When (DKNG) Moves Investors should Listen
November 08, 2024, 13:10 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DKNG
- Buy DKNG near 37.67 target 43.37 stop loss @ 37.56 Details
The technical summary data tells us to buy DKNG near 37.67 with an upside target of 43.37. This data also tells us to set a stop loss @ 37.56 to protect against excessive loss in case the stock begins to move against the trade. 37.67 is the first level of support below 39.2 , and by rule, any test of support is a buy signal. In this case, support 37.67 is being tested, a buy signal would exist.
- Short DKNG slightly under 43.37, target 37.67, stop loss @ 43.5 Details
The technical summary data is suggesting a short of DKNG as it gets near 43.37 with a downside target of 37.67. We should have a stop loss in place at 43.5though. 43.37 is the first level of resistance above 39.2, and by rule, any test of resistance is a short signal. In this case, if resistance 43.37 is being tested, a short signal would exist.
Swing Trading Plans for DKNG
- Buy DKNG slightly over 43.37, target n/a, Stop Loss @ 43.24 Details
If 43.37 begins to break higher, the technical summary data tells us to buy DKNG just slightly over 43.37, with an upside target of n/a. The data also tells us to set a stop loss @ 43.24 in case the stock turns against the trade. 43.37 is the first level of resistance above 39.2, and by rule, any break above resistance is a buy signal. In this case, 43.37, 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 43.37, target 38.24, Stop Loss @ 43.5. Details
The technical summary data is suggesting a short of DKNG if it tests 43.37 with a downside target of 38.24. We should have a stop loss in place at 43.5 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, 43.37, 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 39.45, target 43.37, Stop Loss @ 39.36 Details
If 39.45 begins to break higher, the technical summary data tells us to buy DKNG just slightly over 39.45, with an upside target of 43.37. The data also tells us to set a stop loss @ 39.36 in case the stock turns against the trade. 39.45 is the first level of resistance above 39.2, and by rule, any break above resistance is a buy signal. In this case, 39.45, 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 39.45, target 38.27, Stop Loss @ 39.54. Details
The technical summary data is suggesting a short of DKNG if it tests 39.45 with a downside target of 38.27. We should have a stop loss in place at 39.54 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, 39.45, 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 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
32.38 |
| P2 |
38.27 |
36.27 |
37.67 |
| P3 |
39.45 |
38.24 |
43.37 |
AI Generated Signals for DKNG
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Draftkings Inc. (NASDAQ: DKNG) report below is a real world example. Included are trading plans for DKNG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DKNG:
pool ads
