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Should You Buy Nikola Corporation (NKLA) Stock on Monday?

Monday, June 28, 2021 01:24 PM | InvestorsObserver Analysts

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Should You Buy Nikola Corporation (NKLA) Stock on Monday?

Overall market sentiment has been high on Nikola Corporation (NKLA) stock lately. NKLA receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Nikola Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NKLA!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With NKLA Stock Today?

Nikola Corporation (NKLA) stock has gained 5.64% while the S&P 500 is down -0.1% as of 1:23 PM on Monday, Jun 28. NKLA is higher by $1.02 from the previous closing price of $18.10 on volume of 8,614,938 shares. Over the past year the S&P 500 is higher by 40.06% while NKLA is down -71.70%. NKLA lost -$1.35 per share in the over the last 12 months.

To see InvestorsObserver's Sentiment Score for Nikola Corporation click here.

More About Nikola Corporation

Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.

Click Here to get the full Stock Score Report on Nikola Corporation (NKLA) Stock.

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