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Stock Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

DraftKings Inc. - Class A (NASDAQ:DKNG)

Long-Term Downtrend (-90) - DKNG is in a strong downtrend that is likely to continue. While DKNG is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
36.3200 37.0600 35.7500 36.8112 +0.2012
Entry Signal

MarketClub’s Trade Triangles for DKNG

long term down The long-term trend has been DOWN since May 28th, 2024 at 38.72

intermediate term down The intermediate-term trend has been DOWN since May 23rd, 2024 at 41.01

short term down The short-term trend has been DOWN since May 20th, 2024 at 44.17

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).

-90
Smart Scan Analysis for DKNG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.3200 37.0600 35.7500 36.8112 +0.2012
Prev. Close Volume Bid Ask Time
36.6100 4764433 2024-05-29 10:48:23
52wk High49.5752wk High Date2024-03-27
52wk Low22.9252wk Low Date2023-05-31
Average Volume9,717,611Shares Outstanding869,238
Assets380,065,300MLiabilities296,967,400M
P/E Ratio-3.20990000
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