NIO Stock Forecast

NIO stock price up 2.03% on Tuesday
(Updated on Jul 02, 2024)

NIO Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 8.89%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $4.84. On a fall, the stock will find some support from the short-term average at $4.42. 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.

Support, Risk & Stop-loss for NIO stock

NIO finds support from accumulated volume at $4.49 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.160 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 5.52%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NIO) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect NIO Inc. to open at $4.48, and during the day (based on 14 day Average True Range), to move between $4.27 and $4.79, which gives a possible trading interval of +/-$0.259 (+/-5.71%) up or down from last closing price. If NIO Inc. takes out the full calculated possible swing range there will be an estimated 11.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.49 (0.88%) than the resistance at $5.22 (15.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NIO Inc. stock A Buy?

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.

Current score: -1.342 Sell Candidate Unchanged

Predicted Opening Price for NIO Inc. of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.