| NKLA latest price $15.9750 (4.62%) ($15.9750 - $16.1600) on Mon. Jan. 4, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.46% (three month average) |
RSI | 43 |
Latest Price | $15.9750(4.62%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 2.9% a day on average for past five trading days. |
Weekly Trend | NKLA declines -3% 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(56%) ACES(55%) ARKK(55%) IPO(53%) ONLN(53%) |
Factors Impacting NKLA price | NKLA will decline at least -3.73% in a week (0% probabilities). VIXM(-24%) VXX(-23%) UUP(-14%) XLU(-8%) 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 | -3.73% (StdDev 7.46%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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