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.
DKNG saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 01, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The 10-day RSI Indicator for DKNG moved out of overbought territory on September 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 44 similar instances where the indicator moved out of overbought territory. In of the 44 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 October 07, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DKNG as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where DKNG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The 10-day moving average for DKNG crossed bullishly above the 50-day moving average on September 12, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 304 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 284 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock slightly better than average.
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 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 (12.515). P/E Ratio (0.000) is within average values for comparable stocks, (64.997). 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 (3.531).
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