NIO stock downgraded from Buy Candidate to Strong Sell Candidate after Tuesday trading session.

The NIO stock price fell by -3.07% on the last day (Tuesday, 19th Jul 2022) from $20.84 to $20.20. During the day the stock fluctuated 8.07% from a day low at $19.53 to a day high of $21.10. The price has been going up and down for this period, and there has been a -8.93% loss for the last 2 weeks. Volume has increased on the last day by 23 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 63 million shares were bought and sold for approximately $1.27 billion.

HSBC is very positive about NIO and gave it a "$26.00 - $28.00" rating on Jun 30, 2022. The price target was changed from 26 to 28.Over the last 90 days, this security got 2 buy, 4 sell, and 0 hold ratings.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 40.16% during the next 3 months and, with a 90% probability hold a price between $25.70 and $36.49 at the end of this 3-month period.

There are few to no technical positive signals at the moment. The NIO 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 $20.76 and $20.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 24, 2022, and so far it has fallen -16.11%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

NIO finds support from accumulated volume at $20.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.58 between high and low, or 8.07%. For the last week, the stock has had a daily average volatility of 6.09%.

The NIO stock holds several negative signals and despite the positive trend, we believe NIO will perform weakly in the next couple of days or weeks. Therefore, we 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 Strong Sell candidate.