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$15.77 (1.22%)

Volume: 631.817k

Closed: Sep 30, 2022

Hollow Logo Score: -5.564

NIO Stock Forecast

$15.77 (1.22%)

Volume: 631.817k

Closed: Sep 30, 2022

Score Hollow Logo -5.564
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] The NIO stock currently holds an RSI14 at 16 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
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NIO stock price ended on $15.77 on Friday after gaining 1.22%
(Updated on Sep 30, 2022)

Sell candidate since 2022-09-20 Loss -22.73% PDF

The NIO stock price gained 1.22% on the last trading day (Friday, 30th Sep 2022), rising from $15.58 to $15.77. During the last trading day the stock fluctuated 6.18% from a day low at $15.21 to a day high of $16.15. The price has fallen in 6 of the last 10 days and is down by -21.74% for this period. Volume fell on the last day by -51 million shares and in total, 632 thousand shares were bought and sold for approximately $9.96 million. 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 of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.53 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.39% during the next 3 months and, with a 90% probability hold a price between $13.61 and $18.72 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, September 29, 2022, and so far it has risen 1.22%. 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 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 $17.07 and $19.21. 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 finds support from accumulated volume at $15.58 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 $0.94 between high and low, or 6.18%. For the last week, the stock has had daily average volatility of 6.71%.

NIO is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect NIO Inc. to open at $15.71, and during the day (based on 14 day Average True Range), to move between $14.50 and $17.04, which gives a possible trading interval of +/-$1.27 (+/-8.03%) up or down from last closing price. If NIO Inc. takes out the full calculated possible swing range there will be an estimated 16.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.58 (1.20%) than the resistance at $17.48 (10.84%), 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 is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.564

Strong Sell Candidate Unchanged

Predicted Opening Price for NIO Inc. of Monday, October 3, 2022

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

Fair opening price October 3, 2022 Current price
$15.71 $15.77 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 16.65 5.58 %
16.29 3.30 %
16.07 1.90 %
Current price: 15.77
Support 15.35 -2.66 %
15.13 -4.06 %
14.77 -6.34 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 19.24 22.00 %
18.30 16.04 %
17.48 10.84 %
Current price 15.77
Support 15.58 -1.20%
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About NIO Inc.

NIO NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. It offers five, six, and seven-seater electric SUVs, as well as smart electric sedans. The company is also involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, it offers power s... NIO Profile

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