DRAFTKINGS INC.
DRAFTKINGS INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: DKNG
ISIN:

DRAFTKINGS INC. - 15 min. - Technical analysis published on 03/11/2022 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 17.43 USD
My targets
18.08 USD (+2.86%)
18.59 USD (+5.73%)
My analysis
The strong short-term increase in DRAFTKINGS INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 17.43 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 18.08 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.59 USD as an objective. Crossing it would then enable buyers to target 19.24 USD. Caution, a return under 17.43 USD could jeopardize the reversal.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Sueyoshi. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The DRAFTKINGS INC. price is 17.58 USD. On the day, this instrument lost -1.13% and was traded between 16.77 USD and 17.93 USD over the period. The price is currently at +4.83% from its lowest and -1.95% from its highest.

16.77
17.93
17.58

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 15 min. of this DRAFTKINGS INC. chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 17.29 17.58 18.15 20.33 22.05
Change (%) -1.65% - +3.24% +15.64% +25.43%
Change -0.29 - +0.57 +2.75 +4.47
Level Major - Minor Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.7616.2716.9217.4318.0818.5919.24
Camarilla17.2617.3717.4717.5817.6917.7917.90
Woodie15.8416.3117.0017.4718.1618.6319.32
Fibonacci16.2716.7116.9817.4317.8718.1418.59


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.5117.4819.0822.0523.6526.6228.22
Camarilla19.4319.8520.2720.6921.1121.5321.95
Woodie13.8417.1418.4121.7122.9826.2827.55
Fibonacci17.4819.2220.3022.0523.7924.8726.62


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.4113.4918.5821.6626.7529.8334.92
Camarilla21.4322.1822.9323.6824.4325.1825.93
Woodie11.4313.9919.6022.1627.7730.3335.94
Fibonacci13.4916.6118.5421.6624.7826.7129.83

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): 60.85
MACD (12,26,9): 0.0200
Directional Movement: 13.69
AROON (14): 50.00
DEMA (21): 17.32
Parabolic SAR (0,02-0,02-0,2): 17.17
Elder Ray (13): 0.21
Super Trend (3,10): 16.99
Zig ZAG (10): 17.59
VORTEX (21): 1.1500
Stochastique (14,3,5): 69.07
TEMA (21): 17.46
Williams %R (14): -35.05
Chande Momentum Oscillator (20): 0.50
Repulse (5,40,3): 0.9900
ROCnROLL: -1
TRIX (15,9): -0.0600
Courbe Coppock: 4.47
MA7: 19.37
MA20: 20.97
MA50: 22.42
MA100: 30.06
MAexp7: 17.46
MAexp20: 17.34
MAexp50: 17.51
MAexp100: 18.11
Price / MA7: -9.24%
Price / MA20: -16.17%
Price / MA50: -21.59%
Price / MA100: -41.52%
Price / MAexp7: +0.74%
Price / MAexp20: +1.44%
Price / MAexp50: +0.46%
Price / MAexp100: -2.87%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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