NIO INC - ADR (NIO) Stock Technical Analysis
USA - NYSE:NIO - US62914V1061 - ADR
6.75 USD
-0.08 (-1.17%)
6.76 USD
+0.01 (+0.15%)
Overall NIO gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month NIO has a been trading in the 6.28 - 8.02 range, which is quite wide. It is currently trading near the lows of this range.
NIO is part of the Automobiles industry. There are 37 other stocks in this industry. NIO outperforms 88% of them.
NIO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NIO is lagging the market slightly.
NIO has an average volume of 88196900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, NIO did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although the technical rating is only medium, NIO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. 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
3.43
7.79
We found 4 important support areas.
- A support zone ranging from 6.70 to 6.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.12 to 6.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.74 from a trend line in the daily time frame.
- Support @3.46 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @7.71 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 | UP | POSITIVE | The long term trend for NIO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NIO is down. |
| ChartMill Relative Strength | 90.75 | POSITIVE | NIO has a high relative strength, it outperformed 90.75% 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) | 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) | 46.83 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests NIO has a negative trend. |
| Stochastics (14,3) | 23.46 | NEUTRAL | The Stochastics value for NIO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for NIO suggests high volalility. |
| Average Directional Index/ADX (14) | 29.36 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.16 | 6.69 | 0.47 (6.55%) | 15.26% |
| An entry @7.16. This is a Buy Stop order right above the 10 day moving average. | An exit @6.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.47 points, which is 6.55%. | For a 1.00% total portfolio risk, you can invest 15.26% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NIO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.75
-0.08 (-1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-1.17%
1 Week0.6%
2 Weeks-12.34%
1 Month-8.41%
3 Month53.76%
6 Month91.76%
12 Month29.31%
2 Year-7.53%
3 Year-30.2%
5 Year-77.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%6.64%
ATR Inc5.62%
Range Today0.25
ADR(20)0.4
ADR(20)%5.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.75
Mansfield3.1
10 Day High7.86
10 Day Low6.28
20 Day High8.02
20 Day Low6.28
52 Week High8.02
52 Week Low3.02
CS1 End6.7
CR1 Start7.71
Volume & EV
DER(3)3.61%
DER(5)1.44%
Volume76.62M
Volume Incr-16.1%
Vol(5)72.90M
Vol(50)88.20M