DraftKings Stock Is Trending Today: What Does The Chart Say?

DraftKings shares are under pressure. Why is DKNG stock retreating?The stock is continuing a multi‑week slide. Shares remain firmly in a downtrend, sitting well below key moving averages and extending a broader decline of 44% over the past 12 months, leaving the stock much closer to its 52‑week low than its high.What the Chart Is SignalingThe technical setup remains decisively bearish. DKNG is trading 14.3% below its 20‑day SMA and 28.8% below its 100‑day SMA, keeping both the short‑ and intermediate‑term t ...