- A moving average of Short volume ratio is at a recent 2 week high. A high short volume ratio indicate selling presures.
- RSI is at a high level of 73. A high level of RSI indicates the stock is overbought.
- MACD is crossing MACD signal line at 0.6. MACD crossing signal line is bullish signal.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes fromFinra
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Electric-car stocks sold off on news of a probe in China, while Nikola failed to assuage investors on a proposed GM partnership.
Nikola (NKLA) shares on Wednesday sank as much as 16%, as several EV startups slumped from their recent rally, and JPMorgan analyst Paul Coster weighed in on the uncertainty surrounding Nikola and General Motors (GM) partnership which has yet to close next month.
The Dow Jones fell back below the 30,000 barrier as stocks struggled on a downbeat jobs report. Meanwhile Slack Technologies exploded on the news it has held merger talks.
After closing above 30,000 for the first time Tuesday, the Dow Jones Industrial Average took a breather ahead of the Thanksgiving holiday.
The Dow Jones Industrial Average dropped from record highs, as Tesla stock briefly skidded on a vehicle recall. Nio dived on a Chinese government investigation.
Shares of Nikola Corp. dropped 16.1% in premarket trading Wednesday, putting them on track to snap a record eight-day win streak in which the electric truck maker's stock rocketed 76.3%. In an interview late Tuesday on CNBC's "Mad Money with Jim Cramer," Chief Executive Mark Russell did not reassure investors that partnership with General Motors Corp. announced in September, which included GM receiving a $2 billion stake in Nikola, would still go through, as CNBC reported. Also in the intervie...
Dow Jones futures in were focus early Wednesday after the Dow Jones Industrial Average crossed 30,000 for the first time ever.
Tesla and Nikola rose while Chinese electric car stocks gave up gains as the Trump administration finally started the transition process.