NIKOLA CORP. - 1H - Technical analysis published on 11/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 11.95 USD
My targets
13.11 USD (+4.46%)
13.76 USD (+9.67%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NIKOLA CORP. as long as the price remains well above 11.95 USD. The buyers' bullish objective is set at 13.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.76 USD. If there is any crossing, the next objective would be the resistance located at 14.71 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NIKOLA CORP. rating 12.55 USD. On the day, this instrument gained +0.40% with the lowest point at 12.15 USD and the highest point at 13.11 USD. The deviation from the price is +3.29% for the low point and -4.27% for the high point.12.15
13.11
12.55
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of NIKOLA CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.46 | 10.86 | 11.95 | 12.55 | 13.11 | 14.71 | 18.93 |
| Change (%) | -16.65% | -13.47% | -4.78% | - | +4.46% | +17.21% | +50.84% |
| Change | -2.09 | -1.69 | -0.60 | - | +0.56 | +2.16 | +6.38 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.14 | 11.64 | 12.10 | 12.60 | 13.06 | 13.56 | 14.02 |
| Camarilla | 12.29 | 12.37 | 12.46 | 12.55 | 12.64 | 12.73 | 12.81 |
| Woodie | 11.11 | 11.63 | 12.07 | 12.59 | 13.03 | 13.55 | 13.99 |
| Fibonacci | 11.64 | 12.01 | 12.24 | 12.60 | 12.97 | 13.20 | 13.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.47 | 10.01 | 10.90 | 11.44 | 12.33 | 12.87 | 13.76 |
| Camarilla | 11.41 | 11.54 | 11.67 | 11.80 | 11.93 | 12.06 | 12.19 |
| Woodie | 9.66 | 10.10 | 11.09 | 11.53 | 12.52 | 12.96 | 13.95 |
| Fibonacci | 10.01 | 10.55 | 10.89 | 11.44 | 11.98 | 12.32 | 12.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.36 | 9.11 | 10.46 | 11.21 | 12.56 | 13.31 | 14.66 |
| Camarilla | 11.22 | 11.42 | 11.61 | 11.80 | 11.99 | 12.19 | 12.38 |
| Woodie | 8.65 | 9.26 | 10.75 | 11.36 | 12.85 | 13.46 | 14.95 |
| Fibonacci | 9.11 | 9.92 | 10.41 | 11.21 | 12.02 | 12.51 | 13.31 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.31 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 22.06 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 12.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.07 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 11.68 | |
| Zig ZAG (10): | 12.55 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 48.06 | |
| TEMA (21): | 12.69 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.17 | |
| Repulse (5,40,3): | 0.8700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4400 | |
| Courbe Coppock: | 10.66 |
| MA7: | 11.53 | |
| MA20: | 11.16 | |
| MA50: | 10.74 | |
| MA100: | 12.26 | |
| MAexp7: | 12.45 | |
| MAexp20: | 12.19 | |
| MAexp50: | 11.72 | |
| MAexp100: | 11.40 | |
| Price / MA7: | +8.85% | |
| Price / MA20: | +12.46% | |
| Price / MA50: | +16.85% | |
| Price / MA100: | +2.37% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +2.95% | |
| Price / MAexp50: | +7.08% | |
| Price / MAexp100: | +10.09% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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