| NKLA latest price $17.8100 (-6.02%) ($17.8100 - $17.8100) on Tue. Jun. 29, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.02% (three month average) |
RSI | 52 |
Latest Price | $17.8100(-6.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.5% a day on average for past five trading days. |
Weekly Trend | NKLA advances 4.3% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) ARKK(66%) ACES(64%) IBUY(64%) IPO(64%) ARKG(61%) |
Factors Impacting NKLA price | NKLA will decline at least -3.01% in a week (0% probabilities). VIXM(-39%) VXX(-32%) UUP(-15%) UNG(-5%) TLT(-5%) |
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 | -3.01% (StdDev 6.02%) |
Hourly BBV | -1.7 () |
Intraday Trend | 0% |
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