| NKLA latest price $5.9350 (3.58%) ($5.9350 - $5.9800) on Wed. Jul. 27, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.95% (three month average) |
RSI | 62 |
Latest Price | $5.9350(3.58%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.3% a day on average for past five trading days. |
Weekly Trend | NKLA advances 5.6% 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) IPO(70%) QQQ(70%) XHB(69%) IBUY(68%) ONLN(68%) |
Factors Impacting NKLA price | NKLA will decline at least -2.975% in a week (0% probabilities). TBT(-31%) XOP(9%) UUP(-36%) EDOC(-15%) USO(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -2.975% (StdDev 5.95%) |
Hourly BBV | 3.3 () |
Intraday Trend | 0% |
| |
|
|