| NKLA latest price $9.8500 (4.95%) ($9.8500 - $9.8500) on Mon. Aug. 23, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.77% (three month average) |
RSI | 48 |
Latest Price | $9.8500(4.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.4% a day on average for past five trading days. |
Weekly Trend | NKLA declines -4.2% 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(68%) ACES(66%) IBUY(66%) IPO(66%) ONLN(64%) |
Factors Impacting NKLA price | NKLA will decline at least -2.885% in a week (0% probabilities). VIXM(-41%) VXX(-34%) UUP(-17%) UNG(-6%) TLT(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -2.885% (StdDev 5.77%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
| |
|
|