Draftkings Inc (DKNG)

Draftkings Inc is trading at $21.67, down 8.22% on the session. The 50 day average sits at $25.45 and the 200 day at $27.58, which puts the stock in a downtrend. RSI is at 39.3, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $23.08 with resistance near $24.84, so that band frames the current range. Average daily movement is roughly $1.05, or about 4.9% of the share price, which is what any stop placement has to allow for. The overall health score of 28 out of 100 combines a trend score of 7, momentum of 24 and a risk score of 68.

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks. It also provides iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.