The AI Trading Bot has once again showcased its potential as it generated impressive gains of 6.18% for DKNG, the popular stock in the market. Adding to the positive momentum, DKNG has been on an uptrend, rising for three consecutive days on May 22, 2023. Such consistent upward movement is generally interpreted as a bullish sign, indicating the potential for further growth.
Investors and market observers are advised to keep a close watch on DKNG as it shows promising signs for future appreciation. Historical data analysis reveals that in situations where DKNG experienced a three-day advance, the price continued to rise further within the following month in 175 out of 212 cases. This translates to a remarkable 83% probability of a continued upward trend.
These statistics provide a compelling reason to consider DKNG as a potential investment opportunity. With a strong track record of consecutive gains and a high likelihood of sustained growth, DKNG appears to be an attractive option for investors seeking to capitalize on the upward trajectory. However, it is important to note that past performance is not indicative of future results, and thorough analysis and due diligence should be undertaken before making any investment decisions.
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 218 cases, the price declined further within the following month. The odds of a continued downward trend are .
The 10-day RSI Indicator for DKNG moved out of overbought territory on May 23, 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 29 similar instances where the indicator moved out of overbought territory. In of the 29 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 May 23, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DKNG as a result. In of 64 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 May 23, 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 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .
DKNG broke above its upper Bollinger Band on May 05, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DKNG advanced for three days, in of 212 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 213 cases where DKNG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 (10.604) is normal, around the industry mean (10.738). P/E Ratio (0.000) is within average values for comparable stocks, (53.093). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.208). Dividend Yield (0.000) settles around the average of (0.046) among similar stocks. P/S Ratio (4.036) is also within normal values, averaging (5.773).
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 83, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows