DRAFTKINGS INC. - Daily - Technical analysis published on 04/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 19.82 USD
My targets
15.26 USD (-9.22%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DRAFTKINGS INC. as long as the price remains well below 19.82 USD. The next bearish objective for sellers is set at 15.26 USD. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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Additional analysis
Quotes
The DRAFTKINGS INC. price is 16.81 USD. On the day, this instrument lost -2.27% and was between 16.41 USD and 17.15 USD. This implies that the price is at +2.44% from its lowest and at -1.98% from its highest.16.41
17.15
16.81
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DRAFTKINGS INC.:
Technical
A technical analysis in Daily of this DRAFTKINGS INC. chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 15.26 | 16.81 | 23.67 | 29.50 | 40.99 |
| Change (%) | -9.22% | - | +40.81% | +75.49% | +143.84% |
| Change | -1.55 | - | +6.86 | +12.69 | +24.18 |
| Level | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.90 | 15.69 | 16.45 | 17.24 | 18.00 | 18.79 | 19.55 |
| Camarilla | 16.77 | 16.92 | 17.06 | 17.20 | 17.34 | 17.48 | 17.63 |
| Woodie | 14.88 | 15.68 | 16.43 | 17.23 | 17.98 | 18.78 | 19.53 |
| Fibonacci | 15.69 | 16.29 | 16.65 | 17.24 | 17.84 | 18.20 | 18.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.74 | 15.68 | 17.37 | 19.31 | 21.00 | 22.94 | 24.63 |
| Camarilla | 18.05 | 18.39 | 18.72 | 19.05 | 19.38 | 19.72 | 20.05 |
| Woodie | 13.61 | 15.62 | 17.24 | 19.25 | 20.87 | 22.88 | 24.50 |
| Fibonacci | 15.68 | 17.07 | 17.93 | 19.31 | 20.70 | 21.56 | 22.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.58 | 9.78 | 14.62 | 19.82 | 24.66 | 29.86 | 34.70 |
| Camarilla | 16.71 | 17.63 | 18.55 | 19.47 | 20.39 | 21.31 | 22.23 |
| Woodie | 4.41 | 9.69 | 14.45 | 19.73 | 24.49 | 29.77 | 34.53 |
| Fibonacci | 9.78 | 13.61 | 15.98 | 19.82 | 23.65 | 26.02 | 29.86 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.31 | |
| MACD (12,26,9): | -0.5400 | |
| Directional Movement: | -9.04 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 18.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.99 | |
| Elder Ray (13): | -1.79 | |
| Super Trend (3,10): | 21.06 | |
| Zig ZAG (10): | 17.01 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 13.39 | |
| TEMA (21): | 18.32 | |
| Williams %R (14): | -87.84 | |
| Chande Momentum Oscillator (20): | -1.91 | |
| Repulse (5,40,3): | -4.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3000 | |
| Courbe Coppock: | 3.40 |
| MA7: | 18.55 | |
| MA20: | 18.62 | |
| MA50: | 20.11 | |
| MA100: | 24.35 | |
| MAexp7: | 18.18 | |
| MAexp20: | 18.83 | |
| MAexp50: | 20.68 | |
| MAexp100: | 25.56 | |
| Price / MA7: | -9.38% | |
| Price / MA20: | -9.72% | |
| Price / MA50: | -16.41% | |
| Price / MA100: | -30.97% | |
| Price / MAexp7: | -7.54% | |
| Price / MAexp20: | -10.73% | |
| Price / MAexp50: | -18.71% | |
| Price / MAexp100: | -34.23% |
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 Adds Baseball Personality Jared Carrabis to Its Media Talent Lineup
- DraftKings, Mashantucket Pequot Tribal Nation and Foxwoods Resort Casino to Expand Relationship, Paving the Way to Bring DraftKings Sportsbook to Puerto Rico
- DraftKings Marketplace Announces “Primetime NFT Series” Celebrating Sports’ Biggest Moments
- DraftKings to Deliver Sports Betting Programming during Sunday’s Bracket Reveal Through DraftKings’ YouTube Channel and VSiN
- DraftKings Announces Jason Park’s Participation in Upcoming Virtual Event
This member declared not having a position on this financial instrument or a related financial instrument.
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