| NKLA latest price $10.3450 (0.98%) ($10.3450 - $10.3450) on Wed. Dec. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.02% (three month average) |
RSI | 26 |
Latest Price | $10.3450(0.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.7% a day on average for past five trading days. |
Weekly Trend | NKLA declines -8.1% a week on average for past two weeks. |
Market Behavior | Growth 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(72%) IBUY(72%) ACES(71%) IPO(71%) ONLN(69%) |
Factors Impacting NKLA price | NKLA will decline at least -2.51% in a week (0% probabilities). VIXM(-47%) VXX(-38%) UUP(-21%) 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 | -2.51% (StdDev 5.02%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0% |
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