| NKLA latest price $11.5000 (11.11%) ($11.2400 - $12.2000) on Tue. Mar. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.53% (three month average) |
RSI | 86 |
Latest Price | $11.5000(11.11%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 2.1% a day on average for past five trading days. |
Weekly Trend | NKLA advances 1.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) ACES(34%) IBUY(34%) ARKK(32%) IPO(32%) IWC(32%) |
Factors Impacting NKLA price | NKLA will decline at least -0.765% in a week (0% probabilities). VXX(-14%) VIXM(-13%) UUP(-8%) UNG(-5%) TLT(-5%) |
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 | -0.765% (StdDev 1.53%) |
Hourly BBV | 0 () |
Intraday Trend | -1.2% |
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