| NKLA latest price $42.3700 (-15.34%) ($42.3100 - $50.1500) on Wed. Sep. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.52% (three month average) |
RSI | 53 |
Latest Price | $42.3700(-15.34%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.7% a day on average for past five trading days. |
Weekly Trend | NKLA advances 0.9% 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%) ONLN(45%) ARKK(44%) |
Factors Impacting NKLA price | NKLA will decline at least -5.26% 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 | -5.26% (StdDev 10.52%) |
Hourly BBV | 0 () |
Intraday Trend | -15.1% |
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