| NKLA latest price $60.5000 (-6.94%) ($53.0000 - $68.9900) on Thu. Jun. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 14.97% (three month average) |
RSI | 82 |
Latest Price | $60.5000(-6.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 9.3% a day on average for past five trading days. |
Weekly Trend | NKLA advances 63% 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) IWC(40%) ACES(39%) PEJ(37%) IBUY(36%) IWO(36%) |
Factors Impacting NKLA price | NKLA will decline at least -7.485% in a week (0% probabilities). VXX(-16%) VIXM(-15%) UUP(-11%) 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 | -7.485% (StdDev 14.97%) |
Hourly BBV | 0 () |
Intraday Trend | 10% |
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