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$33.12 (2.41%)

Volume: 51M

Closed: Dec 07, 2021

Hollow Logo Score: -3.603

NIO Inc. Stock Forecast

$33.12 (2.41%)

Volume: 51M

Closed: Dec 07, 2021

Score Hollow Logo -3.603
Which way will NIO go? Request
Key Stats
P/E Ratio -33.12
Beta 1.62
* 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 29 and the stock is currently not being overbought or oversold

NIO Inc. stock price up 2.41% on Tuesday
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-30 Loss -15.36%

The NIO Inc. stock price gained 2.41% on the last trading day (Tuesday, 7th Dec 2021), rising from $32.34 to $33.12. , 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 5.63% from a day low at $32.68 to a day high of $34.52. The price has fallen in 6 of the last 10 days and is down by -20.17% for this period. Volume fell on the last day by -19 million shares and in total, 51 million shares were bought and sold for approximately $1.69 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $32.26 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 8.27% during the next 3 months and, with a 90% probability hold a price between $34.93 and $47.94 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 3.02%. Further rise is indicated until a new top pivot has been found. 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 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 $35.96 and $39.77. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

NIO Inc. finds support from accumulated volume at $32.34 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 $1.84 between high and low, or 5.63%. For the last week, the stock has had a daily average volatility of 10.66%.

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

Is NIO Inc. stock A Buy?

The NIO Inc. stock holds several negative signals and despite the positive trend, we believe NIO Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.603

Predicted Opening Price for NIO Inc. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$33.44 $33.12 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 11, 2021 "Mizuho" gave "$67.00 - $65.00" rating for NIO. The price target was set to $41.91+6.0%.

Volatility and Risk
Daily Average Volatility: 10.66 %
Overall Risk: Very High High Medium Low Very Low
Volatility
10.66 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $35.38
Price: $33.12
Support: $32.34

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 35.28 6.52 %
34.58 4.40 %
34.14 3.09 %
Current price: 33.12
Support 32.74 -1.16 %
32.30 -2.47 %
31.60 -4.59 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 36.20 9.30 %
35.99 8.67 %
35.38 6.82 %
Current price 33.12
Support 32.34 -2.36%
32.15 -2.93%
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