%	0.22	9.3	3.41%	3.4	-0.1	39	1.4
9	Dec_12_2023	31.31	37.47	36.9	36.09	36.11	36.55	36.66(0.6%)	DP	OpenShort	-65	0.5	-8	90	8	-55	6.9	52%	0.19	6.8	3.4%	1.4	-0.7	39	1.6
10	Dec_11_2023	31.25	37.43	37.05	36.04	35.95	36.17	36.44(1.5%)	DP	OpenShort	-65	0.3	-11	40	5	-59	8.08	52%	0.16	7.4	3.43%	1.3	-0.9	35	1.4

11	Dec_8_2023	31.2	37.37	37.28	36.2	35.94	35.67	35.9(1.26%)	DP	OpenShort	-75	-0.2	-25	-70	-13	-61	8.03	52%	0.19	15	3.43%	0.4	-1.2	33	1.2
12	Dec_7_2023	31.14	37.34	37.56	36.81	36.27	35.73	35.45(-1.57%)	DT	OpenShort	-75	-1	-29	-150	-23	-45	8.59	52%	0.13	47	3.44%	-1.6	-1.4	41	1
13	Dec_6_2023	31.1	37.38	37.91	37.36	37.15	36.21	36.02(-1.06%)	DT	OpenShort	-75	-1	-21	-190	-20	-22	16.34	52%	0.16	92.4	3.44%	-0.6	-1	50	1.2
14	Dec_5_2023	31.05	37.39	38.14	37.81	37.7	36.81	36.4(-2.19%)	DT	OpenShort	-75	-1.1	-23	-170	-28	-9	12.02	52%	0.16	132.9	3.45%	-1.1	-0.7	50	1.3
15	Dec_4_2023	31	37.34	38.38	38.19	38.16	38.1	37.22(-4.53%)	N/A	N/A	0	-0.7	-6	-10	-14	20	15.44	52%	0.23	163.8	3.43%	-1.9	-0.1	65	1.4

16	Dec_1_2023	30.93	37.18	38.51	38.5	38.43	38.59	38.98(2.03%)	UT	HoldLong	65	0.3	18	20	7	52	7.38	54%	0.26	172.9	3.4%	1.4	1.1	81	1.3
17	Nov_30_2023	30.85	36.71	38.34	38.45	38.38	38.22	38.21(-0.05%)	UD	OpenLong	65	-0.1	13	-30	-3	59	8.05	54%	0.23	126.3	3.37%	-0.1	0.6	80	1.4
18	Nov_29_2023	30.78	36.2	38.2	38.55	38.51	38.27	38.23(-0.21%)	UD	OpenLong	65	-0.1	13	-50	-5	66	7.42	54%	0.33	99.1	3.38%	-0.3	0.7	65	1.3
19	Nov_28_2023	30.68	35.7	38.09	38.54	38.63	38.55	38.31(-1.28%)	UD	OpenLong	65	-0.1	15	-10	-4	72	11.41	54%	0.29	84.9	3.39%	-0.6	0.7	66	1.5
20	Nov_27_2023	30.59	35.16	37.84	38.61	38.6	38.76	38.8(0.23%)	UT	OpenLong	75	0	22	30	2	81	7.71	54%	0.43	76.1	3.39%	0.7	0.9	74	1.3

21	Nov_24_2023	30.46	34.57	37.47	38.51	38.56	38.72	38.71(-0.03%)	UD	OpenLong	75	0	29	30	9	90	4.04	54%	0.59	70.6	3.4%	0	1	78	1.4
22	Nov_22_2023	30.28	33.96	37.08	38.22	38.46	38.45	38.72(1.44%)	UT	HoldLong	65	0.1	36	20	10	113	6.33	54%	0.26	62.6	3.39%	0.7	1	87	1.2
23	Nov_21_2023	30.2	33.4	36.8	37.8	38.1	38.4	38.17(-1.2%)	UD	OpenLong	75	0.1	41	80	6	145	9.77	54%	0.4	60	3.39%	-0.6	1.1	89	1.3
24	Nov_20_2023	30.08	32.94	36.56	37.57	37.71	38.48	38.64(0.8%)	UT	HoldLong	65	0.2	66	150	24	193	9.81	54%	0.4	58.3	3.39%	1	1.3	88	1.4
25	Nov_17_2023	29.96	32.4	36.19	36.95	37.31	37.79	38.33(2.9%)	UT	HoldLong	65	0.3	79	120	30	225	13.75	52%		53.7	3.39%	1.2	1.4	89	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