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. - 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

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 finacian. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : Daily


Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
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
Standard14.9015.6916.4517.2418.0018.7919.55
Camarilla16.7716.9217.0617.2017.3417.4817.63
Woodie14.8815.6816.4317.2317.9818.7819.53
Fibonacci15.6916.2916.6517.2417.8418.2018.79


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.7415.6817.3719.3121.0022.9424.63
Camarilla18.0518.3918.7219.0519.3819.7220.05
Woodie13.6115.6217.2419.2520.8722.8824.50
Fibonacci15.6817.0717.9319.3120.7021.5622.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.589.7814.6219.8224.6629.8634.70
Camarilla16.7117.6318.5519.4720.3921.3122.23
Woodie4.419.6914.4519.7324.4929.7734.53
Fibonacci9.7813.6115.9819.8223.6526.0229.86

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 : - 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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