NIO INC - ADR (NIO) Stock Technical Analysis
NYSE:NIO - New York Stock Exchange, Inc. - US62914V1061 - ADR - Currency: USD
Taking everything into account, NIO scores 9 out of 10 in our technical rating. 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 77% of 37 stocks in the same industry.
In the last month NIO has a been trading in the 3.38 - 5.21 range, which is quite wide. It is currently trading near the high of this range.
NIO has an average volume of 50733800 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 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
NIO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NIO is lagging the market slightly.
NIO has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
3.47
5.36
3 important support areas can be observed.
- A support zone ranging from 4.97 to 5.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.50 from a horizontal line in the daily time frame.
- Support @3.50 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.02 to 5.02. This zone is formed by a combination of multiple trend lines 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 | 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 | 84.39 | POSITIVE | NIO has a high relative strength, it outperformed 84.39% 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) | DOWN | MIXED | The current price of NIO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.11 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NIO has a positive trend. |
| Stochastics (14,3) | 70.2 | NEUTRAL | The Stochastics value for NIO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for NIO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.77 | 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)
5.01
+0.14 (+2.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg2.87%
1 Week1.83%
2 Weeks14.12%
1 Month42.74%
3 Month24.32%
6 Month15.97%
12 Month23.7%
2 Year-51.22%
3 Year-74.84%
5 Year-73.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%5.52%
ATR Inc46.01%
Range Today0.33
ADR(20)0.25
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.39
Mansfield0.57
10 Day High5.21
10 Day Low4.46
20 Day High5.21
20 Day Low3.38
52 Week High7.71
52 Week Low3.02
CS1 End5
CR1 Start5.02
Volume & EV
DER(3)2.02%
DER(5)-1.69%
Volume81.68M
Volume Incr-2.23%
Vol(5)66.89M
Vol(50)50.73M