| NKLA latest price $10.2000 (3.13%) ($10.2000 - $10.2000) on Thu. Jan. 6, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.48% (three month average) |
RSI | 60 |
Latest Price | $10.2000(3.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 0.1% a day on average for past five trading days. |
Weekly Trend | NKLA advances 2.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) ACES(73%) ARKK(73%) IBUY(73%) IPO(72%) ONLN(70%) |
Factors Impacting NKLA price | NKLA will decline at least -2.74% in a week (0% probabilities). VIXM(-50%) VXX(-41%) UUP(-23%) UNG(-4%) USO(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.74% (StdDev 5.48%) |
Hourly BBV | -0.2 () |
Intraday Trend | 0% |
| |
|
|