| NKLA latest price $19.9500 (8.07%) ($19.0200 - $20.4900) on Thu. Nov. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.37% (three month average) |
RSI | 54 |
Latest Price | $19.9500(8.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.2% 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 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(53%) IBUY(53%) ARKK(51%) ONLN(50%) IPO(48%) |
Factors Impacting NKLA price | NKLA will decline at least -4.685% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -4.685% (StdDev 9.37%) |
Hourly BBV | 0 () |
Intraday Trend | 3.4% |
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