Nikola Corp (fka NKLAQ)

[JJ8]

NKLA Trend Analysis:
NKLA is showing strength within a longer-term bearish trend. Its MACD is above the signal line and shares are presently 14.8% above the 200-day moving average. However, that moving average is declining, implying that caution is still warranted. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.

Momentum for NKLA, as measured by a 14-period Slow Stochastic Oscillator, is waning. This means that investors are less aggressive in their recent purchases and may even be taking profits in positions bought at lower prices.

Today's volume is on track to be lighter than usual, with 37,001,584 shares having traded so far. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.

Bollinger Bands® use standard deviation of the closing price around a moving average to measure volatility. The Bollinger Bands® are presently wider than usual, as a result of greater than normal volatility that accompanied the recent price move. Events such as this may precede a pause or reversal in the near term trend.
As of 2:02 PM ET Wednesday, 07/26/2023

Cheers & GLTA