DRAFTKINGS INC. - 15 min. - Technical analysis published on 03/09/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 17.87 USD
My targets
17.37 USD (-2.32%)
16.95 USD (-4.65%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DRAFTKINGS INC.. As long as you are under the resistance located at 17.87 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 17.37 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 16.95 USD as an objective. Crossing it would then enable sellers to target 16.45 USD. If the resistance 17.87 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
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This analysis was given by Sueyoshi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DRAFTKINGS INC. price is 17.78 USD. The price registered an increase of +2.30% on the session with the lowest point at 17.46 USD and the highest point at 18.38 USD. The deviation from the price is +1.83% for the low point and -3.26% for the high point.17.46
18.38
17.78
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DRAFTKINGS INC.:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of DRAFTKINGS INC. in 15 min. shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16.56 | 17.29 | 17.78 | 20.33 | 22.05 | 23.69 |
| Change (%) | -6.86% | -2.76% | - | +14.34% | +24.02% | +33.24% |
| Change | -1.22 | -0.49 | - | +2.55 | +4.27 | +5.91 |
| Level | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.45 | 16.95 | 17.37 | 17.87 | 18.29 | 18.79 | 19.21 |
| Camarilla | 17.53 | 17.61 | 17.70 | 17.78 | 17.86 | 17.95 | 18.03 |
| Woodie | 16.40 | 16.93 | 17.32 | 17.85 | 18.24 | 18.77 | 19.16 |
| Fibonacci | 16.95 | 17.31 | 17.52 | 17.87 | 18.23 | 18.44 | 18.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.51 | 17.48 | 19.08 | 22.05 | 23.65 | 26.62 | 28.22 |
| Camarilla | 19.43 | 19.85 | 20.27 | 20.69 | 21.11 | 21.53 | 21.95 |
| Woodie | 13.84 | 17.14 | 18.41 | 21.71 | 22.98 | 26.28 | 27.55 |
| Fibonacci | 17.48 | 19.22 | 20.30 | 22.05 | 23.79 | 24.87 | 26.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.41 | 13.49 | 18.58 | 21.66 | 26.75 | 29.83 | 34.92 |
| Camarilla | 21.43 | 22.18 | 22.93 | 23.68 | 24.43 | 25.18 | 25.93 |
| Woodie | 11.43 | 13.99 | 19.60 | 22.16 | 27.77 | 30.33 | 35.94 |
| Fibonacci | 13.49 | 16.61 | 18.54 | 21.66 | 24.78 | 26.71 | 29.83 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.06 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -5.86 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 17.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.38 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 18.13 | |
| Zig ZAG (10): | 17.78 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 29.57 | |
| TEMA (21): | 17.95 | |
| Williams %R (14): | -82.98 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | -0.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.67 |
| MA7: | 20.22 | |
| MA20: | 21.26 | |
| MA50: | 22.62 | |
| MA100: | 30.37 | |
| MAexp7: | 17.87 | |
| MAexp20: | 17.88 | |
| MAexp50: | 18.03 | |
| MAexp100: | 18.71 | |
| Price / MA7: | -12.07% | |
| Price / MA20: | -16.37% | |
| Price / MA50: | -21.40% | |
| Price / MA100: | -41.46% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -1.39% | |
| Price / MAexp100: | -4.97% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on DRAFTKINGS INC. at the time of the analysis were as follows:
- DraftKings Announces Jason Park’s Participation in Upcoming Virtual Event
- DraftKings Joins Forces With Zero Hash to Earn Staking Rewards on Polygon
- DraftKings Reports Fourth Quarter Revenue of $473 Million; Increases 2022 Revenue Guidance to $1.85 Billion to $2.0 Billion; Introduces 2022 Adjusted EBITDA Guidance
- DraftKings to Host Virtual Investor Day
- DraftKings Mobile Sportsbook Set to Launch Friday in Louisiana
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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