| NKLA latest price $18.7050 (9.32%) ($18.7050 - $18.7400) on Tue. Jan. 12, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.57% (three month average) |
RSI | 57 |
Latest Price | $18.7050(9.32%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 3.1% a day on average for past five trading days. |
Weekly Trend | NKLA advances 5.9% 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) ACES(57%) ARKK(57%) IBUY(57%) IPO(55%) ONLN(54%) |
Factors Impacting NKLA price | NKLA will decline at least -3.785% in a week (0% probabilities). VIXM(-25%) VXX(-23%) UUP(-15%) XLU(-9%) 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 | -3.785% (StdDev 7.57%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
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