Analyzing Tickeron's Robot Factory Performance: $DKNG Gains 3.51% in a Week
AI trading robot, known as Swing trader: Volatility Balanced Strategy (TA), has caught the attention of traders and investors alike. In the previous week, this AI robot, developed in our esteemed robot factory, demonstrated impressive performance by generating a gain of 3.51% while trading DKNG. This article will delve into the recent trading activity, the significance of the stock's upward trend, and analyze the latest earnings results of DKNG.
AI Trading Robot's Performance: The Swing trader: Volatility Balanced Strategy (TA) has proven to be a standout performer in our robot factory. With a gain of 3.51% in just one week while trading DKNG, this AI robot has showcased its ability to navigate market volatility successfully. Such gains indicate the robot's aptitude for capturing profitable opportunities and making timely trades. It demonstrates the potential of AI technology in enhancing trading strategies and delivering positive returns.
Analyzing DKNG's Upward Trend: DKNG has been displaying a noteworthy upward trend, having moved higher for three consecutive days. In technical analysis, this pattern is often interpreted as a bullish sign, indicating the potential for further growth. Historical data reveals that in 177 out of 214 instances where DKNG advanced for three days, the price continued to rise within the following month. These statistics suggest that the odds of a continued upward trend for DKNG are quite favorable, standing at 83%.
Earnings Analysis: Examining the latest earnings report released on May 04 provides valuable insights into DKNG's financial performance. The report revealed earnings per share of -50 cents, surpassing market expectations, which estimated earnings per share to be -85 cents. This positive surprise indicates that DKNG has outperformed analysts' predictions, suggesting potential underlying strength in the company's financials.
Furthermore, DKNG currently has 10.24 million shares outstanding, contributing to a market capitalization of 11.51 billion dollars. The market capitalization reflects the overall value of a company as determined by the stock market. DKNG's substantial market capitalization highlights the stock's prominence and investor interest, which can further contribute to its growth potential.
The Swing trader: Volatility Balanced Strategy (TA) AI robot has demonstrated impressive performance, generating a 3.51% gain while trading DKNG in the previous week. DKNG's upward trend, supported by historical data, indicates a strong likelihood of continued growth. Moreover, the company's recent earnings report surpassed expectations, implying a positive outlook for DKNG's financial performance.
DKNG in downward trend: price dove below 50-day moving average on September 21, 2023
DKNG moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend. In of 28 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DKNG as a result. In of 73 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 September 20, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for DKNG's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 10-day moving average for DKNG crossed bullishly above the 50-day moving average on September 07, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 9 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 231 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 260 cases where DKNG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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 (12.642) is normal, around the industry mean (10.803). P/E Ratio (0.000) is within average values for comparable stocks, (62.304). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.164). Dividend Yield (0.000) settles around the average of (0.052) among similar stocks. P/S Ratio (4.198) is also within normal values, averaging (5.355).
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 85, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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
DKNG and
Correlation & Price change
A.I.dvisor indicates that over the last year, DKNG has been loosely correlated with CZR. These tickers have moved in lockstep 54% 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.
| Ticker / NAME | Correlation To DKNG | 1D Price Change % | ||
|---|---|---|---|---|
| DKNG | 100% | -1.44% | ||
| CZR - DKNG | 54% Loosely correlated | +0.26% | ||
| RSI - DKNG | 52% Loosely correlated | +2.53% | ||
| LNW - DKNG | 45% Loosely correlated | -2.78% | ||
| BALY - DKNG | 42% Loosely correlated | -2.59% | ||
| FLL - DKNG | 41% Loosely correlated | -1.39% | ||
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