DraftKings Stock Pattern Recognition Ladder Bottom
| DKNG Stock | USD 25.56 -0.01 -0.04% |
| Symbol |
Recognition |
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was fourteen with a total number of output elements of forty-seven. The function did not return any valid pattern recognition events for the selected time horizon. The Ladder Bottom is a reversal pattern describing DraftKings bullish trend.
DraftKings Technical Analysis Modules
Most technical analysis of DraftKings help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for DraftKings from various momentum indicators to cycle indicators. When you analyze DraftKings charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Stock Overview, Methodology & Data Sources
The stock goes through a sell-off trajectory.DraftKings Inc. operates a digital sports entertainment and gaming company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts. Draftkings operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 3400 people. The stock overview for DraftKings summarizes business drivers, financial profile, and market behavior. The company is positioned within Gambling, Online Gaming, Casinos. Current metrics include P/E of 106.37, P/B of 19.63, profit margin of 0.06%. DraftKings has a market cap of 12.51 B, P/E of 106.37, ROE of 0.45%.
Methodology
Unless otherwise specified, financial data for DraftKings is derived from periodic company reporting (annual and quarterly where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on asset type. DraftKings (USA Stocks:DKNG) prices are typically delayed by approximately 20 minutes from primary exchanges for listed equities. Data may be delayed depending on reporting sources and market conventions. Assumptions: Information for DraftKings is compiled from public filings and market reference sources and official sources including U.S. Securities and Exchange Commission (SEC) via EDGAR. Reporting latency may occur in some cases. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.
Analyst Sources
DraftKings may have analyst coverage included in Macroaxis-derived consensus inputs when available. Updates may occur throughout the day.
This content is curated and reviewed by:
Raphi Shpitalnik - Junior Member of Macroaxis Editorial BoardSome investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DraftKings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DraftKings' short interest history, or implied volatility extrapolated from DraftKings options trading.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Video Games Invested few shares | |
 | Investor Favorites Invested over 20 shares | |
 | Macroaxis Index Invested over 60 shares | |
 | Momentum Invested few shares | |
 | Social Domain Invested few shares | |
 | Hedge Favorites Invested few shares | |
 | Corona Opportunity Invested few shares | |
 | SRI Sustainable Growth Invested few shares | |
 | Impulse Invested over 200 shares | |
 | ESG Investing Invested few shares | |
 | Driverless Cars Invested few shares | |
 | Cash Cows Invested few shares |
More Resources for DraftKings Stock Analysis
A comprehensive view of DraftKings starts with financial statements and ratio context. Financial ratios provide context for profitability, efficiency, and growth trends. Outlined below are key reports that provide context for DraftKings Stock:DraftKings has a market cap of 12.51 B, operating margin of 8.29%, ROE of 0.45%. See Investing Opportunities for portfolio-level analysis. This suggests a position in DraftKings within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. For a detailed overview of how to trade DraftKings Stock, see our How to Trade DraftKings Stock guide.Analysis related to DraftKings should be read together with other portfolio and risk tools before capital is reallocated. That is especially important when the goal is to improve the overall mix of instruments already held. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Understanding DraftKings includes distinguishing between market value and book value, where book value reflects DraftKings's accounting equity. DraftKings' market capitalization is 12.51 B. With a P/B ratio of 19.63, the market values DraftKings well above its book equity. Enterprise value stands at 13.16 B. The intrinsic value concept focuses on underlying worth, which can diverge from market price and book value. Valuation work aligns these measures into a single context.
The concept of value for DraftKings differs from its quoted price, since each reflects a different lens. For DraftKings, key inputs include a P/E ratio of 106.37, a P/B ratio of 19.63, a profit margin of 0.06%, and ROE of 0.45%. Trading price represents the transaction level agreed by market participants.