NIO Forecast and Technical Stock Analysis
Buy candidate since 2020-01-02 Gain 32.26% PDF
NIO Inc. gained 2.71% in the last trading day ( Thursday, 23rd Jan 2020 ), rising from $4.79 to $4.92 During the day the stock fluctuated 14.85% from a day low at $4.31 to a day high of $4.95. The price has risen in 9 of the last 10 days and is up by 45.13% over the past 2 weeks. Volume fell in the last day by -104.51 million shares and in total, 102.08 million shares bought and sold for approximately $502.24 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the NIO stock price was $5.65 and low was $2.35.
- 90 day high was $5.65 and low was $1.36.
- 52 week high for NIO Inc. - $10.64 and low - $1.19.
NIO Inc. lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.27 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 128.23% during the next 3 months and, with 90% probability hold a price between $7.41 and $12.02 at the end of this period.
NIO Inc. holds buy signals from both short- and long-term moving averages. In addition, 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 $4.57 and $3.20. A break down below any of these levels will issue sell signals. 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. A sales signal was issued from a pivot top point on Tuesday January 21, 2020, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 69 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $4.29 and $4.02.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NIO Inc. finds support just below today's level at $4.29. If this is broken, then the next support from accumulated volume will be at $4.02 and $3.72.
This stock may move much during a 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 $0.64 between high and low, or 14.85%. For the last week, the stock has had a daily average volatility of 14.08%.
Our recommended stop-loss: $4.56 (-7.29%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 day(s) ago.)
14.08 %Average volatility
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