| NKLA latest price $30.0000 (3.23%) ($29.2200 - $30.9500) on Fri. Jul. 31, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 16.77% (three month average) |
RSI | 21 |
Latest Price | $30.0000(3.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.1% a day on average for past five trading days. |
Weekly Trend | NKLA declines -23.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(46%) IBUY(46%) IWC(45%) ARKK(43%) ONLN(43%) |
Factors Impacting NKLA price | NKLA will decline at least -8.385% in a week (0% probabilities). VXX(-20%) VIXM(-20%) UUP(-11%) UNG(-5%) 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 | -8.385% (StdDev 16.77%) |
Hourly BBV | 0 () |
Intraday Trend | 1.1% |
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