When the Price of (DKNG) Talks, People Listen

November 19, 2024, 02:50 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DKNG

• Buy DKNG near 37.97 target 43.72 stop loss @ 37.86 Details

The technical summary data tells us to buy DKNG near 37.97 with an upside target of 43.72. This data also tells us to set a stop loss @ 37.86 to protect against excessive loss in case the stock begins to move against the trade. 37.97 is the first level of support below 42.35 , and by rule, any test of support is a buy signal. In this case, support 37.97 is being tested, a buy signal would exist.

• Short DKNG slightly under 43.72, target 37.97, stop loss @ 43.85 Details

The technical summary data is suggesting a short of DKNG as it gets near 43.72 with a downside target of 37.97. We should have a stop loss in place at 43.85though. 43.72 is the first level of resistance above 42.35, and by rule, any test of resistance is a short signal. In this case, if resistance 43.72 is being tested, a short signal would exist.

Swing Trading Plans for DKNG

• Buy DKNG slightly over 43.72, target 44.81, Stop Loss @ 43.59 Details

If 43.72 begins to break higher, the technical summary data tells us to buy DKNG just slightly over 43.72, with an upside target of 44.81. The data also tells us to set a stop loss @ 43.59 in case the stock turns against the trade. 43.72 is the first level of resistance above 42.35, and by rule, any break above resistance is a buy signal. In this case, 43.72, 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 43.72, target 41.39, Stop Loss @ 43.85. Details

The technical summary data is suggesting a short of DKNG if it tests 43.72 with a downside target of 41.39. We should have a stop loss in place at 43.85 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, 43.72, 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 43.72, target 44.81, Stop Loss @ 43.62 Details

If 43.72 begins to break higher, the technical summary data tells us to buy DKNG just slightly over 43.72, with an upside target of 44.81. The data also tells us to set a stop loss @ 43.62 in case the stock turns against the trade. 43.72 is the first level of resistance above 42.35, and by rule, any break above resistance is a buy signal. In this case, 43.72, 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 43.72, target 41.68, Stop Loss @ 43.82. Details

The technical summary data is suggesting a short of DKNG if it tests 43.72 with a downside target of 41.68. We should have a stop loss in place at 43.82 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, 43.72, 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 November 19:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	32.62
P2	39.68	41.39	37.97
P3	41.68	44.81	43.72

AI Generated Signals for DKNG

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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.