| NKLA latest price $11.8000 (-2.8%) ($11.3501 - $12.2000) on Wed. Apr. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.59% (three month average) |
RSI | 65 |
Latest Price | $11.8000(-2.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.5% a day on average for past five trading days. |
Weekly Trend | NKLA advances 3.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) ACES(36%) IBUY(35%) IWC(35%) ARKK(33%) IPO(33%) |
Factors Impacting NKLA price | NKLA will decline at least -2.295% 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 | -2.295% (StdDev 4.59%) |
Hourly BBV | 0 () |
Intraday Trend | -2.8% |
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