| NKLA latest price $24.2300 (0.33%) ($23.7000 - $25.1800) on Tue. Oct. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.14% (three month average) |
RSI | 61 |
Latest Price | $24.2300(0.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.5% a day on average for past five trading days. |
Weekly Trend | NKLA advances 12.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) ACES(52%) IBUY(52%) ARKK(50%) ONLN(50%) IPO(48%) |
Factors Impacting NKLA price | NKLA will decline at least -5.07% in a week (0% probabilities). VIXM(-22%) VXX(-21%) UUP(-14%) XLU(-6%) 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 | -5.07% (StdDev 10.14%) |
Hourly BBV | 0 () |
Intraday Trend | 2.2% |
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