When the Price of (DKNG) Talks, People Listen
October 08, 2024, 05:20 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DKNG
- Buy DKNG near 33.15 target 39.3 stop loss @ 33.05 Details
The technical summary data tells us to buy DKNG near 33.15 with an upside target of 39.3. This data also tells us to set a stop loss @ 33.05 to protect against excessive loss in case the stock begins to move against the trade. 33.15 is the first level of support below 37.8 , and by rule, any test of support is a buy signal. In this case, support 33.15 would be being tested, so a buy signal would exist.
- Short DKNG slightly under 39.3, target 33.15, stop loss @ 39.41 Details
The technical summary data is suggesting a short of DKNG as it gets near 39.3 with a downside target of 33.15. We should have a stop loss in place at 39.41though. 39.3 is the first level of resistance above 37.8, and by rule, any test of resistance is a short signal. In this case, if resistance 39.3 is being tested, so a short signal would exist.
Swing Trading Plans for DKNG
- Buy DKNG slightly over 39.3, target 45.61, Stop Loss @ 39.19 Details
If 39.3 begins to break higher, the technical summary data tells us to buy DKNG just slightly over 39.3, with an upside target of 45.61. The data also tells us to set a stop loss @ 39.19 in case the stock turns against the trade. 39.3 is the first level of resistance above 37.8, and by rule, any break above resistance is a buy signal. In this case, 39.3, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DKNG slightly near 39.3, target 36.83, Stop Loss @ 39.41. Details
The technical summary data is suggesting a short of DKNG if it tests 39.3 with a downside target of 36.83. We should have a stop loss in place at 39.41 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 39.3, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DKNG
- Buy DKNG slightly over 38.65, target 39.3, Stop Loss @ 38.56 Details
If 38.65 begins to break higher, the technical summary data tells us to buy DKNG just slightly over 38.65, with an upside target of 39.3. The data also tells us to set a stop loss @ 38.56 in case the stock turns against the trade. 38.65 is the first level of resistance above 37.8, and by rule, any break above resistance is a buy signal. In this case, 38.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DKNG slightly near 38.65, target 37.62, Stop Loss @ 38.74. Details
The technical summary data is suggesting a short of DKNG if it tests 38.65 with a downside target of 37.62. We should have a stop loss in place at 38.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 38.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Draftkings Inc. (DKNG) available here: DKNG.
DKNG Ratings for October 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
33.15 |
| P2 |
37.62 |
36.83 |
39.3 |
| P3 |
38.65 |
39.14 |
45.61 |
AI Generated Signals for DKNG
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Draftkings Inc. (NASDAQ: DKNG) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for DKNG can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DKNG:
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