| NKLA latest price $33.7500 (-0.65%) ($31.2500 - $38.8800) on Thu. Jun. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.86% (three month average) |
RSI | 64 |
Latest Price | $33.7500(-0.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 4% a day on average for past five trading days. |
Weekly Trend | NKLA advances 17.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) IWC(40%) ACES(39%) PEJ(38%) IBUY(37%) IWO(36%) |
Factors Impacting NKLA price | NKLA will decline at least -3.93% in a week (0% probabilities). VXX(-16%) VIXM(-15%) UUP(-12%) UNG(-4%) 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 | -3.93% (StdDev 7.86%) |
Hourly BBV | 0 () |
Intraday Trend | -10.1% |
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