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Stock Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
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.
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MarketClub’s Trade Triangles for DKNG
The long-term trend has been UP since Feb 2nd, 2023 at 17.2500
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 43.5600
The short-term trend has been DOWN since Apr 9th, 2024 at 45.0532
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).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 44.8200 | 45.4499 | 43.3300 | 43.7000 | -0.5200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 43.7200 | 6893390 | 2024-04-15 15:59:48 |
| 52wk High | 49.57 | 52wk High Date | 2024-03-27 |
| 52wk Low | 19.1 | 52wk Low Date | 2023-04-17 |
| Average Volume | 11,154,013 | Shares Outstanding | 859,256 |
| Assets | 394,486,600M | Liabilities | 310,456,000M |
| P/E Ratio | -3.20990000 |
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