| NKLA latest price $30.3000 (11.81%) ($25.0100 - $35.3800) on Wed. May. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.37% (three month average) |
RSI | 90 |
Latest Price | $30.3000(11.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 18.6% a day on average for past five trading days. |
Weekly Trend | NKLA advances 34% 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(36%) IWC(36%) IBUY(35%) ARKK(33%) IPO(33%) |
Factors Impacting NKLA price | NKLA will decline at least -3.685% 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 | -3.685% (StdDev 7.37%) |
Hourly BBV | 0 () |
Intraday Trend | -7.3% |
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