| NKLA latest price $8.0300 (7.93%) ($8.0300 - $8.0300) on Mon. Jan. 31, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6% (three month average) |
RSI | 36 |
Latest Price | $8.0300(7.93%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.6% a day on average for past five trading days. |
Weekly Trend | NKLA declines -14.7% 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(75%) IPO(74%) ACES(73%) IBUY(73%) ARKG(70%) |
Factors Impacting NKLA price | NKLA will decline at least -3% in a week (0% probabilities). VIXM(-48%) VXX(-39%) UUP(-24%) USO(-4%) UNG(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -3% (StdDev 6%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
| |
|
|