| NKLA latest price $23.5950 (-3.44%) ($23.5950 - $23.5950) on Fri. Feb. 5, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.3% (three month average) |
RSI | 65 |
Latest Price | $23.5950(-3.44%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.5% a day on average for past five trading days. |
Weekly Trend | NKLA advances 8.1% 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) ARKK(59%) IBUY(58%) ACES(57%) IPO(57%) ARKG(54%) |
Factors Impacting NKLA price | NKLA will decline at least -4.15% in a week (0% probabilities). VIXM(-25%) VXX(-23%) UUP(-14%) XLU(-8%) TLT(-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 | -4.15% (StdDev 8.3%) |
Hourly BBV | -1.6 () |
Intraday Trend | 0% |
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