| NKLA latest price $16.5100 (11.18%) ($15.5547 - $18.2900) on Fri. May. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.33% (three month average) |
RSI | 76 |
Latest Price | $16.5100(11.18%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 5.2% a day on average for past five trading days. |
Weekly Trend | NKLA advances 7.6% 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) ACES(36%) IBUY(35%) IWC(35%) ARKK(33%) IPO(33%) |
Factors Impacting NKLA price | NKLA will decline at least -2.665% in a week (0% probabilities). VXX(-13%) VIXM(-12%) UUP(-11%) UNG(-6%) TLT(-3%) |
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 | -2.665% (StdDev 5.33%) |
Hourly BBV | 0 () |
Intraday Trend | 2.9% |
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