| NKLA latest price $25.7200 (9.12%) ($23.7000 - $25.7200) on Wed. Oct. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 11.04% (three month average) |
RSI | 39 |
Latest Price | $25.7200(9.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 4.5% a day on average for past five trading days. |
Weekly Trend | NKLA declines -8% 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) IBUY(52%) ACES(51%) ARKK(49%) ONLN(49%) IPO(47%) |
Factors Impacting NKLA price | NKLA will decline at least -5.52% in a week (0% probabilities). VXX(-21%) VIXM(-21%) UUP(-14%) XLU(-5%) UNG(-3%) |
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 | -5.52% (StdDev 11.04%) |
Hourly BBV | 0 () |
Intraday Trend | 8.5% |
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