"Oversold" DraftKings Stock Could Rebound

Schaeffer's Investment Research12-17

DraftKings Inc (NASDAQ:DKNG) is 1.8% lower to trade at $39.18 at last check, pulling back toward its +10% year-to-date level and heading for a seventh-straight loss. This rut present an intriguing ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492661724?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/w7dgotcw2vtsVjha3nU9KQ--~B/aD0zMDU7dz02NDc7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/schaeffers_investment_research_24/0ac7535f21c7714a3ffdd93396e2aaf8","is_english":true,"pubTime":"2024-12-17 01:31","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492661724","market":"us","top_or_hot":-1,"title":"\"Oversold\" DraftKings Stock Could Rebound","media":"Schaeffer's Investment Research","content":"<div>\n<p>DraftKings Inc (NASDAQ:DKNG) is 1.8% lower to trade at $39.18 at last check, pulling back toward its +10% year-to-date level and heading for a seventh-straight loss. This rut present an intriguing ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oversold-draftkings-stock-could-rebound-173136328.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Oversold\" DraftKings Stock Could Rebound</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Oversold\" DraftKings Stock Could Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 01:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oversold-draftkings-stock-could-rebound-173136328.html><strong>Schaeffer's Investment Research</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DraftKings Inc (NASDAQ:DKNG) is 1.8% lower to trade at $39.18 at last check, pulling back toward its +10% year-to-date level and heading for a seventh-straight loss. This rut present an intriguing ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oversold-draftkings-stock-could-rebound-173136328.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4532","symbol_name":"文艺复兴科技持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/oversold-draftkings-stock-could-rebound-173136328.html","article_id":"2492661724","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/w7dgotcw2vtsVjha3nU9KQ--~B/aD0zMDU7dz02NDc7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/schaeffers_investment_research_24/0ac7535f21c7714a3ffdd93396e2aaf8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492661724","pubTimestamp":1734370296,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"DraftKings Inc is 1.8% lower to trade at $39.18 at last check, pulling back toward its +10% year-to-date level and heading for a seventh-straight loss. This rut present an intriguing buying opportunity, if past is precedent, as the sports betting stock just pulled back to a historically bullish trendline.According to data from Schaeffer's Senior Quantitative Analyst Rocky White,DraftKings stockis now within striking distance of its 80-day moving average. For the purpose of this study, White defines that as the equity trading above the moving average 80% of the time over the past two months and closing north of the trendline in eight of the last 10 sessions before coming within striking distance of it.Now looks like a good time to weigh in on DraftKings stock’s next move with options. Its Schaeffer's Volatility Index  of 42% stands in the low 7th percentile of annual readings, implying options players are pricing in relatively low volatility expectations at the moment.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4532":"文艺复兴科技持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4150":"赌场与赌博","CBOE":"芝加哥期权交易所","BK4112":"金融交易所和数据","RSI":"Rush Street Interactive, Inc.","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","BK4565":"NFT概念","BK4588":"碎股","DKNG":"DraftKings Inc."},"translate_title":"“超卖”DraftKings股票可能反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBOE":1,"RSI":1,"DKNG":0.9},"content_text":"DraftKings Inc (NASDAQ:DKNG) is 1.8% lower to trade at $39.18 at last check, pulling back toward its +10% year-to-date level and heading for a seventh-straight loss. This rut present an intriguing buying opportunity, if past is precedent, as the sports betting stock just pulled back to a historically bullish trendline.\nAccording to data from Schaeffer's Senior Quantitative Analyst Rocky White, DraftKings stock is now within striking distance of its 80-day moving average. For the purpose of this study, White defines that as the equity trading above the moving average 80% of the time over the past two months and closing north of the trendline in eight of the last 10 sessions before coming within striking distance of it.  \nPer White's data, five similar pullbacks occurred during the past three years. In the month after 80% of these signals, DKNG averaged an 8.7% gain, and finished higher 80% of the time. A comparable move would have the shares filling their month-to-date deficit.\n\nFueling the rebound case is the shares' 14-day relative strength index (RSI) of 21.6, firmly in \"oversold\" territory. An unwinding of pessimism in the options pits could add more tailwinds. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), DKNG's 10-day put/call volume ratio of 0.75 stands higher than 96% of readings from the past 12 months.\nNow looks like a good time to weigh in on DraftKings stock’s next move with options. Its Schaeffer's Volatility Index (SVI) of 42% stands in the low 7th percentile of annual readings, implying options players are pricing in relatively low volatility expectations at the moment.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492661724"}