DKNG NEWS why is Draftkings Inc price falling or rising

DKNG NEWS reasons for why stock price of Draftkings Inc is falling or rising

DKNG Draftkings Inc is falling or rising technical reasons

Technical analysis forecast of Draftkings Inc Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Draftkings Inc DKNG at this time. Stock is rising and might rise more.

It appears as if Draftkings Inc DKNG gave a large move recently.

Stock of Draftkings Inc (DKNG) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Draftkings Inc is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Draftkings Inc stays above 42.9, but if it comes below 42.9, then a intra day sell could be more profitable.
If you take a sell trade below 42.9, then use 42.9 as stoploss and 40.11 as target. However if you take a buy trade in Draftkings Inc, then use 42.9 as stoploss and 46.4 as target.

DKNG Draftkings Inc is falling or rising NEWS fundamental reasons

More announcements and NEWS

DKNG Draftkings Inc current price & indicator signals

Moving Averages for Draftkings Inc

  • 5Day Average: 42.07
  • 12Day Average: 40.91
  • 20Day Average: 39.06
  • 50Day Average: 38.71
  • 100Day Average: 36.96
  • 150Day Average: 38.1
  • 200Day Average: 39.46

DKNG Indicators & signals

Indicator MACD (12,26,9)

41.08, 39.64, 0.91
Indicator MACD is in positive zone

Indicator ADX (14)

32.56, 34.97, 17.79
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DKNG Draftkings Inc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
20 Wed Nov 2024 43.80 42.98 to 44.25 1.37% 0.44 times
19 Tue Nov 2024 43.21 41.76 to 43.30 2.03% 0.53 times
18 Mon Nov 2024 42.35 39.94 to 42.49 6.3% 0.87 times
15 Fri Nov 2024 39.84 38.94 to 40.75 -3.16% 0.78 times
14 Thu Nov 2024 41.14 41.07 to 42.10 -1.77% 0.45 times
13 Wed Nov 2024 41.88 41.44 to 43.09 0.41% 0.62 times
12 Tue Nov 2024 41.71 41.69 to 43.32 -3.47% 0.82 times
11 Mon Nov 2024 43.21 41.08 to 43.33 7.68% 1.26 times
08 Fri Nov 2024 40.13 38.10 to 41.40 2.95% 2.06 times
07 Thu Nov 2024 38.98 38.30 to 39.38 1.91% 1.71 times
06 Wed Nov 2024 38.25 37.37 to 38.72 4.94% 0.9 times
05 Tue Nov 2024 36.45 35.70 to 36.65 2.13% 0.47 times

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DKNG NEWS why is Draftkings Inc price falling or rising

 

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