| DKNG latest price $31.1850 (2.8%) ($31.1850 - $31.2000) on Thu. Sep. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3% (three month average) |
RSI | 89 |
Latest Price | $31.1850(2.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DKNG advances 1% a day on average for past five trading days. |
Weekly Trend | DKNG advances 5.5% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support DKNG advance at 0% a week (0% probability) ARKK(65%) PEJ(65%) SKYY(62%) VFMO(62%) IPO(61%) |
Factors Impacting DKNG price | DKNG will decline at least -1.5% in a week (0% probabilities). VXX(-51%) VIXM(-51%) TBT(-24%) UUP(-20%) USO(-15%) |
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 | -1.5% (StdDev 3%) |
Hourly BBV | 2.4 () |
Intraday Trend | 0% |
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