Red day on Tuesday for NIOStockInvest.us, 1 month ago
No changes to the price of NIO stock on the last trading day (Tuesday, 2nd Aug 2022). During the day the stock fluctuated 6.83% from a day low at $19.61 to a day high of $20.95. The price has risen in 7 of the last 10 days, but is still down by -0.1% for this period.
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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $19.02 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 34.9% during the next 3 months and, with a 90% probability hold a price between $25.66 and $36.44 at the end of this 3-month period.
There are few to no technical positive signals at the moment. 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 $20.81. On a fall, the stock will find some support from the short-term average at $19.62. 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. A sell signal was issued from a pivot top point on Friday, June 24, 2022, and so far it has fallen -16.20%. 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 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.
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 $1.34 between high and low, or 6.83%. For the last week, the stock has had a daily average volatility of 5.36%.
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.Check full NIO forecast and analysis here.