Summary:
- Volatility is at a recent 2 week high. A high volatility of stock movement indicates uncertainty.
- RSI is at a high level of 75. A high level of RSI indicates the stock is overbought.
- MACD is crossing MACD signal line at 3.1. MACD crossing signal line is bullish signal.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving 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.
Stock news
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 Industrial Average dropped from record highs, as Tesla stock briefly skidded on a vehicle recall. Nio dived on a Chinese government investigation.
Tesla and Nikola rose while Chinese electric car stocks gave up gains as the Trump administration finally started the transition process.
In Monday's rally, new Bitcoin play PayPal cleared early buy points. Tesla and other EV plays soared. Apple broke key support.
Niu earnings results disappointed investors, with EPS that just beat or missed views. The e-scooter maker's revenue fell short. Shares fell sharply.