| NKLA latest price $20.9100 (-7.23%) ($20.7100 - $22.5700) on Mon. Oct. 26, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 9.87% (three month average) |
RSI | 43 |
Latest Price | $20.9100(-7.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.4% a day on average for past five trading days. |
Weekly Trend | NKLA declines -5.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) IBUY(53%) ACES(52%) ARKK(51%) ONLN(50%) IPO(48%) |
Factors Impacting NKLA price | NKLA will decline at least -4.935% in a week (0% probabilities). VIXM(-22%) VXX(-21%) UUP(-14%) XLU(-5%) UNG(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -4.935% (StdDev 9.87%) |
Hourly BBV | 0 () |
Intraday Trend | -5.6% |
| |
|
|