NVDA (22.56%) vs DKNG (16.11%): High-Performance Trading Strategies
Head-to-Head Comparison: NVDA vs DKNG and Compare Swing trader: Deep Trend Analysis (TA) generates 16.11% for DKNG vs Swing trader: Volatility Balanced Strategy (TA) generates 22.56% for NVDA
In this analysis, we compare two tickers from distinct industries, NVDA (@Semiconductors) and DKNG (@Casinos/Gaming). Our findings are based on a thorough evaluation of the gains, the application of trading strategies, price growth, and anticipated earnings dates.
Trading Strategy Analysis
The performance of the two stocks was assessed using different swing trading strategies. For DKNG, we employed the Deep Trend Analysis (TA) approach, which yielded a gain of 16.11%. This technique provides traders with a systematic way to take advantage of market movements by identifying and capturing price swings.
On the other hand, the Volatility Balanced Strategy (TA) was applied to NVDA, generating a gain of 22.56%. This strategy leverages the market's volatility to balance risk and reward, thereby providing higher gains.
When comparing these two strategies, NVDA's Volatility Balanced Strategy showed superior performance, outperforming DKNG's Deep Trend Analysis.
Price Growth Comparison
In terms of weekly price change, DKNG (@Casinos/Gaming) saw a +0.84% uptick, while NVDA (@Semiconductors) registered a substantial +14.74% growth. Although DKNG's growth mirrors the average weekly growth of +0.89% in the @Casinos/Gaming industry, it falls behind the average weekly growth of +3.30% in the @Semiconductors industry.
On a broader scale, the @Casinos/Gaming industry faced a slight contraction of -0.10% in the monthly average price growth but bounced back with a strong +13.68% quarterly growth. In contrast, the @Semiconductors industry has been booming, with an impressive monthly average growth of +20.32% and an even higher quarterly growth of +28.03%.
Forthcoming Earnings
Looking forward, investors should note that DKNG is set to report its earnings on August 4, 2023, while NVDA's earnings date is a bit later, on August 17, 2023. These reports will provide valuable insights into each company's financial performance and future outlook, which could influence stock prices.
While both NVDA and DKNG have shown considerable promise, our comparison reveals that NVDA, leveraging a Volatility Balanced Strategy, demonstrated higher gains and experienced a more robust weekly price growth. It also benefits from the burgeoning @Semiconductors industry, which shows stronger growth trends than the @Casinos/Gaming sector. However, investors are advised to factor in upcoming earnings reports and other market dynamics before making investment decisions.
DKNG in downward trend: 10-day moving average crossed below 50-day moving average on September 26, 2023
The 10-day moving average for DKNG crossed bearishly below the 50-day moving average on September 26, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 10 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 .
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.
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 points to a transition from a downward trend to an upward trend -- in cases where DKNG's RSI Oscillator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
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 (12.469) is normal, around the industry mean (10.786). P/E Ratio (0.000) is within average values for comparable stocks, (62.199). 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 (4.137) is also within normal values, averaging (5.351).
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.
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% | +2.05% | ||
| CZR - DKNG | 54% Loosely correlated | -0.65% | ||
| RSI - DKNG | 51% Loosely correlated | -2.26% | ||
| LNW - DKNG | 45% Loosely correlated | -1.16% | ||
| BALY - DKNG | 42% Loosely correlated | -4.20% | ||
| FLL - DKNG | 41% Loosely correlated | N/A | ||
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