This AI trading robot, available at Swing trader: Deep Trend Analysis v.2 (TA), was a top performer in our robot factory, generating a 5.53% for DKNG over the past week.
The world of trading has been transformed by the use of artificial intelligence (AI) and machine learning (ML) algorithms. These advanced technologies have enabled traders to analyze vast amounts of data, identify patterns and trends, and make informed decisions in a matter of seconds. One such example is the A.I.dvisor trading robot developed by Tickeron, which generated a 5.53% gain for the DKNG stock last week.
The Aroon Indicator is a popular technical analysis tool that measures the strength of a trend and identifies potential changes in the direction of a stock's price. On March 29, 2023, the Aroon Indicator for DKNG entered a downward trend, indicating that the stock may experience a significant decline in the coming days.
Tickeron's A.I.dvisor analyzed the Aroon Indicator for DKNG and identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This is a rare and significant pattern that could indicate a strong downward move is ahead for the stock.
Based on historical data, A.I.dvisor looked at 128 similar instances where the Aroon Indicator formed such a pattern. In 113 of the 128 cases, the stock moved lower. This puts the odds of a downward move at 88%, making it a highly reliable indication of a potential decline in the stock's price.
Traders who are holding DKNG stock may want to consider selling their position or buying put options to protect themselves from potential losses. A.I.dvisor's analysis of the Aroon Indicator provides valuable insights that traders can use to make informed decisions in a highly volatile market.
In conclusion, the A.I.dvisor trading robot developed by Tickeron is a powerful tool that enables traders to take advantage of market trends and make informed decisions based on reliable data analysis. The use of AI and ML algorithms in trading has revolutionized the industry and is set to continue to transform the way traders operate in the future.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where DKNG advanced for three days, in of 277 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
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 290 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 10-day RSI Indicator for DKNG moved out of overbought territory on March 27, 2024. 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 46 similar instances where the indicator moved out of overbought territory. In of the 46 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 April 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DKNG as a result. In of 79 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 April 02, 2024. 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 49 similar instances when the indicator turned negative. In of the 49 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 April 17, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DKNG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend 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 (25.445) is normal, around the industry mean (11.865). P/E Ratio (0.000) is within average values for comparable stocks, (62.563). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.549). Dividend Yield (0.000) settles around the average of (0.043) among similar stocks. P/S Ratio (5.672) is also within normal values, averaging (5.559).
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 84, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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