| NKLA latest price $11.3600 (7.78%) ($11.3600 - $11.3600) on Tue. Oct. 12, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.44% (three month average) |
RSI | 57 |
Latest Price | $11.3600(7.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 2.4% a day on average for past five trading days. |
Weekly Trend | NKLA declines -2.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) ARKK(69%) ACES(67%) IBUY(67%) IPO(67%) ARKG(65%) |
Factors Impacting NKLA price | NKLA will decline at least -2.22% in a week (0% probabilities). VIXM(-43%) VXX(-34%) UUP(-18%) UNG(-7%) BNDX(-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 | -2.22% (StdDev 4.44%) |
Hourly BBV | 2 () |
Intraday Trend | 0% |
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