Londinia Opportunities Analyses - 01/30/2023 (GMT) NIKOLA CORP. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	NKLA
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 2.61 USD

My targets

2.79 USD (+4.10%)

2.97 USD (+10.71%)

My analysis

NIKOLA CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.61 USD. The next resistance located at 2.79 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.97 USD. After this resistance, buyers could then target 4.72 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

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Additional analysis

Quotes

The NIKOLA CORP. price is 2.68 USD. The price registered a decrease of -3.25% on the session and was between 2.60 USD and 2.72 USD. This implies that the price is at +3.08% from its lowest and at -1.47% from its highest.

2.60

2.72

2.68

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NIKOLA CORP. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.29	2.45	2.61	2.68	2.79	4.72	6.37
Change (%)	-14.55%	-8.58%	-2.61%	-	+4.10%	+76.12%	+137.69%
Change	-0.39	-0.23	-0.07	-	+0.11	+2.04	+3.69
Level	Minor	Intermediate	Minor	-	Intermediate	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.03	2.22	2.50	2.69	2.97	3.16	3.44
Camarilla	2.64	2.68	2.73	2.77	2.81	2.86	2.90
Woodie	2.07	2.24	2.54	2.71	3.01	3.18	3.48
Fibonacci	2.22	2.40	2.51	2.69	2.87	2.98	3.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.03	2.22	2.50	2.69	2.97	3.16	3.44
Camarilla	2.64	2.68	2.73	2.77	2.81	2.86	2.90
Woodie	2.07	2.24	2.54	2.71	3.01	3.18	3.48
Fibonacci	2.22	2.40	2.51	2.69	2.87	2.98	3.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.90	1.45	1.81	2.36	2.72	3.27	3.63
Camarilla	1.91	1.99	2.08	2.16	2.24	2.33	2.41
Woodie	0.80	1.40	1.71	2.31	2.62	3.22	3.53
Fibonacci	1.45	1.80	2.02	2.36	2.71	2.93	3.27

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.55
MACD (12,26,9):	0.0300
Directional Movement:	12.68
AROON (14):	28.57
DEMA (21):	2.65
Parabolic SAR (0,02-0,02-0,2):	2.49
Elder Ray (13):	0.05
Super Trend (3,10):	2.48
Zig ZAG (10):	2.68
VORTEX (21):	1.0500
Stochastique (14,3,5):	61.53
TEMA (21):	2.67
Williams %R (14):	-47.40
Chande Momentum Oscillator (20):	0.18
Repulse (5,40,3):	1.0300
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	7.27

MA7:	2.65
MA20:	2.45
MA50:	2.45
MA100:	3.05
MAexp7:	2.67
MAexp20:	2.61
MAexp50:	2.57
MAexp100:	2.51
Price / MA7:	+1.13%
Price / MA20:	+9.39%
Price / MA50:	+9.39%
Price / MA100:	-12.13%
Price / MAexp7:	+0.37%
Price / MAexp20:	+2.68%
Price / MAexp50:	+4.28%
Price / MAexp100:	+6.77%

Quotes : - 15 min delayed data - Actions NASDAQ