NIKOLA CORP. - 1H - Technical analysis published on 09/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
NIKOLA CORP. Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.485 EUR
My targets
1.511 EUR (+0.73%)
1.635 EUR (+9.00%)
My analysis
The bullish trend is currently very strong on NIKOLA CORP.. As long as the price remains above the support at 1.485 EUR, you could try to benefit from the boom. The first bullish objective is located at 1.511 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.635 EUR as an objective. Crossing it would then enable buyers to target 2.007 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
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This analysis was given by Londinia.
Additional analysis
Quotes
NIKOLA CORP. rating 1.500 EUR. The price has increased by +6.16% since the last closing and was between 1.480 EUR and 1.500 EUR. This implies that the price is at +1.35% from its lowest and at 0% from its highest.1.480
1.500
1.500
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of NIKOLA CORP. in 1H shows a strongly overall bullish trend. 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 currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.128 | 1.268 | 1.399 | 1.500 | 1.511 | 1.635 | 2.007 |
| Change (%) | -24.80% | -15.47% | -6.73% | - | +0.73% | +9.00% | +33.80% |
| Change | -0.372 | -0.232 | -0.101 | - | +0.011 | +0.135 | +0.507 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.257 | 1.327 | 1.370 | 1.440 | 1.483 | 1.553 | 1.596 |
| Camarilla | 1.382 | 1.392 | 1.403 | 1.413 | 1.423 | 1.434 | 1.444 |
| Woodie | 1.244 | 1.320 | 1.357 | 1.433 | 1.470 | 1.546 | 1.583 |
| Fibonacci | 1.327 | 1.370 | 1.397 | 1.440 | 1.483 | 1.510 | 1.553 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.439 | 0.776 | 0.962 | 1.299 | 1.485 | 1.822 | 2.008 |
| Camarilla | 1.005 | 1.053 | 1.101 | 1.149 | 1.197 | 1.245 | 1.293 |
| Woodie | 0.365 | 0.738 | 0.888 | 1.261 | 1.411 | 1.784 | 1.934 |
| Fibonacci | 0.776 | 0.976 | 1.099 | 1.299 | 1.499 | 1.622 | 1.822 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.769 | -0.335 | 0.409 | 1.843 | 2.587 | 4.021 | 4.765 |
| Camarilla | 0.553 | 0.753 | 0.952 | 1.152 | 1.352 | 1.551 | 1.751 |
| Woodie | -2.115 | -0.508 | 0.063 | 1.671 | 2.241 | 3.849 | 4.419 |
| Fibonacci | -0.335 | 0.497 | 1.011 | 1.843 | 2.675 | 3.189 | 4.021 |
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): | 66.12 | |
| MACD (12,26,9): | 0.0530 | |
| Directional Movement: | 25.287 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 1.467 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.398 | |
| Elder Ray (13): | 0.067 | |
| Super Trend (3,10): | 1.373 | |
| Zig ZAG (10): | 1.498 | |
| VORTEX (21): | 1.3540 | |
| Stochastique (14,3,5): | 83.27 | |
| TEMA (21): | 1.499 | |
| Williams %R (14): | -4.94 | |
| Chande Momentum Oscillator (20): | 0.084 | |
| Repulse (5,40,3): | 0.2550 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5270 | |
| Courbe Coppock: | 22.40 |
| MA7: | 1.342 | |
| MA20: | 1.142 | |
| MA50: | 1.560 | |
| MA100: | 1.301 | |
| MAexp7: | 1.459 | |
| MAexp20: | 1.402 | |
| MAexp50: | 1.332 | |
| MAexp100: | 1.265 | |
| Price / MA7: | +11.77% | |
| Price / MA20: | +31.35% | |
| Price / MA50: | -3.85% | |
| Price / MA100: | +15.30% | |
| Price / MAexp7: | +2.81% | |
| Price / MAexp20: | +6.99% | |
| Price / MAexp50: | +12.61% | |
| Price / MAexp100: | +18.58% |
Quotes :
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15 min delayed data
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Germany Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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