NIKOLA CORP (NKLA) Technical Analysis
NASDAQ:NKLA • US6541103031
Current stock price
NKLA Technical Rating and Analysis
Taking everything into account, NKLA scores 0 out of 10 in our technical rating. NKLA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than NKLA.
- NKLA is one of the lesser performing stocks in the Machinery industry. 94% of 131 stocks in the same industry do better.
- NKLA is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so NKLA is lagging the market.
- In the last month NKLA has a been trading in the 0.17 - 0.89 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NKLA has an average volume of 22993900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NKLA Weekly and Daily overview Charts
NKLA Setup Rating and Analysis
The technical rating of NKLA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NKLA Support and Resistance Analysis
0.18
When analyzing the resistance we notice one important area.
- Resistance @0.33 from a trend line in the daily time frame.
NKLA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NKLA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NKLA is down. |
| ChartMill Relative Strength | 0.16 | NEGATIVE | NKLA has a low relative strength, it was outperformed by 99.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NKLA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NKLA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NKLA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.88 | OVERSOLD | The low RSI value suggests NKLA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NKLA has a negative trend. |
| Stochastics (14,3) | 3.68 | OVERSOLD | The low Stochastics value suggests NKLA may be oversold. |
| Average True Range in percent/ATR (20) | 78.14 | HIGH VOLATILITY | The high ATR as a percentage value for NKLA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.6 | NEGATIVE | The low ADX value for NKLA suggests a weak or negative trend. |
NKLA Chart- and CandleStick Pattern Analysis
NKLA Technicals: Chart, Performance Metrics, Trend & Indicators
0.183
-0.07 (-28.74%)
NIKOLA CORP / NKLA TA FAQ
What is the ChartMill technical rating of NIKOLA CORP (NKLA) stock?
ChartMill assigns a technical rating of 0 / 10 to NKLA.
What is the trend direction for NKLA stock?
The current trend direction for NIKOLA CORP (NKLA) is Bearish.
What is the RSI signal for NKLA stock?
NIKOLA CORP (NKLA) has an RSI value of 29.8764. This indicates that the stock is currently oversold.
Can you provide the short term momentum for NIKOLA CORP?
The short term momentum for NIKOLA CORP (NKLA) is negative.
What is the buy/sell signal for NIKOLA CORP (NKLA) stock?
The buy/sell signal for NIKOLA CORP (NKLA) is sell as both the short term and long term trends are negative.