| NKLA latest price $34.5000 (17.31%) ($30.5900 - $37.9500) on Tue. Nov. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.56% (three month average) |
RSI | 84 |
Latest Price | $34.5000(17.31%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 9.7% a day on average for past five trading days. |
Weekly Trend | NKLA advances 24.6% 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) ACES(52%) IBUY(52%) ARKK(50%) ONLN(50%) IPO(48%) |
Factors Impacting NKLA price | NKLA will decline at least -4.78% in a week (0% probabilities). VIXM(-21%) VXX(-20%) UUP(-13%) XLU(-7%) UNG(-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 | -4.78% (StdDev 9.56%) |
Hourly BBV | 0 () |
Intraday Trend | 6.2% |
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