Stock Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 Aug 25th, 2021 at 58.32
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 58.54
The short-term trend has been DOWN since Oct 15th, 2021 at 48.77
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||74.38||52wk High Date||2021-03-22|
|52wk Low||34.9||52wk Low Date||2020-10-30|
|Average Volume||11,856,239||Shares Outstanding||796,312|