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Sergey Savastiouk's Avatar
published in Blogs
Apr 07, 2023

AI Trading Robot Generates 5.53% Gain for DKNG Last Week

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.

Related Ticker: DKNG

DKNG's Indicator enters downward trend

The Aroon Indicator for DKNG entered a downward trend on July 19, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 150 similar instances where the Aroon Indicator formed such a pattern. In of the 150 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for DKNG moved out of overbought territory on June 20, 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 48 similar instances where the indicator moved out of overbought territory. In of the 48 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 July 18, 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 .

DKNG moved below its 50-day moving average on July 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 .

DKNG broke above its upper Bollinger Band on July 15, 2024. 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.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Moving Average Convergence Divergence (MACD) for DKNG just turned positive on July 15, 2024. Looking at past instances where DKNG's MACD turned positive, the stock continued to rise in of 51 cases 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 289 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 74%.

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 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 (12.161). P/E Ratio (0.000) is within average values for comparable stocks, (63.313). 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 (5.745).

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.

Notable companies

The most notable companies in this group are Las Vegas Sands Corp (NYSE:LVS), MGM Resorts International (NYSE:MGM), Wynn Resorts Limited (NASDAQ:WYNN), Melco Resorts & Entertainment Limited (NASDAQ:MLCO).

Industry description

Casinos/Gaming includes companies that operate casinos, gaming services, horse racing and harness racing facilities. Think Las Vegas Sands Corp., MGM Resorts International and Wynn Resorts, Ltd. In periods of strong economic growth, consumers tend to spend on discretionary/leisure activities like gambling or games; but consumption is likely to slow down when there’s economic sluggishness.

Market Cap

The average market capitalization across the Casinos/Gaming Industry is 5.51B. The market cap for tickers in the group ranges from 152.98K to 38.96B. LVS holds the highest valuation in this group at 38.96B. The lowest valued company is ROBK at 152.98K.

High and low price notable news

The average weekly price growth across all stocks in the Casinos/Gaming Industry was -0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was -4%. GLXZ experienced the highest price growth at 99%, while SLNA experienced the biggest fall at -41%.

Volume

The average weekly volume growth across all stocks in the Casinos/Gaming Industry was 124%. For the same stocks of the Industry, the average monthly volume growth was 1% and the average quarterly volume growth was 80%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 67
Price Growth Rating: 52
SMR Rating: 72
Profit Risk Rating: 84
Seasonality Score: -4 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

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

Profile
Fundamentals
Details
Industry
N/A
Address
222 Berkeley Street
Phone
+1 617 986-6744
Employees
4400
Web
https://www.draftkings.com
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#latest#popular#patterns#artificial_intelligence#trading#technical_analysis
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