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.
MarketClub’s Trade Triangles for NKLA
The long-term trend has been UP since Aug 8th, 2022 at 8.29
The intermediate-term trend has been UP since Jul 18th, 2022 at 5.74
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).
|52wk High||15.56||52wk High Date||2021-11-04|
|52wk Low||4.415||52wk Low Date||2022-07-05|
|Average Volume||11,540,569||Shares Outstanding||433,476|