Nikolacorp Stock Technical Analysis

NKLA Stock  USD 0.53  0.01  1.85%   
As of the 23rd of May, NikolaCorp secures the Risk Adjusted Performance of (0.02), standard deviation of 5.92, and Mean Deviation of 4.14. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NikolaCorp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate thirteen technical drivers for NikolaCorp, which can be compared to its peers in the industry. Please verify NikolaCorp variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if NikolaCorp is priced some-what accurately, providing market reflects its recent price of 0.53 per share. As NikolaCorp is a penny stock we also strongly advise to check its jensen alpha numbers.

NikolaCorp Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NikolaCorp, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NikolaCorp
  
NikolaCorp's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

NikolaCorp Analyst Consensus

Target PriceAdvice# of Analysts
2.42Buy9Odds
NikolaCorp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most NikolaCorp analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NikolaCorp stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NikolaCorp, talking to its executives and customers, or listening to NikolaCorp conference calls.
NikolaCorp Analyst Advice Details
NikolaCorp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of NikolaCorp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NikolaCorp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

NikolaCorp Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NikolaCorp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

NikolaCorp Trend Analysis

Use this graph to draw trend lines for NikolaCorp. You can use it to identify possible trend reversals for NikolaCorp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NikolaCorp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

NikolaCorp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NikolaCorp applied against its price change over selected period. The best fit line has a slop of   0.0035  , which may suggest that NikolaCorp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.46, which is the sum of squared deviations for the predicted NikolaCorp price change compared to its average price change.

About NikolaCorp Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NikolaCorp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NikolaCorp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NikolaCorp price pattern first instead of the macroeconomic environment surrounding NikolaCorp. By analyzing NikolaCorp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NikolaCorp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NikolaCorp specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Days Sales Outstanding277.01368.27
PTB Ratio0.970.92

NikolaCorp May 23, 2024 Technical Indicators

Most technical analysis of NikolaCorp help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NikolaCorp from various momentum indicators to cycle indicators. When you analyze NikolaCorp charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether NikolaCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NikolaCorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nikolacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikolacorp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NikolaCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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When running NikolaCorp's price analysis, check to measure NikolaCorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NikolaCorp is operating at the current time. Most of NikolaCorp's value examination focuses on studying past and present price action to predict the probability of NikolaCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NikolaCorp's price. Additionally, you may evaluate how the addition of NikolaCorp to your portfolios can decrease your overall portfolio volatility.
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Is NikolaCorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NikolaCorp. If investors know NikolaCorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NikolaCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.06)
Revenue Per Share
0.033
Quarterly Revenue Growth
(0.30)
Return On Assets
(0.35)
Return On Equity
(1.53)
The market value of NikolaCorp is measured differently than its book value, which is the value of NikolaCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NikolaCorp's value that differs from its market value or its book value, called intrinsic value, which is NikolaCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NikolaCorp's market value can be influenced by many factors that don't directly affect NikolaCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NikolaCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NikolaCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NikolaCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.