Trading Signals: DKNG Stock Price Prediction and Forecast

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Tue. May. 18, 2021

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

(DraftKings Inc.)
DKNG latest price $44.2400 (1.74%) ($43.5500 - $44.2400) on Tue. May. 18, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.24% (three month average)
RSI   22
Latest Price   $44.2400(1.74%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   DKNG advances 0.1% a day on average for past five trading days.
Weekly Trend   DKNG declines -13.1% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support DKNG advance at 0% a week (0% probability)
IBUY(70%)    IWO(65%)    IPO(63%)    ONLN(63%)    ARKK(61%)
Factors Impacting DKNG price   DKNG will decline at least -2.12% in a week (0% probabilities).
VIXM(-33%)    UUP(-13%)    VXX(-8%)    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   -2.12% (StdDev 4.24%)
Hourly BBV 0.6 ()
Intraday Trend 0%

1 - 5 Day Possible Target   $22.93(-48.17%)
Resistance Level   $51.64
5 Day Moving Average   $43.19(2.43%)
10 Day Moving Average   $46(-3.83%)
20 Day Moving Average   $51.64(-14.33%)
To recent high   -39.2%
To recent low   7.4%
Market Cap   $15.672b

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 12.7% (three month std-dev: 4.24%) daily (68% of days).

Sample size 17 Average positive next day return: 1.6%(41%) Average negative next day return: -2.35%(59%) Sample size 17 Average positive next three day return: 9.41%(35%) Average negative next three day return: -9.23%(65%) Sample size 17 Average positive next weekly return: 8.17%(41%) Average negative next weekly return: -9.18%(59%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210618

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	May_18_2021	58	51.64	46	43.19	43.41	43.78	44.24(1.74%)	DP	OpenShort	-75	0.2	-47	70	-1	-186	15.08	50%	-0.09	-52.9	4.24%	0.6	-1.1	22	0.4
2	May_17_2021	58.05	52.25	47.07	43.17	42.92	44.2	43.49(-3.19%)	DP	OpenShort	-65	0.1	-41	190	9	-190	16.92	50%	-0.26	-57.3	4.23%	0.3	-1.4	21	0.2
3	May_14_2021	58.2	52.93	48.39	43.51	43.09	43.05	44.92(9.08%)	DP	OpenShort	-65	0.2	-42	-40	8	-191	27.6	50%	-0.14	-60.2	4.19%	1.6	-1.3	22	0.5
4	May_13_2021	58.28	53.61	49.52	44.24	43.16	41.64	41.18(-2.19%)	DT	HoldShort	-65	-0.5	-96	-320	-56	-217	22.96	46%	-0.22	-63.4	4.05%	-1.3	-2.1	13	-2
5	May_12_2021	58.41	54.47	51.17	46.45	45	43.13	42.1(-4.65%)	DT	HoldShort	-65	-0.8	-97	-380	-66	-189	26.94	46%	-0.19	-64.8	4.08%	-1.4	-2.4	17	-3.7

6	May_11_2021	58.52	55.36	52.96	49.26	47.54	44.69	44.16(-2.34%)	DT	HoldShort	-65	-1.2	-91	-520	-71	-152	28.02	46%	-0.15	-64.3	4.06%	-0.9	-2.6	17	-0.5
7	May_10_2021	58.61	56.17	54.52	51.56	50.54	46.87	45.22(-6.82%)	DT	OpenShort	-75	-1.8	-93	-570	-84	-118	40.64	46%	-0.15	-68.9	4.1%	-1.3	-3.1	29	1
8	May_7_2021	58.7	56.86	55.98	53.94	53.15	50.39	48.53(-7.12%)	DT	OpenShort	-75	-2	-79	-410	-79	-79	44.34	49%	-0.12	-74.5	3.97%	-1.5	-3	33	2
9	May_6_2021	58.77	57.58	57	55.56	55.29	54.2	52.25(-6.97%)	DT	OpenShort	-75	-1.6	-40	-150	-39	-41	26.28	52%	-0.03	-80.2	3.91%	-1.3	-2.6	36	0.8
10	May_5_2021	58.79	58.03	57.55	56.57	56.39	55.91	56.16(0.9%)	DP	OpenShort	-75	-0.2	-16	-70	-15	-18	10.59	55%	0.1	-77.6	3.85%	0.1	-1	47	0.8

11	May_4_2021	58.73	58.32	57.79	57.28	56.68	56.38	55.66(-2.52%)	DT	OpenShort	-75	-0.8	-18	-70	-20	-10	17.1	58%	0.09	-57.4	3.85%	-0.5	-1.3	41	0.4
12	May_3_2021	58.68	58.71	57.86	57.98	57.68	56.86	57.1(0.85%)	DP	OpenShort	-75	-0.4	-8	-120	-9	-4	14.61	58%	0.14	-36.7	3.89%	-0	-0.7	43	1.1
13	Apr_30_2021	58.6	58.98	57.81	58.39	58.2	56.98	56.62(-1.24%)	DT	OpenShort	-75	-0.8	-22	-160	-26	-8	9.84	61%	0.12	-32.6	3.96%	-1.2	-1.1	47	0.7
14	Apr_29_2021	58.53	59.28	57.96	58.66	58.84	58.51	57.33(-3.94%)	DT	OpenShort	-75	-0.6	-11	-30	-12	-9	15.02	61%	0.14	-34.7	3.99%	-1.3	-0.9	37	1.3
15	Apr_28_2021	58.45	59.49	57.98	58.63	58.99	59.43	59.68(0.86%)	N/A	N/A	0	0.5	5	70	10	-9	7.14	62%	0.17	-46	3.98%	0.8	0.1	45	1.3

16	Apr_27_2021	58.35	59.56	57.87	58.39	58.36	59.17	59.17(0.02%)	N/A	N/A	0	0.3	7	100	15	-18	11.95	62%	0.19	-64.3	4%	0.6	-0.2	42	1.3
17	Apr_26_2021	58.24	59.52	57.86	57.73	58.2	58.56	59.16(2.08%)	N/A	N/A	0	0.6	10	70	24	-34	7.54	63%	0.19	-96.6	4%	2	-0.2	38	1.2
18	Apr_23_2021	58.13	59.7	57.73	57.17	57.38	57.56	57.96(1.39%)	DP	OpenShort	-75	0.3	-17	30	-1	-63	9.42	63%	0.14	-115.1	4.03%	0.1	-0.7	38	1.2
19	Apr_22_2021	58.05	60.07	58.12	57.19	56.99	57.84	57.16(-2.27%)	DP	OpenShort	-65	-0	-11	90	6	-61	12.45	63%	0.1	-106.9	4.06%	0.4	-1.1	36	0.8
20	Apr_21_2021	57.99	60.55	58.5	57.24	57.21	57.19	58.49(4.71%)	DP	OpenShort	-65	0.4	-4	-0	14	-59	11.29	63%	0.14	-102.2	4.05%	1.8	-0.7	42	1.7

21	Apr_20_2021	57.91	61.06	58.82	57.32	56.93	56.13	55.86(-0.96%)	DT	OpenShort	-75	-0.4	-37	-120	-25	-74	11.45	63%	0.07	-86.1	4.01%	-0.8	-1.5	36	1
22	Apr_19_2021	57.87	61.82	59.6	58	57.68	57.22	56.4(-2.83%)	DT	OpenShort	-75	-0.4	-24	-70	-15	-49	15.14	61%	0.07	-67.9	4.03%	-1.2	-1.4	49	1.3
23	Apr_16_2021	57.83	62.62	60.25	58.34	58.4	57.73	58.04(1.09%)	DP	OpenShort	-75	-0.1	-20	-80	-12	-45	14.47	61%	0	-59.2	4.05%	-0.5	-1.1	40	1.8
24	Apr_15_2021	57.83	63.09	60.72	59.2	58.42	58.14	57.42(-2.47%)	DT	OpenShort	-75	-0.4	-32	-70	-27	-46	8.86	61%	0.14	-59	4.09%	-1.5	-1.3	34	1.8
25	Apr_14_2021	57.75	63.75	61.17	59.94	59.65	59.08	58.87(-0.71%)	DT	OpenShort	-75	-0.2	-13	-80	-4	-39	9.94	61%		-53.4	4.09%	-0	-1.1	34	1.4
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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