| NKLA latest price $64.0000 (5.79%) ($61.0000 - $67.5900) on Fri. Jun. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 14.95% (three month average) |
RSI | 82 |
Latest Price | $64.0000(5.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 8.9% a day on average for past five trading days. |
Weekly Trend | NKLA advances 67.9% 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) IWC(40%) ACES(39%) IBUY(37%) PEJ(37%) XRT(37%) |
Factors Impacting NKLA price | NKLA will decline at least -7.475% 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 | -7.475% (StdDev 14.95%) |
Hourly BBV | 0 () |
Intraday Trend | -5.1% |
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