| NKLA latest price $28.5000 (11.07%) ($26.5000 - $29.6400) on Tue. May. 26, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.3% (three month average) |
RSI | 77 |
Latest Price | $28.5000(11.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 5.6% a day on average for past five trading days. |
Weekly Trend | NKLA advances 21.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) IWC(39%) ACES(38%) IBUY(36%) PEJ(36%) XRT(36%) |
Factors Impacting NKLA price | NKLA will decline at least -4.15% in a week (0% probabilities). VXX(-15%) VIXM(-14%) UUP(-12%) 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 | -4.15% (StdDev 8.3%) |
Hourly BBV | 0 () |
Intraday Trend | 4.2% |
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