| NKLA latest price $28.7000 (4.36%) ($27.1100 - $28.9309) on Fri. May. 29, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.27% (three month average) |
RSI | 72 |
Latest Price | $28.7000(4.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 3.5% a day on average for past five trading days. |
Weekly Trend | NKLA advances 8.4% 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(40%) ACES(39%) PEJ(37%) IBUY(36%) IWO(36%) |
Factors Impacting NKLA price | NKLA will decline at least -4.135% in a week (0% probabilities). VXX(-15%) VIXM(-15%) 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 | -4.135% (StdDev 8.27%) |
Hourly BBV | 0 () |
Intraday Trend | 2.8% |
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