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 214 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 31, 2023. You may want to consider a long position or call options on DKNG as a result. In of 65 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for DKNG just turned positive on June 06, 2023. Looking at past instances where DKNG's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 216 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 June 07, 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 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
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 .
DKNG broke above its upper Bollinger Band on June 06, 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 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 fairly steady price growth. DKNG’s price grows at a lower 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 (11.792) is normal, around the industry mean (10.935). P/E Ratio (0.000) is within average values for comparable stocks, (53.490). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.190). Dividend Yield (0.000) settles around the average of (0.046) among similar stocks. P/S Ratio (4.484) is also within normal values, averaging (5.393).
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
A.I.dvisor indicates that over the last year, DKNG has been loosely correlated with CZR. These tickers have moved in lockstep 65% 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.
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