NIO INC - ADR (NIO) Stock Technical Analysis
NYSE:NIO - New York Stock Exchange, Inc. - US62914V1061 - ADR - Currency: USD
Overall NIO gets a technical rating of 0 out of 10. NIO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
86% 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 has an average volume of 40199300 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.
In the last month NIO has a been trading in the 3.35 - 4.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NIO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.78. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.47
5.36
2 important support areas can be observed.
- A support zone ranging from 3.59 to 3.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.51 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 3.78 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.04 from a trend line in the daily time frame.
- Resistance @4.11 from a horizontal line in the weekly time frame.
- Resistance @4.70 from a trend line in the weekly time frame.
- Resistance @4.80 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for NIO is neutral. |
| ChartMill Relative Strength | 14.25 | NEGATIVE | NIO has a low relative strength, it was outperformed by 85.75% 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) | 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) | 48.08 | 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) | 56.14 | NEUTRAL | The Stochastics value for NIO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for NIO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.93 | 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)
3.74
-0.07 (-1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-1.84%
1 Week-0.27%
2 Weeks1.91%
1 Month-9.22%
3 Month-23.67%
6 Month-17.07%
12 Month-13.63%
2 Year-61.4%
3 Year-82.78%
5 Year-51.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%4.19%
ATR Inc17.63%
Range Today0.15
ADR(20)0.13
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.25
Mansfield-2.06
10 Day High3.92
10 Day Low3.35
20 Day High4.22
20 Day Low3.35
52 Week High7.71
52 Week Low3.02
CS1 End3.64
CR1 Start3.78
Volume & EV
DER(3)-1.35%
DER(5)0.41%
Volume31.47M
Volume Incr-2.63%
Vol(5)32.97M
Vol(50)40.20M