NIO stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.

No changes to the price of NIO stock on the last trading day (Thursday, 7th Mar 2024). During the last trading day the stock fluctuated 5.85% from a day low at $5.47 to a day high of $5.79. The price has risen in 6 of the last 10 days but is still down by -1.37% for this period.

On Jun 12, 2023, it was reported that UBS gave NIO a "Neutral" grade with a "hold" action.

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 -33.28% during the next 3 months and, with a 90% probability hold a price between $3.32 and $4.52 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 mixed signals in the stock today. The NIO 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 $5.84. On a fall, the stock will find some support from the short-term average at $5.62. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 8.26%. Further rise is indicated until a new top pivot has been found.

NIO finds support from accumulated volume at $5.62 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 $0.320 between high and low, or 5.85%. For the last week, the stock has had daily average volatility of 8.50%.

NIO 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.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.