Get started
DRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL A

DRAFTKINGS INC COM USD0.0001 CL A

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

0ABA trade ideas

Draftking Ascending TriangleMarch madness + New price upgrades has pushed this stock over 20% this month so far Resistance is around the 72-74$ area. I'd consider a pattern breakout and entry over 74$. White lines are overall range it's been trading in. Yellow line is recent support area trendline that compliments the Ascending pattern but even that trendline doesn't hold and it falls back to the mid 60$ range you can still see the pattern with the white lines. Greenlines are targets fibonacci
NASDAQ:DKNGLong
by ContraryTrader
5
Cup and HandleI am gonna hang with the pattern for now. Call me crazy (o: Testing support for sure. The market mood seems off kilter for stocks such as this one. A throwback occurred last time it broke long entry level. This one does not seem to swing too low. I feel it will make it's mark, just a matter of when (O: Patience and trade management can save us (o" No recommendation Smart money bought this at 17 to 38. They will most likely let it ride unless their position is threatened. I can tell where they bought by looking at negative volume. We are positive volume. Negative volume is volume on down days. Positive volume is virtually volume of up days. No recommendation Throwbacks can hurt performance, Try hard to look at a chart objectively. Hear what the candles are telling you..see what the support and resistance are doing. Sometimes we see what we want to see and not what is actually there (o: A chart is a mere xray of supply and demand No rising wedges in the yearly chart. Keep an eye of RSI and the candles. Important to know your candles, like hammer, shooting star, dojis, engulfing. Long Legged dogi with a long wick pointiong down can show important support levels. That tall tail reached down and stops abruptly. "OUCH BABE" and she holds (o:
NASDAQ:DKNGLong
by lauralea
10
DKNG Stock 12/03/21 Analysis 4H Chart(DRAFTKINGS: DKNG ) - Trend Analysis - 📑Value: 0/20 📈Growth: 14/20 💰Profitability: 14/20 🚀Momentum: 20/20 💸Earnings: 14/20 🖇️Total Score: 62/100 Analysis: Low: $41 Average: $72.83 High: $105 Current: $72.96 Income Statement: Revenue: $614.53M Gross Profit: $267.94M EBITDA: ----- Net Income: ----- EPS Diluted: -$2.76 Cash Flow Statement: Cash from Operations: -$337.88M Cash from Investing: -$227.34M Levered Free Cash Flow: -$49.38M Unlevered Free Cash Flow: -$48.72M Free Cash Flow: -$1.26 Balance Sheet: Total Cash: $1.82B Total Debt: $81.61M Total Debt to Equity: 3.03% Current Ratio: 3.96 Quick Ratio: 3.96
NASDAQ:DKNGLong
by investor_kings
More Room to Run for Draftkings?DKNG is trading in an upside channel after a pullback from its all-time high of $64.20 set in October 2020. It saw a few upgrades this morning and is now set to open the session above that $64.20 level. If I see it hold that mark (and hopefully retest it), I’ll consider the R2 Fibonacci pivot level ($67.14; RM2 on the chart) as a potential intraday price target. The next near-term target, if the upside momentum persists, would be the all-time high of $72. On the downside, the 20-day EMA would be a possible support. Further down, I'll keep a close eye on the $ 60 zone, which was in play multiple times in the past.
NASDAQ:DKNG
by tbiktag
3
DKNG Investor Day, Tuesday 3/9Credit goes to u/AllDatDalton for bringing this under my radar, he's got a Twitter somewhere I think. There is what seems to be bullish UOA. A reminder that options volume can always be institutions hedging, positions rolling, or just overall sentiment. But it can be sometimes insiders and Whales making a big bet. Currently, the market looks rather bearish even with the recent passing of Stimmy. Bonds and treasury yields, inflation, job numbers, all the fun macro level stuff. I'm expecting a dead cat bounce or bull trap. The market doesn't do these kinda drops and be making new ATH the next week lol. Stairs up, escalator down, when things drop, they drop hard and fast. Somehow, physics exist psychologically in the market too. Now to DKNG, I think it can hit around $50-$52, which are my blue and yellow trend lines. Stocks have been crashing down through all the supports and trendlines, but I hope $50 will be a strong psychological barrier. I'm not going to get too deep into the fundamentals of sports betting and DKNG, but every time I watch UFC, I see that they're sponsored by DraftKings. Cmon who doesn't fucking love gambling. Legalization is happening. On the 15min MACD & TTM look like a top. RSI levels correlate roughly with February levels last time it sold off. 1Hr might be a crossover, with RSI bouncing off 30. TTM also looks like it's about to go green. Almost the same on the 2Hr. For these reasons, I will be trying to get some 3/12 or 3/19 calls. 3Hr and up looking like DKNG can sell off a little more. Tbh anything under $60-$55 range is pretty good entry for the long term imo. I'm expecting a short rally in the short term, followed by more selling off. It's very possible that $54 on March 5th was the bottom, but who knows. If I don't get calls on my limit order, I'm okay with not making money on this play. It's better to not make money than potentially having your calls shrivel up and die.
NASDAQ:DKNGLong
by amfunk
Game on for DraftKings?On bearish days like we’ve had lately, it can be useful to look for stocks lurking near highs because they often break out when calm returns. DraftKings seems to fit that bill. First, consider how the sports-betting stock formed a large bullish ascending triangle between early October and late February. Notice how it began the current month with a breakout through the top of the triangle. It’s now trying to turn old resistance into new support near the old peak. Second, Bollinger Bandwidth remained at the narrower end of its long-term range as price squeezed toward the top of the triangle. Will it start expanding if the shares exit the triangle? Finally, DKNG had a false breakdown below $53 on February 23. (This was actually the low for the entire month.) It quickly rebounded from the drop, creating a bullish outside week. The pullback also served as a test of old resistance around $55 from mid-December and mid-January. DKNG has had a flurry of positive headlines lately: strong revenue, strong guidance, snagging Carl Ripkin Jr. before baseball season, plus the exclusive UFC deal. It can now potentially benefit from the spread of sports betting as the U.S. economy reopens. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:DKNGLong
by TradeStation