Dkng stock forecast market breadth indicators used in DKNG

Market breadth indicators used in DKNG stock forecast suggest DraftKings outperforms sector peers year-to-date. Liquidity inflows from ETFs tracking online gaming raise price support levels. FanDuel's parent company, Flutter Entertainment, saw a steep stock-market drop on Tuesday. Investors are on top of the development. DraftKings ( NASDAQ: DKNG ) slumped 8.4% in morning trading, and FanDuel owner Flutter Entertainment ( NYSE: FLUT ) is down 6.5% . MGM Resorts ( MGM ) is down 3.3% . While not a sports betting pure play, the company owns a 50% stake in BetMGM. In technical analysis, DKNG stock forecast shows critical resistance at $49.