Technical Analysis for NKLA - Nikola Corporation

Grade Last Price % Change Price Change
F 7.40 -9.65% -0.79
NKLA closed down 9.65 percent on Monday, July 1, 2024, on 1.42 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -9.65%
Calm After Storm Range Contraction -9.65%
NR7 Range Contraction -9.65%
Narrow Range Bar Range Contraction -9.65%
Lower Bollinger Band Walk Weakness -9.65%

   Recent Intraday Alerts

Alert Time
Down 10% about 5 hours ago
60 Minute Opening Range Breakdown about 9 hours ago
Down 5% about 10 hours ago
2x Volume Pace about 10 hours ago
1.5x Volume Pace about 10 hours ago

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Profile

Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona.
Classification

Sector: Industrials
Industry: Conglomerates
Keywords: Emerging Technologies Electric Vehicle Energy Storage Hydrogen Sustainable Technologies Sustainable Transport Storage Systems Sustainable Development Hydrogen Economy Hydrogen Vehicle Transportation Industry Drivetrain Energy Storage Systems

Is NKLA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 111.3
52 Week Low 7.35
Average Volume 2,942,430
200-Day Moving Average 24.56
50-Day Moving Average 15.49
20-Day Moving Average 12.78
10-Day Moving Average 10.37
Average True Range 1.23
RSI (14) 13.04
ADX 35.95
+DI 7.41
-DI 49.40
Chandelier Exit (Long, 3 ATRs) 12.37
Chandelier Exit (Short, 3 ATRs) 11.05
Upper Bollinger Bands 18.65
Lower Bollinger Band 6.92
Percent B (%b) 0.04
BandWidth 91.80
MACD Line -2.23
MACD Signal Line -1.72
MACD Histogram -0.5047
Fundamentals Value
Market Cap 8.57 Billion
Num Shares 1.16 Billion
EPS -1.61
Price-to-Earnings (P/E) Ratio -4.60
Price-to-Sales 27.73
Price-to-Book 1.38
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.62
Resistance 3 (R3) 8.73 8.45 8.41
Resistance 2 (R2) 8.45 8.14 8.39 8.34
Resistance 1 (R1) 7.92 7.95 7.78 7.81 8.28
Pivot Point 7.64 7.64 7.57 7.58 7.64
Support 1 (S1) 7.11 7.33 6.97 7.00 6.52
Support 2 (S2) 6.83 7.14 6.77 6.46
Support 3 (S3) 6.30 6.83 6.39
Support 4 (S4) 6.19