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DraftKings's 15min chart shows MACD Golden Cross, Bollinger Bands expanding upward.
ByAinvest
Thursday, Jul 10, 2025 11:49 am ET1min read
DraftKings' 15-minute chart has recently triggered a significant technical indicator, namely the MACD Golden Cross, as well as Bollinger Bands expanding upward. This development occurred on July 10, 2025, at 11:45. As a result, there is a strong indication that the stock price has the potential to continue rising, driven by the prevailing market trend which is being fueled by buying activity.
On July 10, 2025, at 11:45, DraftKings' (DKNG) 15-minute chart triggered a significant technical indicator, namely the MACD Golden Cross, as well as expanding Bollinger Bands. This development suggests a strong indication of rising stock prices, driven by prevailing market trends fueled by buying activity.The MACD Golden Cross occurs when the 12-day Exponential Moving Average (EMA) crosses above the 26-day EMA. This crossover is considered a bullish signal, indicating a potential upward trend in the stock price [3]. The Bollinger Bands expanding upward also suggest increased volatility and a potential upward movement in the price [3].
According to the latest data, DraftKings stock has been in a short-term rising trend, with a 25.84% expected increase over the next three months [1]. The stock's recent performance has seen it gain 13.05% since June 16, 2025, and it has outperformed the S&P 500 and the broader market [2].
The stock's technical indicators are generally positive, with the MACD and RSI suggesting buying opportunities. However, there are some negative signals as well, such as the sell signal from a pivot top point on Monday, June 30, 2025 [1]. The stock has support levels at $36.23 and $35.35, but if these are breached, the stock could fall to the next support level at $33.73 [1].
Investors should closely monitor DraftKings stock, as it has a fair chance of performing well in the short term. The stock's current Zacks Rank of #3 (Hold) suggests a moderate buy candidate, with a predicted fair opening price of $42.65 on July 10, 2025 [2].
References:
[1] https://stockinvest.us/stock/DKNG
[2] https://www.nasdaq.com/articles/draftkings-dkng-laps-stock-market-heres-why
[3] https://financhill.com/stock-price-chart/dkng-technical-analysis
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