Londinia Opportunities Analyses - 05/14/2024 (GMT) DRAFTKINGS INC. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	DKNG
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 43.33 USD

My targets

44.72 USD (+1.94%)

45.75 USD (+4.29%)

My analysis

DRAFTKINGS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 43.33 USD. The next resistance located at 44.72 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 45.75 USD. After this resistance, buyers could then target 47.74 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Force

8.6

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Additional analysis

Quotes

The DRAFTKINGS INC. price is 43.87 USD. The price has increased by +1.53% since the last closing and was between 42.85 USD and 44.28 USD. This implies that the price is at +2.38% from its lowest and at -0.93% from its highest.

42.85

44.28

43.87

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of DRAFTKINGS INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	41.48	42.31	43.33	43.87	44.72	45.75	47.74
Change (%)	-5.45%	-3.56%	-1.23%	-	+1.94%	+4.29%	+8.82%
Change	-2.39	-1.56	-0.54	-	+0.85	+1.88	+3.87
Level	Minor	Intermediate	Minor	-	Major	Major	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	41.89	42.33	42.77	43.21	43.65	44.09	44.53
Camarilla	42.97	43.05	43.13	43.21	43.29	43.37	43.45
Woodie	41.89	42.33	42.77	43.21	43.65	44.09	44.53
Fibonacci	42.33	42.67	42.87	43.21	43.55	43.75	44.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.74	40.43	41.85	43.54	44.96	46.65	48.07
Camarilla	42.42	42.70	42.99	43.27	43.56	43.84	44.13
Woodie	38.61	40.36	41.72	43.47	44.83	46.58	47.94
Fibonacci	40.43	41.62	42.35	43.54	44.73	45.46	46.65

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.12	34.08	37.82	42.78	46.52	51.48	55.22
Camarilla	39.17	39.97	40.76	41.56	42.36	43.16	43.95
Woodie	28.51	33.78	37.21	42.48	45.91	51.18	54.61
Fibonacci	34.08	37.40	39.46	42.78	46.10	48.16	51.48

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):	56.79
MACD (12,26,9):	0.0800
Directional Movement:	16.48
AROON (14):	42.86
DEMA (21):	43.50
Parabolic SAR (0,02-0,02-0,2):	42.43
Elder Ray (13):	0.27
Super Trend (3,10):	42.48
Zig ZAG (10):	43.80
VORTEX (21):	1.0200
Stochastique (14,3,5):	58.21
TEMA (21):	43.50
Williams %R (14):	-31.89
Chande Momentum Oscillator (20):	0.52
Repulse (5,40,3):	0.9400
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.03

MA7:	43.50
MA20:	42.35
MA50:	43.65
MA100:	41.19
MAexp7:	43.61
MAexp20:	43.42
MAexp50:	43.23
MAexp100:	43.09
Price / MA7:	+0.85%
Price / MA20:	+3.59%
Price / MA50:	+0.50%
Price / MA100:	+6.51%
Price / MAexp7:	+0.60%
Price / MAexp20:	+1.04%
Price / MAexp50:	+1.48%
Price / MAexp100:	+1.81%

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: