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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
DraftKings Inc. - Class A (NASDAQ:DKNG)
Bull Market Weakness (+75) - DKNG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKNG as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DKNG?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKNG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DKNG
The long-term trend has been UP since Feb 2nd, 2023 at 17.25
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 43.56
The short-term trend has been UP since May 3rd, 2024 at 43.02
Smart Scan Analysis for DKNG
Based on our trend formula, DKNG is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 43.00 | 43.28 | 42.31 | 42.76 | -0.54 |
| Prev. Close | Volume | Bid | Ask | Time |
| 42.81 | 5448395 | 2024-05-08 15:59:42 |
| 52wk High | 49.57 | 52wk High Date | 2024-03-27 |
| 52wk Low | 22.65 | 52wk Low Date | 2023-05-18 |
| Average Volume | 10,092,113 | Shares Outstanding | 869,238 |
| Assets | 380,065,300M | Liabilities | 296,967,400M |
| P/E Ratio | -3.20990000 |