| NKLA latest price $20.1800 (11.92%) ($18.0200 - $21.1900) on Wed. Nov. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.03% (three month average) |
RSI | 39 |
Latest Price | $20.1800(11.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.8% a day on average for past five trading days. |
Weekly Trend | NKLA declines -4.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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 -4.515% in a week (0% probabilities). VIXM(-21%) VXX(-20%) UUP(-13%) 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 | -4.515% (StdDev 9.03%) |
Hourly BBV | 0 () |
Intraday Trend | 10.7% |
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