| NKLA latest price $19.5800 (-1.85%) ($18.6100 - $19.9700) on Fri. Nov. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.36% (three month average) |
RSI | 48 |
Latest Price | $19.5800(-1.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.3% a day on average for past five trading days. |
Weekly Trend | NKLA declines -6.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off 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 -4.68% 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 | -4.68% (StdDev 9.36%) |
Hourly BBV | 0 () |
Intraday Trend | -1.9% |
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