VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
Bullish vs. Bearish (28 opinions)
93%
7%
Social Sentiment 0.12

NIO Forecast and Technical Stock Analysis

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Hold candidate since 2019-07-17 Loss -2.03%

NIO Inc. fell by -1.75% in the last day ( Friday, 19th Jul 2019 ) from $3.43 to $3.37 and has now fallen 3 days in a row. During the day the stock fluctuated 3.57% from a day low at $3.36 to a day high of $3.48. The price has fallen in 6 of the last 10 days , but is still up by 3.37% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3.83 million shares and in total 13.71 million shares bought and sold for approximately $46.19 million.

Quick summary:

  • 30 day high of the NIO stock price was $4.00 and low was $2.44.
  • 90 day high was $5.15 and low was $2.35.
  • 52 week high for NIO Inc. - $13.80 and low - $2.35.
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Trend

NIO Inc. lies the upper part of a very wide and falling trend in the short term, and this will 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 $3.40 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -40.22% during the next 3 months and, with 90% probability hold a price between $0.92 and $2.03 at the end of this period.

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Signals

NIO Inc. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $3.40. On a fall, the stock will find some support from the long-term average at approximately $2.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday July 16, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 73 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 $3.13 and $2.83.

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 $3.13. If this is broken, then the next support from accumulated volume will be at $2.83 and $2.64.

Support: $3.13 Price: $3.37 Resistance: $3.68

Risk

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 $0.12 between high and low, or 3.57%. For the last week, the stock has had a daily average volatility of 5.74%.

Our recommended stop-loss: $3.15 (-6.42%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)

5.74 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

NIO Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development.

The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 28 votes on StockTwits.

Previous Hold Today NIO ranks #1882 as HOLD CANDIDATE #1882 Next Hold

Will NIO stock price go up or down on Mon, 22 Jul 2019?

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