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Stock Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Nikola Corporation (NASDAQ:NKLA)

Countertrend Up (+85) - NKLA is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_NKLA
Open High Low NKLA Price Change
6.6600 7.0100 6.3800 6.9481 +0.2281
Entry Signal

MarketClub’s Trade Triangles for NKLA

long term up The long-term trend has been UP since Aug 8th, 2022 at 8.29

intermediate term up The intermediate-term trend has been UP since Jul 18th, 2022 at 5.74

short term down The short-term trend has been DOWN since Aug 9th, 2022 at 7.41

Smart Scan Analysis for NKLA

Based on our trend formula, NKLA is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for NKLA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.6600 7.0100 6.3800 6.9481 +0.2281
Prev. Close Volume Bid Ask Time
6.7200 9861821 2022-08-16 14:45:57
52wk High15.5652wk High Date2021-11-04
52wk Low4.41552wk Low Date2022-07-05
Average Volume11,540,569Shares Outstanding433,476
Assets116,697,500MLiabilities567,724,000M
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