NIO INC - ADR (NIO) Stock Technical Analysis
NYSE:NIO - US62914V1061 - ADR
6.34 USD
+0.8 (+14.44%)
6.45 USD
+0.11 (+1.74%)
We assign a technical rating of 9 out of 10 to NIO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NIO is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
NIO is one of the better performing stocks in the Automobiles industry, it outperforms 91% of 37 stocks in the same industry.
In the last month NIO has a been trading in the 4.37 - 6.58 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NIO has an average volume of 61929100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NIO is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NIO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.52
6.40
We found 3 important support areas.
- A support zone ranging from 4.61 to 4.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.43 from a horizontal line in the daily time frame.
- Support @3.56 from a trend 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 | UP | POSITIVE | The long term trend for NIO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NIO is up. |
| ChartMill Relative Strength | 93.99 | POSITIVE | NIO has a high relative strength, it outperformed 93.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.4 | OVERBOUGHT | The high RSI value suggests NIO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NIO has a positive trend. |
| Stochastics (14,3) | 86.62 | OVERBOUGHT | The high Stochastics value suggests NIO may be overbought. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for NIO suggests some volalility. |
| Average Directional Index/ADX (14) | 31.86 | POSITIVE | The high ADX value value for NIO suggests a strong 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)
6.34
+0.8 (+14.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg14.44%
1 Week31.81%
2 Weeks30.99%
1 Month28.86%
3 Month65.97%
6 Month42.79%
12 Month55.39%
2 Year-38.27%
3 Year-68.16%
5 Year-66.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%4.94%
ATR Inc225.35%
Range Today0.8
ADR(20)0.25
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.99
Mansfield2.78
10 Day High6.58
10 Day Low4.37
20 Day High6.58
20 Day Low4.37
52 Week High7.71
52 Week Low3.02
CS1 End4.67
CR1 StartN/A
Volume & EV
DER(3)6.34%
DER(5)3.6%
Volume234.47M
Volume Incr71.88%
Vol(5)113.09M
Vol(50)61.93M