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DRAFTKINGS DRN

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D2KN34 trade ideas

DKNG 1W – Technical and Fundamental AnalysisDKNG shares have broken a rising wedge on the weekly chart, reinforcing a bearish signal. The price is testing the $35.29 level after failing to hold above $36.88. A breakdown below $31.74 could accelerate a decline toward $28.67 and $14.89. RSI indicates weakening bullish momentum, MACD shows a bearish crossover, and EMA 50 and EMA 200 confirm a long-term uptrend but signal correction risks. Fundamentally, DraftKings remains a leader in online gambling, but its stock is sensitive to Fed rate decisions and macroeconomic conditions. The upcoming earnings report could also impact price action. Correlation with the Nasdaq and S&P 500 increases its dependence on overall market sentiment. A confirmed break below $31.74 could lead to further downside toward $28.67 and $14.89. If the price holds above $35.29, a recovery toward $36.88 is possible.
NASDAQ:DKNGShort
by TotoshkaTrades
8
DKNG Update | Crash AheadOne of the best fractal overlays I've seen with some Elliott Waves to go with it. Price is still in a uptrend but with growing sellers It'll come to an end similar to the last fractal. During the 3rd wave in the last pattern price experienced its first pullback at (B), and its second at correction wave 4 and the third after the last wave before we witnessed the last push in buyers. This current cycle price is in a similar stage with a swing low at (b) meaning that we could see another run-up towards major resistance ($63). This would be the final blow-off-top in general markets. TVC:RUT is already showing signs of weakness which works well with this TA example. When the time is right I'll do another TA for the downfall. For now I'm bullish but for the horizon I'm very bearish.
NASDAQ:DKNGLong
by Nathanl19
5
$DKNG makes a Peg gap and pulls back into great support buy area🚨 NASDAQ:DKNG Just Formed a Perfect Peg Gap—Is This the Buy Zone? DraftKings ( NASDAQ:DKNG ) just made a Peg gap and is now pulling back into a strong support zone—creating what could be a prime buying opportunity for sharp-eyed traders. 👀 Here’s what’s setting up: ✅ Peg Gap Formation: A bullish signal indicating momentum is still in play. ✅ Pullback to Key Support: Price is settling into a high-confluence buy area. ✅ Potential Bounce Setup: Risk/reward looks 🔥 for a move higher. Why does this matter? Because when stocks pull back into solid support after a breakout gap, it often sets up the next leg higher. With sports betting continuing to grow and NASDAQ:DKNG maintaining bullish fundamentals, this could be the perfect moment to jump in before the next rally. 🎯 Watch for confirmation near support—this could move fast. 🚀
NASDAQ:DKNGLong
by RB_T
$DKNG Short-term Bullish, Daily TimeframeHey what's up ya'll! I hope you guys are doing well. There are many companies that are reporting earnings this week ( NASDAQ:DKNG is reporting next week Thursday, Nov 7). I'm still debating whether or not to hold contract passed earnings since it may cause a drop and I would rather exit then to hold. If I'm up at least 15% on the contract I'll put a trailing stop loss. Contract purchased: - 17 JAN 25 40c (down -5%) Entry Price: - $37.22 @ 3:34pm Rationale for contract: - Price appears to have hit a support around $36 (previous resistance) - Price hit the all-time 0.618 bullish Fibonacci - MACD curling up; blue line approaching the orange line that indicates bullishness - RSI @ 46; near the medium line of 50 Conclusion: If price goes below the previous weekly low at $36, I'll cut. If price hits $41 before earnings, I'll sell or put a 5% trailing stop loss.
NASDAQ:DKNGLong
by Brandonthrives