| NKLA latest price $50.0500 (40.79%) ($42.4400 - $54.5600) on Tue. Sep. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.41% (three month average) |
RSI | 64 |
Latest Price | $50.0500(40.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 4.8% a day on average for past five trading days. |
Weekly Trend | NKLA declines -0.1% 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) IBUY(48%) ACES(47%) IWC(45%) ONLN(45%) ARKK(44%) |
Factors Impacting NKLA price | NKLA will decline at least -5.205% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -5.205% (StdDev 10.41%) |
Hourly BBV | 0 () |
Intraday Trend | 8.8% |
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