Is Nikola Corp. technically bullish or bearish?
As of June 17, 2025, the market trend has shifted to a bearish stance, supported by bearish daily moving averages, a bearish weekly RSI, and confirmation from Dow Theory, despite some mildly bullish signals from the MACD.
As of 17 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the daily moving averages which are bearish, the weekly RSI indicating bearish momentum, and the Dow Theory confirming a bearish outlook on both weekly and monthly time frames. Although the MACD shows mildly bullish signals on the weekly and monthly charts, the overall bearish sentiment is reinforced by the Bollinger Bands indicating a bearish trend on the monthly and the KST showing a bearish signal on the monthly as well.
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