NIO INC - ADR (NIO) Stock Technical Analysis
NYSE:NIO - New York Stock Exchange, Inc. - US62914V1061 - ADR - Currency: USD
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.
87% of all other stocks performed better in the past year than NIO.
NIO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 33858400 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 37 other stocks in this industry, NIO did better than 41% of them.
Although the technical rating is bad, NIO does present a nice setup opportunity. 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 3.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NIO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.37
5.36
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.46 to 3.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.40 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 3.52 to 3.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.60 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.71 to 3.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.18 from a horizontal line in the daily time frame.
- Resistance @5.31 from a horizontal line in the daily 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 | 13.41 | NEGATIVE | NIO has a low relative strength, it was outperformed by 86.59% 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) | DOWN | NEGATIVE | The current price of NIO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.82 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NIO has a positive trend. |
| Stochastics (14,3) | 46.21 | NEUTRAL | The Stochastics value for NIO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for NIO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.05 | NEGATIVE | The low ADX value for NIO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.51
+0.03 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg0.86%
1 Week2.63%
2 Weeks2.63%
1 Month-6.4%
3 Month1.45%
6 Month-24.19%
12 Month-24.03%
2 Year-77.06%
3 Year-82.21%
5 Year-70.6%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%3.35%
ATR Inc-32.48%
Range Today0.08
ADR(20)0.11
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.41
Mansfield-2.7
10 Day High3.57
10 Day Low3.34
20 Day High3.9
20 Day Low3.34
52 Week High7.71
52 Week Low3.02
CS1 End3.46
CR1 Start3.54
Volume & EV
DER(3)5.04%
DER(5)3.99%
Volume15.65M
Volume Incr4.79%
Vol(5)34.59M
Vol(50)33.86M