VectoIQ Acquisition (NKLA) Stock Forecast & Price Prediction 2025, 2030 | CoinCodex (2024)

According to our current NKLA stock forecast, the value of VectoIQ Acquisition shares will drop by -0.56% and reach $ 5.29 per share by September 20, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 39 (Fear). NKLA stock recorded 9/30 (30%) green days with 15.14% price volatility over the last 30 days. Based on the VectoIQ Acquisition stock forecast, it's now a bad time to buy NKLA stock because it's trading 0.56% above our forecast, and it could be overvalued.

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Based on the average yearly growth of the VectoIQ Acquisition stock in the last 10 years, the NKLA stock forecast for the beginning of next year is $ 4.44. Using that same approach, here is the VectoIQ Acquisition stock prediction for each year up until 2030.

VectoIQ Acquisition Stock Prediction 2025

The VectoIQ Acquisition stock prediction for 2025 is currently $ 4.44, assuming that VectoIQ Acquisition shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a -16.56% increase in the NKLA stock price.

VectoIQ Acquisition Stock Prediction 2030

In 2030, the VectoIQ Acquisition stock will reach $ 1.794808 if it maintains its current 10-year average growth rate. If this VectoIQ Acquisition stock prediction for 2030 materializes, NKLA stock will grow -66.26% from its current price.

Popular NKLA Moving Averages for Sun, Sep 15, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Change	1H	24H	7D	1M	3M	6M	YTD	1Y	3Y	5Y	ALL
NKLA/USD	-27.72%	4.11%	0.57%	-38.94%	949.52%	782.11%	508.14%	347.06%	-45.71%	-47.84%	-44.47%
NKLA/BTC	-27.56%	4.00%	-9.01%	-40.70%	1,057%	854.64%	327.59%	97.15%	-56.34%	-91.13%	--
NKLA/ETH	-27.45%	4.26%	-4.81%	-34.00%	1,457%	1,133%	477.56%	203.78%	-18.19%	-95.74%	--
NKLA/USDT	-27.72%	4.11%	0.57%	-38.94%	949.52%	782.11%	508.14%	347.06%	-45.71%	-47.84%	--

To get a better idea of what could happen to the NKLA stock price in the future, it’s helpful to also explore VectoIQ Acquisition’s price history. In the last month, the NKLA/USD pair is down -38.94%. The 1-year performance of NKLA/USD is 347.06%. For comparison, VectoIQ Acquisition stock performed 97.15% better than Bitcoin in the last year and 203.78% better than Ethereum.

How to read and forecast VectoIQ Acquisition stock price movements?

VectoIQ Acquisition stock traders use a variety of tools to make a prediction on which way the NKLA market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to make a VectoIQ Acquisition stock forecast, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

VectoIQ Acquisition Stock Forecast Indicators

Moving averages are among the most popular VectoIQ Acquisition stock prediction tools. As the name suggests, a moving average provides the average closing price for NKLA stock over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for NKLA is a sum of NKLA’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the stock market to identify important resistance and support levels. If the VectoIQ Acquisition stock price moves above any of these averages, it is generally seen as a bullish sign for VectoIQ Acquisition stock. Conversely, a drop below an important moving average is usually interpreted as a negative forecast for the NKLA market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the VectoIQ Acquisition stock price.

How to read VectoIQ Acquisition stock charts and forecast price movements?

When making a VectoIQ Acquisition stock forecast, most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of VectoIQ Acquisition stock with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about VectoIQ Acquisition’s stock price action in 1-hour chunks. Each candlestick will display NKLA’s opening price, closing price, as well as the highest and lowest prices that VectoIQ Acquisition reached within the 1-hour period. This information makes it easier to make an informed price prediction.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of NKLA stock?

Just like with any other asset, the price action of VectoIQ Acquisition stock is driven by supply and demand. These dynamics can be influenced by fundamental factors, such as earnings announcements, new product launches, acquisitions and mergers, and other factors. The NKLA stock price can also be influenced by market sentiment, broader economic conditions, interest rates, inflation rates and political developments.

Bullish and bearish stock price forecast patterns

Some traders try to identify candlestick patterns when making a stock price prediction to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.