| NKLA latest price $11.1200 (1%) ($10.9900 - $11.4800) on Thu. Apr. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.51% (three month average) |
RSI | 64 |
Latest Price | $11.1200(1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.6% a day on average for past five trading days. |
Weekly Trend | NKLA advances 0.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) ACES(36%) IBUY(35%) IWC(34%) ARKK(33%) IPO(33%) |
Factors Impacting NKLA price | NKLA will decline at least -2.255% in a week (0% probabilities). VXX(-13%) VIXM(-13%) UUP(-11%) UNG(-5%) TLT(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.255% (StdDev 4.51%) |
Hourly BBV | 0 () |
Intraday Trend | -1.2% |
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