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Evaluation of NIO Inc. stock downgraded after the last trading session.

StockInvest.us, 1 year ago


The NIO Inc. stock price gained 2.97% on the last trading day (Wednesday, 23rd Jun 2021), rising from $44.10 to $45.41. During the day the stock fluctuated 3.07% from a day low at $44.61 to a day high of $45.98. The price has been going up and down for this period, and there has been a 6.25% gain for the last 2 weeks. Volume fell on the last day by -22 million shares and in total, 39 million shares were bought and sold for approximately $1.78 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell is very positive about NIO and gave it a "Neutral - Buy" rating on June 01, 2021. The price target was changed from $57.60 to $58.30.Over the last 30 days, this security got 3 buy, 0 sell, and 0 hold ratings.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $47.79 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 16.55% during the next 3 months and, with a 90% probability hold a price between $39.90 and $55.70 at the end of this 3-month period.


The NIO Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $45.78. On a fall, the stock will find some support from the long-term average at approximately $39.65. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 17, 2021, and so far it has fallen -4.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $36.96 and $36.13.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NIO Inc. finds support just below today's level at $36.96. If this is broken, then the next support from accumulated volume will be at $36.13 and $34.33.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.37 between high and low, or 3.07%. For the last week, the stock has had a daily average volatility of 4.77%.

NIO Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Check full NIO forecast and analysis here.