NIO Inc. stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.

No changes to the price of NIO Inc. stock on the last trading day (Wednesday, 15th Jun 2022). During the day the stock fluctuated 0% from a day low at $18.66 to a day high of $18.66. The price has risen in 5 of the last 10 days and is up by 6.2% over the past 2 weeks.

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 $19.98 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 -19.97% during the next 3 months and, with a 90% probability hold a price between $8.65 and $15.99 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.

There are few to no technical positive signals at the moment. The NIO Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $27.32 and $25.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 14, 2022, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

On the downside, the stock finds support just below today's level from accumulated volume at $17.39 and $16.63.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 $16.63 and $15.38.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 8.11%

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.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 Sell candidate.