| NKLA latest price $41.3500 (5.19%) ($38.6100 - $41.9300) on Fri. Aug. 28, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 15.84% (three month average) |
RSI | 42 |
Latest Price | $41.3500(5.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1% a day on average for past five trading days. |
Weekly Trend | NKLA declines -5.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) IBUY(48%) ACES(47%) IWC(45%) ARKK(44%) ONLN(44%) |
Factors Impacting NKLA price | NKLA will decline at least -7.92% in a week (0% probabilities). VXX(-20%) VIXM(-20%) UUP(-13%) UNG(-7%) XLU(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -7.92% (StdDev 15.84%) |
Hourly BBV | 0 () |
Intraday Trend | 6% |
| |
|
|