Primary Chart : DraftKings Inc. Weekly Price Chart with Fibonacci Levels and Downward Trendline from All-Time Highs DraftKings Inc., an innovative sports-betting company, has been one of the hottest stocks of this week after it beat earnings expectations and raised revenue guidance. Many are likely chasing the stock's price here without any discipline...
With another year of increased Revenues DraftKings is poised to see higher gains. " In August, DraftKings took the U.S. online gambling lead, according to a new study by prominent research entity Eilers & Krejcik Gaming, capturing 31% of overall gross gaming revenue compared to FanDuel’s 30%. " - frontofficesports.com
As shown on the daily chart DKNG has been on a clean rise this entire year now up 100% over the first six months. An earnings report is due in about three weeks. Sports betting may have some seasonability and most of all collegiate and professional sports are in the off season at this time. No matter, the chart shows a steady rise since the last earnings (...
Possible classic resistance turned to support, rounding bottom pattern, look left Vol Profile Vacuum could trigger a move to 45
Company : DraftKings has been showing Extreme Relative Strength after a nearly 100% move from its June Low to Recent Bear Market Highs. This Relative Strength is not from nowhere and definitely, can be attached to DraftKings leadership in the Sports Betting & Gambling industry. DraftKings has opened up huge money-generating partnerships with NFL, and other large...
Every time the upper AND lower bands in orange of the Bollinger pass within the Keltner Channel, there is a significant move. The direction is always unknown, but it's an excellent indicator of when a stock is coiled for a big move. The last few upper and lower band breaches resulted in big downwards moves. This most recent cross of both bands of the Bollinger...
Here's my chart for draftkings, when I go in closer, I see potential downside in the next few days, but there is a lot of potential upside in this stock in the long term with support coming from the bigger charts.
Draftkings is currently at the all time .886 retrace and forming a double bottom. Indicators in the 3d chart also look very bullish imho Stay safe in this crazy times !
$DKNG 1D Bounced perfectly off the 78.6% from all-time range. If > $23.5, possible to see 100% upside at the minimum...
Sorry Jim Chanos, you're just dead wrong about this one. You might be right about WYNN tho. Go long DKNG. Looking very attractive right here and appears to be forming another V recovery. The prior V recovery brought DKNG to its ATH of $74.38. This could send it to those levels for an initial test and then hopefully an eventual breakthrough. (They usually don't...
Penn on the weekly pretty bullish set up from a technical perspective for a swing trade going into EOY. Nice base forming with a weekly close at the 21EMA, however strong resistance zone $84-86 . Want to see a break of this, followed by possible retest similar to DEC 20 price action before continuing to the upside. Failed break of resistance zone invalidates...
$GNOG Golden Nugget Online Gaming and $RSI Ruth Street Interactive have traded roughly in the same range year to date up until $DKNG DraftKings announced its acquisition of GNOG on August 9th. There is currently about a 20% difference between the two stocks. Rumors have circulated of a possible acquisition of RSI by Flutter Entertainment $PDYPF. Rumors aside...
I'm remaining bullish here for as long as the 13-day MA keeps climbing above the 21-day. Solid structure forming with a clear break from its previous neckline/resistance. "According to an article in the European Business Review, domestic sports betting revenue in the U.S. is projected to be valued at $7 billion by 2025… and it continued saying that, according...
Sports-betting stock DraftKings doubled between last November and March. Now after a long pullback and consolidation, prices are trying to climb again. This chart shows how DKNG made a small jump following a strong quarterly report and guidance hike on August 6. It initially hit resistance at the 200-day simple moving average (SMA), but proceeded to break out...
Weekly Swing Watchlist Anyone else missing the US Equity market today??? #1 Secondary Watch $PENN HTF ACB/Daily IBO Long Monthly - Bullish engulfing/0.5 fib retrace Weekly - Support/Bullish engulfing/50 ema Daily - Descending triangle break out/Emas/MACD/Decel Will become G2G pending further pullback on the daily for an entry. Will eval LTF when closer...
SBET is a low float (<2m) sports betting company. With college and NFL football right around the corner, this stock is a steal at these prices. There was a solid rally at the end of the day today and will be looking for a big push come next week. There is clear resistance at 7.00 and could retrace and hopefully find support at the fib line below. Low volume=...
My marketMiracle advisor returned a purchase signal on $FUBO FUBOTV at a price of 21.43 USD with a target of 134.21 USD or a potential profit of 526 %.. To be honest, I think it is a bit too much, but we are well aware of the volatility characteristics of low-cap securities. Now, wanting to see the situation on the graph I do not feel like tracing a possible...
Obviously this industry is trying to get a running start on claiming a vacant spot since the pandemic. If the industry as a whole is multiplying their advertising budgets by 15X its not out of line to think that their overall profits will increase as well. Is double industry earnings year over year out of the question? by iCantw84it 05.19.2021