DRAFTKINGS INC. - 15 min. - Technical analysis published on 03/11/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 17.43 USD
My targets
18.08 USD (+2.86%)
18.59 USD (+5.73%)
My analysis
The strong short-term increase in DRAFTKINGS INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 17.43 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 18.08 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.59 USD as an objective. Crossing it would then enable buyers to target 19.24 USD. Caution, a return under 17.43 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
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This analysis was given by Sueyoshi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DRAFTKINGS INC. price is 17.58 USD. On the day, this instrument lost -1.13% and was traded between 16.77 USD and 17.93 USD over the period. The price is currently at +4.83% from its lowest and -1.95% from its highest.16.77
17.93
17.58
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 15 min. of this DRAFTKINGS INC. chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 17.29 | 17.58 | 18.15 | 20.33 | 22.05 |
| Change (%) | -1.65% | - | +3.24% | +15.64% | +25.43% |
| Change | -0.29 | - | +0.57 | +2.75 | +4.47 |
| Level | Major | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.76 | 16.27 | 16.92 | 17.43 | 18.08 | 18.59 | 19.24 |
| Camarilla | 17.26 | 17.37 | 17.47 | 17.58 | 17.69 | 17.79 | 17.90 |
| Woodie | 15.84 | 16.31 | 17.00 | 17.47 | 18.16 | 18.63 | 19.32 |
| Fibonacci | 16.27 | 16.71 | 16.98 | 17.43 | 17.87 | 18.14 | 18.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.51 | 17.48 | 19.08 | 22.05 | 23.65 | 26.62 | 28.22 |
| Camarilla | 19.43 | 19.85 | 20.27 | 20.69 | 21.11 | 21.53 | 21.95 |
| Woodie | 13.84 | 17.14 | 18.41 | 21.71 | 22.98 | 26.28 | 27.55 |
| Fibonacci | 17.48 | 19.22 | 20.30 | 22.05 | 23.79 | 24.87 | 26.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.41 | 13.49 | 18.58 | 21.66 | 26.75 | 29.83 | 34.92 |
| Camarilla | 21.43 | 22.18 | 22.93 | 23.68 | 24.43 | 25.18 | 25.93 |
| Woodie | 11.43 | 13.99 | 19.60 | 22.16 | 27.77 | 30.33 | 35.94 |
| Fibonacci | 13.49 | 16.61 | 18.54 | 21.66 | 24.78 | 26.71 | 29.83 |
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): | 60.85 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 13.69 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 17.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.17 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 16.99 | |
| Zig ZAG (10): | 17.59 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 69.07 | |
| TEMA (21): | 17.46 | |
| Williams %R (14): | -35.05 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | 0.9900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 4.47 |
| MA7: | 19.37 | |
| MA20: | 20.97 | |
| MA50: | 22.42 | |
| MA100: | 30.06 | |
| MAexp7: | 17.46 | |
| MAexp20: | 17.34 | |
| MAexp50: | 17.51 | |
| MAexp100: | 18.11 | |
| Price / MA7: | -9.24% | |
| Price / MA20: | -16.17% | |
| Price / MA50: | -21.59% | |
| Price / MA100: | -41.52% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | -2.87% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on DRAFTKINGS INC. at the time of the analysis were as follows:
- DraftKings to Deliver Sports Betting Programming during Sunday’s Bracket Reveal Through DraftKings’ YouTube Channel and VSiN
- DraftKings Announces Jason Park’s Participation in Upcoming Virtual Event
- DraftKings Joins Forces With Zero Hash to Earn Staking Rewards on Polygon
- DraftKings Reports Fourth Quarter Revenue of $473 Million; Increases 2022 Revenue Guidance to $1.85 Billion to $2.0 Billion; Introduces 2022 Adjusted EBITDA Guidance
- DraftKings to Host Virtual Investor Day
This member declared not having a position on this financial instrument or a related financial instrument.
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