| NKLA latest price $35.0300 (-9.81%) ($32.1500 - $36.2400) on Wed. Aug. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 16.89% (three month average) |
RSI | 34 |
Latest Price | $35.0300(-9.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 2.3% a day on average for past five trading days. |
Weekly Trend | NKLA declines -11.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally 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 -8.445% in a week (0% probabilities). VXX(-20%) VIXM(-19%) UUP(-12%) EDOC(-5%) UNG(-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 | -8.445% (StdDev 16.89%) |
Hourly BBV | 0 () |
Intraday Trend | 6.8% |
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