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$37.09 (-2.47%)

Volume: 33M

Closed: September 16, 2021

Score: -0.977

NIO Inc. Stock Forecast

$37.09 (-2.47%)

Volume: 33M

Closed: September 16, 2021

Score -0.977
Which way will NIO go? Request
Stop-loss: $35.20 (-5.10%)
Key Stats
P/E Ratio -45.97
Beta 1.54
* 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 43 and the stock is currently not being overbought or oversold

NIO Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on September 16, 2021)


Hold candidate since 2021-09-16

The NIO Inc. stock price fell by -2.47% on the last day (Thursday, 16th Sep 2021) from $38.03 to $37.09. During the day the stock fluctuated 2.53% from a day low at $36.74 to a day high of $37.67. The price has risen in 6 of the last 10 days, but is still down by -5.09% for this period. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 33 million shares were bought and sold for approximately $1.22 billion.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.03% during the next 3 months and, with a 90% probability hold a price between $25.91 and $34.21 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

A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 2.20%. 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). 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 $38.00 and $40.39. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

NIO Inc. finds support from accumulated volume at $36.92 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 $0.93 between high and low, or 2.53%. For the last week, the stock has had a daily average volatility of 3.92%.

Our recommended stop-loss: $35.20 (-5.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)

Is NIO Inc. stock A Buy?

NIO Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.977

Predicted Opening Price for NIO Inc. of Friday, September 17, 2021

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

Fair opening price September 17, 2021 Current price
$37.17 $37.09 (Undervalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On August 12, 2021 "Citigroup" gave "" rating for NIO. The price target was changed from $43.97 to 0.6%.

Volatility and Risk
Daily Average Volatility: 3.92 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.92 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $39.36
Price: $37.09
Support: $36.92

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 38.10 2.71 %
37.74 1.76 %
37.52 1.16 %
Current price: 37.09
Support 36.81 -0.75 %
36.59 -1.34 %
36.24 -2.30 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 46.04 24.13 %
45.60 22.94 %
39.36 6.12 %
Current price 37.09
Support 36.92 -0.46%
36.29 -2.16%
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