NIKOLA CORP.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NKLA
ISIN:

NIKOLA CORP. - 1H - Technical analysis published on 06/21/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
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NIKOLA CORP. Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 1.218 EUR

My targets

1.281 EUR (+1.40%)

1.626 EUR (+28.74%)

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 1.218 EUR. The buyers' bullish objective is set at 1.281 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.626 EUR. If there is any crossing, the next objective would be the resistance located at 1.998 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia.

Additional analysis

Quotes

NIKOLA CORP. rating 1.263 EUR. The price has increased by +10.69% since the last closing with the lowest point at 1.220 EUR and the highest point at 1.323 EUR. The deviation from the price is +3.52% for the low point and -4.54% for the high point.

1.220

1.323

1.263

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

Abnormal volumes on NIKOLA CORP. were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of NIKOLA CORP. in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.765	1.131	1.218	1.263	1.626	1.998	2.718
Change (%)	-39.43%	-10.45%	-3.56%	-	+28.74%	+58.19%	+115.20%
Change	-0.498	-0.132	-0.045	-	+0.363	+0.735	+1.455
Level	Major	Minor	Minor	-	Major	Intermediate	Intermediate

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	0.955	1.022	1.082	1.149	1.209	1.276	1.336
Camarilla	1.106	1.118	1.129	1.141	1.153	1.164	1.176
Woodie	0.951	1.020	1.078	1.147	1.205	1.274	1.332
Fibonacci	1.022	1.071	1.101	1.149	1.198	1.228	1.276

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.268	0.194	0.702	1.164	1.672	2.134	2.642
Camarilla	0.943	1.032	1.121	1.210	1.299	1.388	1.477
Woodie	-0.245	0.206	0.725	1.176	1.695	2.146	2.665
Fibonacci	0.194	0.565	0.794	1.164	1.535	1.764	2.134

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.024	0.249	0.411	0.684	0.846	1.119	1.281
Camarilla	0.452	0.492	0.532	0.572	0.612	0.652	0.692
Woodie	-0.081	0.221	0.355	0.656	0.790	1.091	1.225
Fibonacci	0.249	0.416	0.518	0.684	0.851	0.953	1.119

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.42
MACD (12,26,9):	0.0190
Directional Movement:	20.684
AROON (14):	28.571
DEMA (21):	1.229
Parabolic SAR (0,02-0,02-0,2):	1.125
Elder Ray (13):	0.085
Super Trend (3,10):	1.113
Zig ZAG (10):	1.308
VORTEX (21):	1.0160
Stochastique (14,3,5):	83.83
TEMA (21):	1.207
Williams %R (14):	-6.44
Chande Momentum Oscillator (20):	0.185
Repulse (5,40,3):	2.1860
ROCnROLL:	1
TRIX (15,9):	-0.0170
Courbe Coppock:	9.54

MA7:	1.138
MA20:	0.767
MA50:	0.775
MA100:	1.319
MAexp7:	1.236
MAexp20:	1.206
MAexp50:	1.127
MAexp100:	0.984
Price / MA7:	+10.98%
Price / MA20:	+64.67%
Price / MA50:	+62.97%
Price / MA100:	-4.25%
Price / MAexp7:	+2.18%
Price / MAexp20:	+4.73%
Price / MAexp50:	+12.07%
Price / MAexp100:	+28.35%

Quotes : - 15 min delayed data - Germany Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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