DRAFTKINGS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	DKNG
ISIN:

DRAFTKINGS INC. - Daily - Technical analysis published on 09/25/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 15.26 USD

My targets

13.44 USD (-10.28%)

12.67 USD (-15.42%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DRAFTKINGS INC. as long as the price remains well below 15.26 USD. The sellers' bearish objective is set at 13.44 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.67 USD. In case of crossing, the next objective would be the support located at 10.32 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

4.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DRAFTKINGS INC. rating 14.98 USD. The price registered a decrease of -3.85% on the session with the lowest point at 14.57 USD and the highest point at 15.65 USD. The deviation from the price is +2.81% for the low point and -4.28% for the high point.

14.57

15.65

14.98

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

Here is a more detailed summary of the historical variations registered by DRAFTKINGS INC.:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this DRAFTKINGS INC. chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

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

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	10.32	12.67	14.98	15.26	17.29	20.76
Change (%)	-31.11%	-15.42%	-	+1.87%	+15.42%	+38.58%
Change	-4.66	-2.31	-	+0.28	+2.31	+5.78
Level	Major	Minor	-	Major	Intermediate	Intermediate

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	13.40	13.99	14.48	15.07	15.56	16.15	16.64
Camarilla	14.68	14.78	14.88	14.98	15.08	15.18	15.28
Woodie	13.36	13.97	14.44	15.05	15.52	16.13	16.60
Fibonacci	13.99	14.40	14.65	15.07	15.48	15.73	16.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.23	11.90	13.44	16.11	17.65	20.32	21.86
Camarilla	13.82	14.21	14.59	14.98	15.37	15.75	16.14
Woodie	8.67	11.62	12.88	15.83	17.09	20.04	21.30
Fibonacci	11.90	13.51	14.50	16.11	17.72	18.71	20.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.24	8.76	12.41	16.93	20.58	25.10	28.75
Camarilla	13.81	14.56	15.31	16.06	16.81	17.56	18.31
Woodie	3.81	8.54	11.98	16.71	20.15	24.88	28.32
Fibonacci	8.76	11.88	13.81	16.93	20.05	21.98	25.10

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):	38.17
MACD (12,26,9):	-0.0700
Directional Movement:	-11.32
AROON (14):	-42.86
DEMA (21):	17.15
Parabolic SAR (0,02-0,02-0,2):	19.56
Elder Ray (13):	-1.89
Super Trend (3,10):	18.30
Zig ZAG (10):	14.98
VORTEX (21):	0.8600
Stochastique (14,3,5):	17.36
TEMA (21):	16.61
Williams %R (14):	-92.15
Chande Momentum Oscillator (20):	-1.38
Repulse (5,40,3):	-12.5700
ROCnROLL:	2
TRIX (15,9):	0.1800
Courbe Coppock:	9.34

MA7:	17.32
MA20:	16.94
MA50:	16.64
MA100:	14.76
MAexp7:	16.63
MAexp20:	17.08
MAexp50:	16.54
MAexp100:	16.84
Price / MA7:	-13.51%
Price / MA20:	-11.57%
Price / MA50:	-9.98%
Price / MA100:	+1.49%
Price / MAexp7:	-9.92%
Price / MAexp20:	-12.30%
Price / MAexp50:	-9.43%
Price / MAexp100:	-11.05%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on DRAFTKINGS INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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