| NKLA latest price $12.9800 (7.14%) ($12.9800 - $12.9800) on Mon. May. 17, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.28% (three month average) |
RSI | 53 |
Latest Price | $12.9800(7.14%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 2.8% a day on average for past five trading days. |
Weekly Trend | NKLA advances 2.6% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Value stock 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 -2.64% in a week (0% probabilities). VIXM(-32%) VXX(-29%) UUP(-14%) 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 | -2.64% (StdDev 5.28%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
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