| NKLA latest price $11.9700 (-3.35%) ($11.9700 - $11.9700) on Thu. May. 13, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.18% (three month average) |
RSI | 55 |
Latest Price | $11.9700(-3.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 3.2% a day on average for past five trading days. |
Weekly Trend | NKLA declines -0.7% 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) ARKK(62%) IBUY(61%) IPO(61%) ACES(60%) ONLN(58%) |
Factors Impacting NKLA price | NKLA will decline at least -2.59% in a week (0% probabilities). VIXM(-32%) VXX(-29%) UUP(-15%) TLT(-5%) XLU(-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 | -2.59% (StdDev 5.18%) |
Hourly BBV | 0.3 () |
Intraday Trend | 0% |
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