Should I Buy Draftkings Inc Stock?
Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. DKNG has several negative signals and is within a falling trend, so we believe it will perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Our analysis conclusion for this stock is a Strong Sell candidate.
DKNG stock price ended at $37.68 on Tuesday, after losing -0.66%
The Draftkings Inc stock price decreased by -0.66% on the last trading day (13 May 2025), dropping from 37.99 to 37.68. Throughout the last trading session, the stock experienced a fluctuation of 2.62% , ranging from a day low of $37.195 to a day high of 38.17. The price has declined in 4 of the last 10 days, resulting in a total change of 13.43% during this period. On the last day, trading volume decrease by -2.60M shares, with the falling prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 12.31M shares were traded, amounting to approximately 465.71M.
DKNG Technical Signals
DKNG(Draftkings Inc Corp) has 5 buy signals and 4 sell signals now. The current trend is downtrend starting from 2025-04-23. The total price change during this trend is +11.22%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of DKNG over the last 5 trading days is 568.89M. Overall, the technical indicator signals lean more toward a Neutral outlook in the mid-term.
DKNG Moving Average Analysis
Draftkings Inc's overall moving average trend leans more bullish as of Wednesday, May 14, 2025, with 2 negative signals and 2 positive signal. In the mid-term, the SMA_20 being below the SMA_60 signals a strong bearish trend. There will be some resistance from the lines at $39.28945553333334, and $41.78693333333334. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $31.208611133333335, and $28.711133333333336. A break-down below any of these levels will issue sell signals.
DKNG Short Selling Analysis
The short sale ratio of Draftkings Inc(DKNG) as of 09 May 2025 is 25.59%, rising from last trading day. With increasing price from 35.35 to 36.23. The short sell activity indicate that short sellers may be anticipating a price reversion.
Technical Signal
Technical Signals Summary
Sell
4
Buy
5
Moving Average
Swing
PositiveStock Price Above SMA_5
Short Term
PositiveSMA_5 Above SMA_20
Mid Term
NegativeSMA_20 Below SMA_60
Long Term
NegativeSMA_60 Below SMA_200
Short Selling
Close Price
Short Sale Ratio
Short Sale Volume
5 Bullish Signals
When Value satisfies Signal, Indicator signals Bullish
Indicators
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
1.256
Bullish
Momentum (10 days)
MOM_10 > 0
4.59
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.0743
Bullish
Closing price
close > fibonacci_R1
37.87
Bullish
Moving Average
Price crosses above 60-day SMA
--
Bullish
4 Bearish Signals
When Value satisfies Signal, Indicator signals Bearish
Indicators
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 > 80
80.462
Bearish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 > 100
313.613
Bearish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 > 80
100
Bearish
Williams %R (14 days)
WILLR_14 > -20
-14.99
Bearish
DKNG Price Prediction & Forecast by Similar Chart Analysis
Based on historical patterns and backtesting of stocks with similar movements to Draftkings Inc(DKNG), our algorithm predicts DKNG's 1-month price at $16.36, with an -52.24%downwardshift. Using a similarity score up to 95.72%and other factors, This forecast updates weekly, adjusting for significant deviations.
Similar Chart
The price prediction chart for Draftkings Inc (DKNG.O) stock, as of Sunday, May 4, 2025 , forecasts a -52.24% change over the next month, based on its high correlation with STIM.O stock patterns. The similarity between their price movements over the analyzed periods is 95.72%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
DKNG
No Data
STIM
Down: -52.24%Similarity: 95.72%
Name
Similarity
Up/Down
STIM.O
95.72%
-52.24%
SNCR.O
95.65%
+20.00%
ADSK.O
94.95%
+28.77%
BRSP.N
94.95%
+24.35%
ALIT.N
94.80%
+17.99%
EVI.A
94.80%
+11.31%
SVC.O
94.79%
+12.06%
GPMT.N
94.62%
+15.47%
FUNC.O
94.62%
+50.16%
SRDX.O
94.56%
-14.26%
DKNG Seasonality Analysis
Based on DKNG's historical stock price data across all years, the probability of a positive return in May is50.00%, suggesting it maybe an ideal month to invest in DKNG. In contrast,Februaryoffers the highest probability of positive returns at100.00%, making it a potentially strong month for investment.
However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.
Monthly Seasonality
The radar chart shows that buying Draftkings Inc (DKNG.O) stock in February has the highest probability of a positive return (100.00%), while December has the lowest probability (16.67%).
Performance Seasonality
The chart shows Draftkings Inc. (DKNG)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.
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FAQ
Should I buy Draftkings Inc (DKNG.O) stock?
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