| NKLA latest price $24.2500 (0.58%) ($22.0900 - $26.3000) on Fri. Oct. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 11.4% (three month average) |
RSI | 35 |
Latest Price | $24.2500(0.58%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 4.7% a day on average for past five trading days. |
Weekly Trend | NKLA declines -21.6% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) ACES(52%) IBUY(52%) ONLN(50%) ARKK(49%) IWC(48%) |
Factors Impacting NKLA price | NKLA will decline at least -5.7% in a week (0% probabilities). VXX(-21%) VIXM(-21%) UUP(-14%) UNG(-5%) 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 | -5.7% (StdDev 11.4%) |
Hourly BBV | 0 () |
Intraday Trend | 8.7% |
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