| NKLA latest price $10.2350 (3.91%) ($10.2350 - $10.2350) on Tue. Aug. 24, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.79% (three month average) |
RSI | 46 |
Latest Price | $10.2350(3.91%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.2% a day on average for past five trading days. |
Weekly Trend | NKLA declines -3.7% a week on average for past two weeks. |
Market Behavior | Value stock 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 -2.895% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.895% (StdDev 5.79%) |
Hourly BBV | 2.9 () |
Intraday Trend | 0% |
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