5% Profits Weekly: DKNG Robot Trader's Triumph.
Last week was excellent for many stocks, and one standout performer was DKNG (DRAFTKINGS INC.), where two robots earned a 5% profit each. Once again, two robots stood out: Swing trader: Downtrend Protection v.2 (TA) and Swing trader: Top High Volatility Stocks (TA), consistently delivering intriguing results for several weeks now.
The Swing trader: Downtrend Protection v.2 (TA) robot is suitable for traders who deal with a wide range of stocks and seek to enhance market downside protection using advanced filters to identify potential reversals. To create this robot, a pool of stocks with varying levels of volatility—high, medium, and low—was utilized. This approach enables traders to execute trades during different market conditions, including flat markets. Given the likelihood of prolonged market instability, the robot incorporates additional advanced algorithms focused on identifying short selling opportunities.
Each day, the algorithms scan the price action of the selected stocks to pinpoint the optimal moment to initiate a trade. The algorithms are based on a proprietary combination of technical indicators, including Envelope, Parabolic, and others, with individually tailored parameters. The AI autonomously selects the most suitable algorithm for each ticker, considering the prevailing market situation—whether it's an uptrend, downtrend, or sideways movement—and accordingly enters trades.
The average trade duration is one day, allowing traders to efficiently utilize their capital without getting stuck in prolonged trades. After entering a trade, the AI Robot places a fixed "Take Profit" order, with the distance depending on the current market volatility. To exit a position, the robot employs two options: a fixed stop loss of 3% based on the position's opening price and a flexible trailing stop, which helps preserve most of the profit in case of a market reversal.
DKNG in -7.71% downward trend, sliding for three consecutive days on September 22, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where DKNG declined for three days, in of 241 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for DKNG moved out of overbought territory on September 12, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DKNG as a result. In of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for DKNG turned negative on September 20, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
DKNG moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The 10-day moving average for DKNG crossed bullishly above the 50-day moving average on September 07, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 9 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DKNG advanced for three days, in of 231 cases, the price rose further within the following month. The odds of a continued upward trend are .
DKNG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 260 cases where DKNG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DKNG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (12.642) is normal, around the industry mean (10.803). P/E Ratio (0.000) is within average values for comparable stocks, (62.304). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.164). Dividend Yield (0.000) settles around the average of (0.052) among similar stocks. P/S Ratio (4.198) is also within normal values, averaging (5.355).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DKNG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a digital sports entertainment and gaming company, which provides online and retail sports wagering offerings, online daily fantasy contests and online casino games
Industry CasinosGaming
DKNG and
Correlation & Price change
A.I.dvisor indicates that over the last year, DKNG has been loosely correlated with CZR. These tickers have moved in lockstep 54% of the time. This A.I.-generated data suggests there is some statistical probability that if DKNG jumps, then CZR could also see price increases.
| Ticker / NAME | Correlation To DKNG | 1D Price Change % | ||
|---|---|---|---|---|
| DKNG | 100% | -3.31% | ||
| CZR - DKNG | 54% Loosely correlated | -3.18% | ||
| RSI - DKNG | 52% Loosely correlated | +0.64% | ||
| LNW - DKNG | 45% Loosely correlated | -1.44% | ||
| BALY - DKNG | 42% Loosely correlated | -1.87% | ||
| FLL - DKNG | 42% Loosely correlated | -3.79% | ||
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