Stock Trend Analysis Report
Prepared for you on Tuesday, October 27, 2020.
DraftKings Inc. - Class A (NASDAQ:DKNG)
Weak Downtrend (-65) - DKNG is showing signs of a strengthening downtrend. Monitor DKNG as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for DKNG
The long-term trend has been UP since May 6th, 2020 at 22.500
The intermediate-term trend has been DOWN since Oct 15th, 2020 at 47.101
The short-term trend has been DOWN since Oct 6th, 2020 at 58.600
Smart Scan Analysis for DKNG
Based on our trend formula, DKNG is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||49.88||52wk High Date||2020-09-15|
|52wk Low||9.84||52wk Low Date||2019-09-20|
|Average Volume||18,621,078||Shares Outstanding||748,569|