| NKLA latest price $6.6950 (7.46%) ($6.6950 - $6.7050) on Mon. Aug. 1, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.06% (three month average) |
RSI | 76 |
Latest Price | $6.6950(7.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 3.2% a day on average for past five trading days. |
Weekly Trend | NKLA advances 7.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) QQQ(76%) XHB(76%) IVE(72%) IPO(71%) JETS(70%) |
Factors Impacting NKLA price | NKLA will decline at least -3.03% in a week (0% probabilities). UUP(-37%) TBT(-35%) USO(-9%) XLE(2%) XOP(7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -3.03% (StdDev 6.06%) |
Hourly BBV | 2 () |
Intraday Trend | 0% |
| |
|
|