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Stock Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

DraftKings Inc. - Class A (NASDAQ:DKNG)

Long-Term Uptrend (+90) - DKNG is in a strong uptrend that is likely to continue. While DKNG is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

Open High Low DKNG Price Change
25.040 26.310 25.010 25.985 +0.685
Entry Signal

MarketClub’s Trade Triangles for DKNG

long term up The long-term trend has been UP since Feb 2nd, 2023 at 17.250

intermediate term up The intermediate-term trend has been UP since Apr 17th, 2023 at 19.570

short term up The short-term trend has been UP since Jun 1st, 2023 at 24.218

Smart Scan Analysis for DKNG

Based on our trend formula, DKNG is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for DKNG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.040 26.310 25.010 25.985 +0.685
Prev. Close Volume Bid Ask Time
25.980 9842392 2023-06-06 15:59:53
52wk High26.40552wk High Date2023-05-22
52wk Low10.51552wk Low Date2022-06-16
Average Volume13,036,013Shares Outstanding854,880
P/E Ratio-3.20990000
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