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Stock Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

DraftKings Inc. - Class A (NASDAQ:DKNG)

Crossroads (-60) - DKNG is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

NASDAQ_DKNG
Open High Low DKNG Price Change
38.170 38.535 37.650 38.490 -0.080
Entry Signal

MarketClub’s Trade Triangles for DKNG

long term up The long-term trend has been UP since Nov 11th, 2024 at 42.31

intermediate term down The intermediate-term trend has been DOWN since Dec 13th, 2024 at 39.94

short term down The short-term trend has been DOWN since Dec 6th, 2024 at 43.08

Smart Scan Analysis for DKNG

Based on our trend formula, DKNG is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for DKNG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.170 38.535 37.650 38.490 -0.080
Prev. Close Volume Bid Ask Time
38.570 3229477 2024-12-26 14:40:30
52wk High49.5752wk High Date2024-03-27
52wk Low28.6952wk Low Date2024-08-05
Average Volume7,701,192Shares Outstanding880,642
Assets427,297,600MLiabilities319,686,000M
P/E Ratio-3.20990000
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