| NKLA latest price $75.0600 (7.23%) ($68.3000 - $75.7100) on Tue. Jun. 23, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 14.98% (three month average) |
RSI | 81 |
Latest Price | $75.0600(7.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 3.7% a day on average for past five trading days. |
Weekly Trend | NKLA advances 14% 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) ACES(43%) IBUY(43%) IWC(43%) ARKK(40%) IWO(40%) |
Factors Impacting NKLA price | NKLA will decline at least -7.49% in a week (0% probabilities). VXX(-20%) VIXM(-19%) UUP(-12%) UNG(-5%) TLT(-5%) |
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 | -7.49% (StdDev 14.98%) |
Hourly BBV | 0 () |
Intraday Trend | 8.4% |
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