| NKLA latest price $18.9200 (2.6%) ($18.5800 - $19.3800) on Tue. Dec. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.1% (three month average) |
RSI | 50 |
Latest Price | $18.9200(2.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.7% a day on average for past five trading days. |
Weekly Trend | NKLA declines -14.8% a week on average for past two weeks. |
Market Behavior | Value stock 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(54%) ACES(53%) ARKK(53%) ONLN(51%) IPO(50%) |
Factors Impacting NKLA price | NKLA will decline at least -4.55% in a week (0% probabilities). VIXM(-23%) VXX(-21%) 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 | -4.55% (StdDev 9.1%) |
Hourly BBV | 0 () |
Intraday Trend | 1.2% |
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