US Technical Analysis Report

One NASDAQ-Listed Gaming Stock Gaining Upside Momentum as Russell 3000 Inched Higher– DKNG

03 November 2023

Company Overview: DraftKings Inc. (NASDAQ: DKNG) is a digital sports entertainment and gaming company that offers users sports betting, online casino, and daily fantasy sports products, as well as media and other online consumer products.  This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendation on stock.

US Markets Round-Up

This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started the week with gains and continued to trade higher throughout. The index made high of 2466.187 during the week and settled at 2465.209 with a week-to-date (WTD) gain of ~4.84 percent on November 2, 2023Other major indices, such as S&P 500 and NASDAQ Composite witnessed upside movement for the week. On November 2, 2023, the S&P 500 index settled at ~4317.79 with a WTD gain of ~4.87 percent, while the NASDAQ Composite Index settled at 13294.19 with a WTD gain of ~5.15 percent.  

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