| NKLA latest price $18.2650 (0.97%) ($18.2650 - $18.2650) on Thu. Jun. 24, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.95% (three month average) |
RSI | 57 |
Latest Price | $18.2650(0.97%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.6% a day on average for past five trading days. |
Weekly Trend | NKLA declines -0.3% 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(66%) ACES(65%) IBUY(64%) IPO(64%) ARKG(61%) |
Factors Impacting NKLA price | NKLA will decline at least -2.975% in a week (0% probabilities). VIXM(-39%) VXX(-32%) UUP(-14%) UNG(-5%) TLT(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.975% (StdDev 5.95%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0% |
| |
|
|