| NKLA latest price $27.9300 (-7.64%) ($27.1100 - $31.4500) on Fri. Nov. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.8% (three month average) |
RSI | 70 |
Latest Price | $27.9300(-7.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 1.2% a day on average for past five trading days. |
Weekly Trend | NKLA advances 24.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally 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 -4.9% in a week (0% probabilities). VIXM(-21%) VXX(-20%) UUP(-13%) XLU(-7%) 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 | -4.9% (StdDev 9.8%) |
Hourly BBV | 0 () |
Intraday Trend | -5.5% |
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