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Analyst Ratings Last 30 days
Stop-loss: $43.25 (-5.32%)
Price TargetJune 08, 2021 3
Low Average High
$58.30 $58.30 $58.30
Key Stats
P/E Ratio -52.42
Beta 1.94
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ]
The NIO Inc. stock holds an RSI14 at 84 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

A very strong day for NIO Inc. stock price on Friday (Updated on June 11, 2021)


Buy or Hold candidate since 2021-05-26 Gain 20.97%

The NIO Inc. stock price gained 6.83% on the last trading day (Friday, 11th Jun 2021), rising from $42.76 to $45.68. , and has now gained 3 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 8.19% from a day low at $42.76 to a day high of $46.26. The price has been going up and down for this period, and there has been a 17.4% gain 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, 51 million more shares were traded than the day before. In total, 85 million shares were bought and sold for approximately $3.90 billion.

Given the current short-term trend, the stock is expected to fall -3.64% during the next 3 months and, with a 90% probability hold a price between $29.56 and $44.02 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.

Signals & Forecast

Mostly positive signals in the chart today. The NIO Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $43.04 and $38.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 13, 2021, and so far it has risen 46.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss

NIO Inc. finds support from accumulated volume at $43.68 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 $3.50 between high and low, or 8.19%. For the last week, the stock has had a daily average volatility of 5.19%.

The NIO Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $43.25 (-5.32%) (This stock has high daily movements and this gives high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)

Is NIO Inc. stock A Buy?

NIO Inc. holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect NIO Inc. stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy Candidate candidate.

Current score: 5.256

Predicted Opening Price for NIO Inc. of Monday, June 14, 2021

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

Fair opening price June 14, 2021 Current price
$44.90 $45.68 (Overvalued)
Strong Buy Candidate Upgraded

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Analyst Ratings

Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell is very positive about NIO and gave it a "Neutral - Buy" rating on June 01, 2021. The price target was changed from $57.60 to $58.30. Over the last 30 days, this security got 3 buy, 0 sell, and 0 hold ratings.

Volatility
5.19 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $45.68
Support: $43.68

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 48.40 5.95 %
47.06 3.03 %
46.24 1.22 %
Current price: 45.68
Support 43.56 -4.63 %
42.74 -6.44 %
41.40 -9.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 45.68
Support 43.68 -4.38%
36.13 -20.91%
34.33 -24.85%

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