NIKOLA CORP (NKLA)

US6541101050 - Common Stock

1.04  +0.13 (+14.4%)

Technical Rating and Analysis

3

We assign a technical rating of 3 out of 10 to NKLA. Recently some decent action could be observed, but in the medium term time frame this is still negative. NKLA was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, NKLA is a bad performer in the overall market: 79% of all stocks are doing better.
NKLA is part of the Machinery industry. There are 133 other stocks in this industry, of which 71% are performing better than NKLA.
NKLA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NKLA has a been trading in the 0.58 - 0.94 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NKLA has an average volume of 87265300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
NKLA Weekly chart
NKLA Daily chart
Setup Rating and Analysis

1

The technical rating of NKLA is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

0.68

1.05

We found 1 important support area.

  • A support zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.83
Mansfield-2.9
10 Day High0.94
10 Day Low0.58
20 Day High0.94
20 Day Low0.58
52 Week High3.71
52 Week Low0.52
Performance
1 Week44.39%
2 Weeks42.43%
1 Month18.31%
3 Month3.92%
6 Month-42.1%
12 Month-24.87%
2 Year-91.51%
3 Year-93.45%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)72.11
LBB0.51
UBB0.85
NKLA Daily chart

NIKOLA CORP

NASDAQ:NKLA (3/28/2024, 11:30:09 AM)

1.04

+0.13 (+14.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg14.4%
1 Week44.39%
2 Weeks42.43%
1 Month18.31%
3 Month3.92%
6 Month-42.1%
12 Month-24.87%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.06
ATR(20)%6.38%
ATR Inc
Range Today0.17
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High0.94
10 Day Low0.58
20 Day High0.94
20 Day Low0.58
52 Week High3.71
52 Week Low0.52
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume103.69M
Volume Incr44%
Vol(5)123.13M
Vol(50)87.27M