Draftkings Stock Forecast

Sell candidate since Jul 22, 2026 Gain 5.26%

The DraftKings stock price gained 8.39% on the last trading day (Friday, 7th Aug 2026), rising from $22.17 to $24.03. During the last trading day the stock fluctuated 10.23% from a day low at $21.90 to a day high of $24.14. The price has risen in 6 of the last 10 days and is up by 4.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 million more shares were traded than the day before. In total, 38 million shares were bought and sold for approximately $907.81 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.40% during the next 3 months and, with a 90% probability hold a price between $20.31 and $26.94 at the end of this 3-month period.

DKNG Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, August 05, 2026, and so far it has risen 10.43%. 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 $24.72. On a fall, the stock will find some support from the short-term average at $23.18. 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 $22.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.24 between high and low, or 10.23%. For the last week, the stock has had daily average volatility of 5.53%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DKNG) For The Upcoming Trading Day Of Monday 10th

For the upcoming trading day on Monday, 10th we expect DraftKings, Inc. to open at $23.36, and during the day (based on 14 day Average True Range), to move between $23.44 and $24.62, which gives a possible trading interval of +/-$1.18 (+/-5.05%) up or down from last closing price. If DraftKings, Inc. takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.49 (1.91%) than the support at $22.83 (4.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is DraftKings, Inc. stock A Buy?

DraftKings holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.773 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on August 10, 2026 - $23.36 ( 2.80%).

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