- Draftkings stock price is under sellers radar as buyers failed to sustain at the top.
- DKNG share price has fallen around 3.30% as soon as Thursday’s trading session started and sellers might try for a dip below $10.
- Investors in DKNG shares need to wait until buyers take charge during the day’s trading session.
DraftKings stock price has slipped around 3.30% as soon as Thursday’s trading session started and now the stock price is continuing the slippage. DKNG stock price needs to attract more buyers in order to avoid falling below $10 over the daily time frame chart. However, sellers are trying to pull the token towards the lower levels with rigorous selling pressure. DraftKings Inc. (DKNG) investors need to keep a watch over the trading volume as buyers might come for the rescue during the day’s trading session.
Draftkings stock price was at $13.44 and has dropped by 3.30% by the start of Thursday’s trading session. Trading volume can be observed under full control of sellers due to short-selling pressure over DKNG shares.
DraftKings stock price has been falling with downward momentum over the daily time frame chart. Meanwhile, volume change can be seen below average and needs to grow in favor of buyers during the day’s trading session. For the time being, DKNG share price is trying to sustain above 20 and 50-EMA while it’s still below 100 and 200-days Daily Moving Average. DraftKings share price must surge towards its recovery phase and must avoid falling below $10.
Will DraftKings Stock Price Sustain above $10?
DraftKings stock price needs to sustain at the current level to trace back its path towards success. Technical indicators suggests strong downside momentum of DraftKings stock price.
Relative Strength Index showcases the downtrend momentum of DKNG share price. RSI is at 55 and is heading towards neutrality for a breakdown. MACD exhibits that DraftKings share price might sustain above $10 and trace back its recovery phase. The MACD line is still ahead of the signal line showcasing that DKNG share price still holds hopes of investors.
Summary
DraftKings stock price has slipped around 3.30% as soon as Thursday’s trading session started and now the stock price is continuing the slippage. DKNG stock price needs to attract more buyers in order to avoid falling below $10 over the daily time frame chart. For the time being, DKNG share price is trying to sustain above 20 and 50-EMA while it’s still below 100 and 200-days Daily Moving Average. Technical indicators suggests strong downside momentum of DraftKings share price. Investors in DKNG shares need to wait until buyers take charge during the day’s trading session.
Technical Levels
Support Levels: $12.75 and $11.00
Resistance Levels: $15.00 and $17.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/01/19/draftkings-inc-dkng-under-sellers-radar-draftkings-stock-price-has-lost-3-30-already-in-thursday/