NIO INC - ADR (NIO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NIO - US62914V1061 - ADR
Taking everything into account, NIO scores 0 out of 10 in our technical rating. NIO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 80% of all other stocks performed better in the past year than NIO.
- NIO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- NIO has an average volume of 47437300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NIO is part of the Automobiles industry. There are 36 other stocks in this industry, NIO did better than 60% of them.
- NIO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NIO is lagging the market.
NIO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.63, a Stop Loss order could be placed below this zone.
More info and screens
4.41
We found 2 important support areas.
- A support zone ranging from 4.55 to 4.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.45 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.81 to 4.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.15 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NIO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NIO is down. |
| ChartMill Relative Strength | 20.42 | NEGATIVE | NIO has a low relative strength, it was outperformed by 79.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NIO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NIO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NIO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.77 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NIO has a positive trend. |
| Stochastics (14,3) | 14.13 | OVERSOLD | The low Stochastics value suggests NIO may be oversold. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for NIO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.12 | NEUTRAL | The ADX value for NIO suggests a possible start of a new trend. |
4.67
+0.11 (+2.41%)
NIO INC - ADR / NIO FAQ
Can you provide the ChartMill technical rating for NIO INC - ADR?
ChartMill assigns a technical rating of 0 / 10 to NIO.
What is the trend direction for NIO stock?
The current trend direction for NIO INC - ADR (NIO) is Bearish.
Can you provide the RSI signal for NIO INC - ADR?
NIO INC - ADR (NIO) has an RSI value of 41.7687. This indicates that the stock is currently neutral.
What is the MACD signal for NIO stock?
The MACD indicator for NIO INC - ADR (NIO) has a value of 0.0066067, indicating a bearish trend.
What is the short term momentum for NIO stock?
The short term momentum for NIO INC - ADR (NIO) is negative.