| DKNG latest price $39.4100 (5.15%) ($38.3300 - $40.7900) on Wed. Nov. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.08% (three month average) |
RSI | 33 |
Latest Price | $39.4100(5.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DKNG advances 0.7% a day on average for past five trading days. |
Weekly Trend | DKNG declines -7.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(68%) IWO(63%) ONLN(62%) IPO(61%) ARKK(59%) |
Factors Impacting DKNG price | DKNG will decline at least -2.54% in a week (0% probabilities). VIXM(-33%) UUP(-14%) VXX(-10%) EDOC(-9%) IGOV(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.54% (StdDev 5.08%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
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