| NKLA latest price $6.7550 (-4.46%) ($6.7550 - $6.7550) on Wed. Jun. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.89% (three month average) |
RSI | 70 |
Latest Price | $6.7550(-4.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 2.6% a day on average for past five trading days. |
Weekly Trend | NKLA advances 9.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) IBUY(76%) ONLN(76%) ARKK(75%) IPO(75%) QQQ(73%) |
Factors Impacting NKLA price | NKLA will decline at least -2.945% in a week (0% probabilities). VIXM(-73%) VXX(-53%) UUP(-31%) TBT(-16%) USO(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -2.945% (StdDev 5.89%) |
Hourly BBV | -1.3 () |
Intraday Trend | 0% |
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