Draftkings Stock Forecast

Hold candidate since Jun 26, 2026

The DraftKings stock price gained 11.26% on the last trading day (Friday, 26th Jun 2026), rising from $23.10 to $25.70. During the last trading day the stock fluctuated 10.38% from a day low at $23.32 to a day high of $25.74. The price has fallen in 8 of the last 10 days and is down by -14.39% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately $429.82 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.77% during the next 3 months and, with a 90% probability hold a price between $27.77 and $36.94 at the end of this 3-month period.

DKNG Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 25, 2026, and so far it has risen 11.26%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DraftKings stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $25.75. On a fall, the stock will find some support from the short-term average at $25.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for DraftKings stock

DraftKings finds support from accumulated volume at $25.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.42 between high and low, or 10.38%. For the last week, the stock has had daily average volatility of 6.00%.

Our recommended stop-loss: $24.69 (-3.94%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (DKNG) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect DraftKings, Inc. to open at $24.92, and during the day (based on 14 day Average True Range), to move between $24.97 and $26.43, which gives a possible trading interval of +/-$1.47 (+/-5.87%) up or down from last closing price. If DraftKings, Inc. takes out the full calculated possible swing range there will be an estimated 5.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.52 (0.70%) than the resistance at $27.59 (7.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DraftKings, Inc. stock A Buy?

DraftKings holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold candidate.

Current score: -0.224 Hold/Accumulate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 29, 2026 - $24.92 ( 3.04%).

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