NIO INC - ADR (NIO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NIO - US62914V1061 - ADR
We assign a technical rating of 1 out of 10 to NIO. NIO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of NIO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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3.83
We found 3 important support areas.
- Support @5.49 from a horizontal line in the weekly time frame.
- Support @5.39 from a horizontal line in the daily time frame.
- Support @3.87 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.50 to 5.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.04 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 | NEUTRAL | NEUTRAL | The long term trend for NIO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NIO is down. |
| ChartMill Relative Strength | 61.61 | NEUTRAL | NIO is not amongst the best or worst performers 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 | POSITIVE | The current price of NIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.27 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests NIO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.67 | OVERSOLD | The low Stochastics value suggests NIO may be oversold. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for NIO suggests high volalility. |
| Average Directional Index/ADX (14) | 29.93 | POSITIVE | The high ADX value value for NIO suggests a strong trend. |
5.5
+0.04 (+0.73%)
NIO INC - ADR / NIO FAQ
Can you provide the ChartMill technical rating for NIO INC - ADR?
ChartMill assigns a technical rating of 1 / 10 to NIO.
What is the current trend direction of NIO INC - ADR (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 32.273. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for NIO INC - ADR?
NIO INC - ADR (NIO) has a support level at 5.49 and a resistance level at 5.5. Check the full technical report for our detailed analysis of NIO support and resistance levels.