Boost Your Earnings: DKNG Swing Trading Strategy +17.4% Gains
Swing Trader Downtrend Protection Generates 17.4% for DKNG: A Comprehensive Technical Analysis
DraftKings Inc. (DKNG) has recently emerged as an intriguing choice for swing traders, generating an impressive 17.4% uptrend, accompanied by positive momentum in its trading charts. Company, on July 13, 2023, marked its third consecutive day of growth, instigating a sense of optimism among market players.
Growing at an impressive rate of +8.08%, DKNG's three-day uptrend is a significant bullish sign, foretelling the potential for future growth. Historical data proves to be in favor of this optimistic outlook, as in 183 out of 220 past instances, DKNG has seen a further price rise following a three-day advancement, thereby showcasing an 83% probability of a continued upward trend.
Moreover, the Price Prediction Chart backed by Technical Analysis indicators narrates a story of promising upward trends for DKNG.
A Peek into Bullish Trend Analysis
The Momentum Indicator, a crucial technical analysis tool for detecting market trends, moved above the 0 level on June 29, 2023. Such movements indicate a potential uptrend and have historically led to continued stock growth in 52 out of 67 instances. Thus, long positions or call options on DKNG may be a judicious choice given the odds of a continued upward trend stand at 78%.
Another feather in DKNG's cap is the positive shift in its Moving Average Convergence Divergence (MACD) on July 10, 2023. The MACD, a vital tool for tracking price momentum, serves as an accurate trend identifier. Historically, DKNG has experienced a continued rise in 29 of 41 instances following a positive MACD shift, thereby illustrating a 71% likelihood of an ongoing upward trend.
Lastly, the Aroon Indicator, an efficient tool for identifying trend changes, marked an Uptrend for DKNG on July 13, 2023. In previous instances, where DKNG's Aroon Indicator entered an Uptrend, the price escalated further in the subsequent month in 185 out of 233 cases, suggesting a 79% probability of a continued Uptrend.
DKNG's recent performance, backed by supportive technical indicators, hints at a promising future, replete with growth and success. Swing traders may thus want to consider this stock for its potential gains, keeping an eye on its continued upward trend
Momentum Indicator for DKNG turns positive, indicating new upward trend
DKNG saw its Momentum Indicator move above the 0 level on June 06, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 84 similar instances where the indicator turned positive. In of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for DKNG just turned positive on June 10, 2025. Looking at past instances where DKNG's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
DKNG moved above its 50-day moving average on June 06, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DKNG advanced for three days, in of 296 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 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 .
Bearish Trend Analysis
The 10-day RSI Indicator for DKNG moved out of overbought territory on July 01, 2025. 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 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where DKNG's Stochastic Oscillator exited the overbought zone, the price fell further within the following 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 .
DKNG broke above its upper Bollinger Band on June 24, 2025. 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 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 79, placing this stock worse than average.
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 (12.790). P/E Ratio (0.000) is within average values for comparable stocks, (65.598). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.549). Dividend Yield (0.000) settles around the average of (0.077) among similar stocks. P/S Ratio (5.672) is also within normal values, averaging (3.547).
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.
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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
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