High volatility in NIO Inc. stock price on Thursday which ended trading at $13.10StockInvest.us, 4 months ago
The NIO Inc. stock price gained 3.07% on the last trading day (Thursday, 12th May 2022), rising from $12.71 to $13.10. During the day the stock fluctuated 17.82% from a day low at $11.67 to a day high of $13.75. The price has fallen in 6 of the last 10 days and is down by -22.62% for this period. Volume fell on the last day by -3 million shares and in total, 83 million shares were bought and sold for approximately $1.09 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.
UBS is very positive about NIO and gave it a "" rating on Apr 04, 2022. The price target was set to 23.85+8.76.Over the last 90 days, this security got 1 buy, 3 sell, and 0 hold ratings.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -24.82% during the next 3 months and, with a 90% probability hold a price between $7.04 and $15.64 at the end of this 3-month period.
A buy signal was issued from a pivot bottom point on Wednesday, May 11, 2022, and so far it has risen 3.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The NIO Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.46 and $18.56. A break-up above any of these levels will issue buy signals.
NIO Inc. finds support from accumulated volume at $12.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $2.08 between high and low, or 17.82%. For the last week, the stock has had a daily average volatility of 12.53%.
NIO Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.Check full NIO forecast and analysis here.