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High volatility in NIO Inc. stock price on Tuesday which ended trading at $18.66

StockInvest.us, 3 months ago


The NIO Inc. stock price gained 16.70% on the last trading day (Tuesday, 14th Jun 2022), rising from $15.99 to $18.66. During the day the stock fluctuated 15.77% from a day low at $16.49 to a day high of $19.09. The price has risen in 6 of the last 10 days and is up by 7.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 million more shares were traded than the day before. In total, 105 million shares were bought and sold for approximately $1.96 billion.

The last rating was given by Morgan Stanley on Jun 10, 2022. The price target was changed from 18.14 to 3.61.Over the last 90 days, this security got 2 buy, 4 sell, and 0 hold ratings.

The stock lies the upper part of a very wide and falling 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 $20.17 will firstly indicate a slower falling rate, but may be the first sign of a trend shift.Given the current short-term trend, the stock is expected to fall -19.00% during the next 3 months and, with a 90% probability hold a price between $8.90 and $16.34 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.


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 $18.69. On a fall, the stock will find some support from the long-term average at approximately $16.51. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, June 08, 2022, and so far it has fallen -8.44%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $17.39 and $15.38.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 $17.39. If this is broken, then the next support from accumulated volume will be at $15.38 and $14.93.

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 $2.60 between high and low, or 15.77%. For the last week, the stock has had a daily average volatility of 8.70%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Check full NIO forecast and analysis here.