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Takip Edin: @UscMarketsDKNG Stock Forecast & DraftKings Chart Analysis
This article provides a detailed analysis of DKNG-DraftKings Inc. stock including a forecast for DKNG shares. It features DraftKings Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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DKNG Historical Data Review
DKNG Current Price Performance Analysis
The DraftKings - DKNG stock traded on the American stock market, on 06-05-2024, closed at 36.66$ with a %3.21 increased compared to the previous day.
In the last month, the price of DKNG changed by %-16.81 decreased in value, from 44.07 dollars on 05-06-2024 to 36.66 dollars, decreased.
Last year, the price of DKNG was 25.98 dollars on 06-06-2023, and changed by %41.11 increased in value, to 36.66 dollars increased within a year.
The price of DraftKings stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
DKNG with AI Stock Forecast & Price Target
On the DKNG chart DraftKings price was recorded as 36.66 Dollars on 06/05/2024.
The artificial intelligence's forecast on DKNG stock is as follows.
The artificial intelligence's prediction error margin for DKNG stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for DraftKings stock over the next 4 months is: 66.5 Dollars.
The commentary on DKNG stock Target Price: Highest: 81.433 Dollars is predicted.
The commentary on DKNG stock Target Price: Lowest: 42.771 Dollars is predicted.
Resistance Price where DraftKings stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 65.515 |
| 10-08-2024 | 75.672 |
| 12-02-2024 | 66.945 |
| 01-31-2025 | 81.433 |
Support Price where DraftKings stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 63.583 |
| 11-12-2024 | 65.461 |
| 12-17-2024 | 65.440 |
| 03-07-2025 | 61.677 |
The commentary on DKNG stock: The target price can generally be said to be on the rise.
The commentary on DKNG stock: Fluctuations in the target price can be expected in the coming days.
The target price for DraftKings stock by the end of 2024 is predicted to be 66.506 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on DKNG stock, and the 2024 target price predictions for DraftKings are detailed above.
The technical analysis and charts for the commentary on DKNG stock are below.
DKNG Support & Resistance and Trend Analysis
DKNG stock you have reviewed the technical analysis support resistance charts regarding.
DKNG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the DKNG review, the DraftKings support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
DraftKings Support and Resistance Prices:
| DKNG Support Level Price | DKNG Resistance Level Price |
|---|---|
| 31.98 | 36.32 |
| 34.15 | 38.97 |
| 34.85 | 39.35 |
| 39.04 | 45.24 |
| 40.07 | 45.62 |
| 40.56 | 46.29 |
| 43.33 | 47.74 |
| 49.57 |
DKNG Technical Analysis: SMA, RSI, MACD
Upon reviewing the DKNG chart, buy and sell signals have been generated in the DraftKings technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for DKNG stock are as follows:- DKNG technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for DraftKings gave a 'Buy' signal when the RSI was at 29.666, with the current RSI value at 16.083.
- The technical analysis for DraftKings indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for DraftKings stock: Click here to read more predictions on Markel Group stock.
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