Londinia Opportunities Analyses - 04/25/2024 (GMT) DRAFTKINGS INC. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	DKNG
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 42.20 USD

My targets

38.70 USD (-4.63%)

35.93 USD (-11.46%)

My analysis

DRAFTKINGS INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 42.20 USD. The next support located at 38.70 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 35.93 USD. Below this support, sellers could then target 32.18 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.9

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Additional analysis

Quotes

DRAFTKINGS INC. rating 40.58 USD. On the day, this instrument lost -0.66% and was between 39.04 USD and 40.59 USD. This implies that the price is at +3.94% from its lowest and at -0.02% from its highest.

39.04

40.59

40.58

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of DRAFTKINGS INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.30	32.18	35.93	40.58	40.67	44.71	45.72
Change (%)	-35.19%	-20.70%	-11.46%	-	+0.22%	+10.18%	+12.67%
Change	-14.28	-8.40	-4.65	-	+0.09	+4.13	+5.14
Level	Intermediate	Intermediate	Minor	-	Major	Major	Intermediate

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	38.74	39.72	40.28	41.26	41.82	42.80	43.36
Camarilla	40.43	40.57	40.71	40.85	40.99	41.13	41.27
Woodie	38.54	39.62	40.08	41.16	41.62	42.70	43.16
Fibonacci	39.72	40.31	40.67	41.26	41.85	42.21	42.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.23	36.73	38.70	42.20	44.17	47.67	49.64
Camarilla	39.18	39.68	40.18	40.68	41.18	41.68	42.18
Woodie	32.48	36.35	37.95	41.82	43.42	47.29	48.89
Fibonacci	36.73	38.82	40.11	42.20	44.29	45.58	47.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.78	36.17	40.79	45.18	49.80	54.19	58.81
Camarilla	42.93	43.76	44.58	45.41	46.24	47.06	47.89
Woodie	31.90	36.23	40.91	45.24	49.92	54.25	58.93
Fibonacci	36.17	39.61	41.74	45.18	48.62	50.75	54.19

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	35.36
MACD (12,26,9):	-0.2900
Directional Movement:	-18.47
AROON (14):	-50.00
DEMA (21):	40.68
Parabolic SAR (0,02-0,02-0,2):	41.97
Elder Ray (13):	-1.32
Super Trend (3,10):	41.51
Zig ZAG (10):	40.20
VORTEX (21):	0.8600
Stochastique (14,3,5):	24.08
TEMA (21):	40.87
Williams %R (14):	-66.46
Chande Momentum Oscillator (20):	-1.01
Repulse (5,40,3):	1.4800
ROCnROLL:	2
TRIX (15,9):	-0.0900
Courbe Coppock:	0.38

MA7:	41.05
MA20:	43.68
MA50:	43.51
MA100:	40.32
MAexp7:	40.70
MAexp20:	41.09
MAexp50:	41.92
MAexp100:	42.92
Price / MA7:	-1.14%
Price / MA20:	-7.10%
Price / MA50:	-6.73%
Price / MA100:	+0.64%
Price / MAexp7:	-0.29%
Price / MAexp20:	-1.24%
Price / MAexp50:	-3.20%
Price / MAexp100:	-5.45%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The latest news and videos published on DRAFTKINGS INC. at the time of the analysis were as follows: