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Key Stats
P/E Ratio -65.52
Beta 1.91
* 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 ]
RSI14 is 54 and the stock is currently not being overbought or oversold

Green day on Monday for NIO Inc. (Updated on April 19, 2021)


Sell candidate since 2021-03-15 Loss -18.14%

The NIO Inc. stock price gained 1.91% on the last trading day (Monday, 19th Apr 2021), rising from $36.09 to $36.78. , 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 6.17% from a day low at $35.36 to a day high of $37.54. The price has been going up and down for this period, and there has been a -6.44% loss 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, 8 million more shares were traded than the day before. In total, 92 million shares were bought and sold for approximately $3.39 billion.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $33.98, a level that may pose a second chance to hit a runner. According to fan-theory $46.19 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

Signals & Forecast

There are mixed signals in the stock today. The NIO Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $37.04 and $40.03. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, March 29, 2021, and so far it has risen 3.58%. 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 $36.13 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 $2.18 between high and low, or 6.17%. For the last week, the stock has had a daily average volatility of 6.23%.

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

Is NIO Inc. stock A Buy?

NIO Inc. 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: -2.209

Predicted Opening Price for NIO Inc. of Tuesday, April 20, 2021

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

Fair opening price April 20, 2021 Current price
$36.56 $36.78 (Overvalued)
Sell Candidate Unchanged
Analyst Ratings

Mizuho is very positive to NIO and gave it a "Buy" rating on March 16, 2021. The price target was set to $60.00.

Volatility
6.23 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $38.11
Price: $36.78
Support: $36.13

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 38.74 5.33 %
37.91 3.06 %
37.39 1.67 %
Current price: 36.78
Support 35.73 -2.86 %
35.21 -4.26 %
34.38 -6.53 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 41.32 12.34 %
39.28 6.80 %
38.11 3.62 %
Current price 36.78
Support 36.13 -1.77%
35.66 -3.05%
35.21 -4.27%

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