| NKLA latest price $25.6600 (6.56%) ($23.5216 - $26.5000) on Fri. May. 22, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.1% (three month average) |
RSI | 76 |
Latest Price | $25.6600(6.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 2.6% a day on average for past five trading days. |
Weekly Trend | NKLA advances 22.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) IWC(38%) ACES(37%) IBUY(36%) PEJ(35%) XRT(35%) |
Factors Impacting NKLA price | NKLA will decline at least -4.05% in a week (0% probabilities). VXX(-13%) VIXM(-13%) UUP(-11%) UNG(-4%) TLT(-4%) |
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 | -4.05% (StdDev 8.1%) |
Hourly BBV | 0 () |
Intraday Trend | 5.4% |
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