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NIO Inc. stock upgraded to Sell Candidate.

StockInvest.us, 4 months ago

NIO

The NIO Inc. stock price gained 1.68% on the last trading day (Monday, 16th May 2022), rising from $14.31 to $14.55. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 8.05% from a day low at $14.28 to a day high of $15.43. The price has been going up and down for this period, and there has been a -16.86% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 million more shares were traded than the day before. In total, 82 million shares were bought and sold for approximately $1.20 billion.

B of A Securities is very positive about NIO and gave it a "$25.00 - $26.00" rating on May 16, 2022. The price target was set to 14.55+1.68.Over the last 90 days, this security got 2 buy, 2 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 -23.28% during the next 3 months and, with a 90% probability hold a price between $9.51 and $15.96 at the end of this 3-month period.

NIO

A buy signal was issued from a pivot bottom point on Wednesday, May 11, 2022, and so far it has risen 14.48%. 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 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. The NIO Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $18.19. On a fall, the stock will find some support from the short-term average at $13.80. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

NIO Inc. finds support from accumulated volume at $14.10 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 $1.15 between high and low, or 8.05%. For the last week, the stock has had a daily average volatility of 12.00%.

NIO Inc. holds several negative signals and we believe that 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.