| NKLA latest price $22.6200 (-12.29%) ($20.6000 - $25.2100) on Fri. May. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.81% (three month average) |
RSI | 72 |
Latest Price | $22.6200(-12.29%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 5.1% a day on average for past five trading days. |
Weekly Trend | NKLA advances 43.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally 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 -3.905% 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 | -3.905% (StdDev 7.81%) |
Hourly BBV | 0 () |
Intraday Trend | -3.7% |
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