DRAFTKINGS INC. - Daily - Technical analysis published on 02/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 23.68 USD
My targets
22.68 USD (-2.77%)
19.32 USD (-17.19%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 23.68 USD remains possible. It is advisable to trade DRAFTKINGS INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 23.68 USD. The next bearish objective for sellers is set at 22.68 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.32 USD. PS: if there is a bullish break in the resistance located at 23.68 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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Additional analysis
Quotes
The DRAFTKINGS INC. price is 23.33 USD. The price has increased by +2.41% since the last closing with the lowest point at 22.88 USD and the highest point at 24.73 USD. The deviation from the price is +1.97% for the low point and -5.66% for the high point.22.88
24.73
23.33
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DRAFTKINGS INC.:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of DRAFTKINGS INC. in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 19.32 | 23.33 | 23.68 | 48.12 | 55.30 |
Change (%) | -17.19% | - | +1.50% | +106.26% | +137.03% |
Change | -4.01 | - | +0.35 | +24.79 | +31.97 |
Level | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.71 | 21.80 | 22.56 | 23.65 | 24.41 | 25.50 | 26.26 |
Camarilla | 22.82 | 22.99 | 23.16 | 23.33 | 23.50 | 23.67 | 23.84 |
Woodie | 20.56 | 21.72 | 22.41 | 23.57 | 24.26 | 25.42 | 26.11 |
Fibonacci | 21.80 | 22.50 | 22.94 | 23.65 | 24.35 | 24.79 | 25.50 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.63 | 19.33 | 21.33 | 23.03 | 25.03 | 26.73 | 28.73 |
Camarilla | 22.31 | 22.65 | 22.99 | 23.33 | 23.67 | 24.01 | 24.35 |
Woodie | 17.78 | 19.41 | 21.48 | 23.11 | 25.18 | 26.81 | 28.88 |
Fibonacci | 19.33 | 20.74 | 21.62 | 23.03 | 24.44 | 25.32 | 26.73 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.68 | 11.54 | 16.82 | 22.68 | 27.96 | 33.82 | 39.10 |
Camarilla | 19.03 | 20.05 | 21.07 | 22.09 | 23.11 | 24.13 | 25.15 |
Woodie | 5.38 | 11.40 | 16.52 | 22.54 | 27.66 | 33.68 | 38.80 |
Fibonacci | 11.54 | 15.80 | 18.43 | 22.68 | 26.94 | 29.57 | 33.82 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 49.96 | |
MACD (12,26,9): | -0.9200 | |
Directional Movement: | 2.55 | |
AROON (14): | 100.00 | |
DEMA (21): | 21.04 | |
Parabolic SAR (0,02-0,02-0,2): | 19.36 | |
Elder Ray (13): | 1.50 | |
Super Trend (3,10): | 24.96 | |
Zig ZAG (10): | 23.33 | |
VORTEX (21): | 0.9000 | |
Stochastique (14,3,5): | 83.79 | |
TEMA (21): | 22.29 | |
Williams %R (14): | -23.33 | |
Chande Momentum Oscillator (20): | 3.00 | |
Repulse (5,40,3): | 0.0100 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.9000 | |
Courbe Coppock: | 15.87 |
MA7: | 22.23 | |
MA20: | 21.49 | |
MA50: | 25.57 | |
MA100: | 35.26 | |
MAexp7: | 22.53 | |
MAexp20: | 22.65 | |
MAexp50: | 26.54 | |
MAexp100: | 33.18 | |
Price / MA7: | +4.95% | |
Price / MA20: | +8.56% | |
Price / MA50: | -8.76% | |
Price / MA100: | -33.83% | |
Price / MAexp7: | +3.55% | |
Price / MAexp20: | +3.00% | |
Price / MAexp50: | -12.09% | |
Price / MAexp100: | -29.69% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on DRAFTKINGS INC. at the time of the generation of this analysis was as follows:
- DraftKings to Host Virtual Investor Day
- DraftKings Mobile Sportsbook Set to Launch Friday in Louisiana
- DraftKings to Release Fourth Quarter and Year-End 2021 Results February 18
- DraftKings Announces $1 Million+ Responsible Gaming Initiative Providing Multi-Year Financial Commitments to State Problem Gambling Councils
- DraftKings and Tulalip Tribes of Washington Join Forces to Operate Sports Betting in the Evergreen State
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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