| NKLA latest price $7.1750 (5.98%) ($7.1750 - $7.1750) on Fri. May. 27, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.88% (three month average) |
RSI | 62 |
Latest Price | $7.1750(5.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 4.2% a day on average for past five trading days. |
Weekly Trend | NKLA advances 6.9% 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%) IBUY(74%) IPO(74%) ONLN(74%) DRIV(71%) |
Factors Impacting NKLA price | NKLA will decline at least -2.94% in a week (0% probabilities). VIXM(-66%) VXX(-51%) UUP(-32%) TBT(-15%) UNG(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -2.94% (StdDev 5.88%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0% |
| |
|
|