| NKLA latest price $20.1700 (7.83%) ($20.1700 - $20.1700) on Wed. Jan. 13, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.64% (three month average) |
RSI | 61 |
Latest Price | $20.1700(7.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 4.6% a day on average for past five trading days. |
Weekly Trend | NKLA advances 9.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off 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 -3.82% 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 | -3.82% (StdDev 7.64%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0% |
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