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Stock Trend Analysis Report

Prepared for you on Saturday, June 3, 2023.

Nikola Corporation (NASDAQ:NKLA)

Strong Downtrend (-100) - NKLA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NKLA continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NKLA?

MarketClub looks at technical strength and momentum to determine if the timing is right for NKLA.

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Open High Low NKLA Price Change
0.6000 0.6018 0.5625 0.5805 +0.0063
Entry Signal

MarketClub’s Trade Triangles for NKLA

long term down The long-term trend has been DOWN since Sep 21st, 2022 at 4.415

intermediate term down The intermediate-term trend has been DOWN since May 10th, 2023 at 0.786

short term down The short-term trend has been DOWN since Jun 2nd, 2023 at 0.570

Smart Scan Analysis for NKLA

Based on our trend formula, NKLA is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for NKLA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6000 0.6018 0.5625 0.5805 +0.0063
Prev. Close Volume Bid Ask Time
0.5742 33340453 2023-06-02 15:59:57
52wk High8.9752wk High Date2022-08-08
52wk Low0.5552wk Low Date2023-05-26
Average Volume37,461,461Shares Outstanding694,091
P/E Ratio-1.60540000
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