NIO INC - ADR (NIO)

US62914V1061 - ADR

5.85  -0.12 (-2.01%)

After market: 5.7801 -0.07 (-1.19%)

Technical Rating and Analysis

0

Taking everything into account, NIO scores 0 out of 10 in our technical rating. NIO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NIO is a bad performer in the overall market: 90% of all stocks are doing better.
NIO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
NIO has an average volume of 64632500 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 40 other stocks in this industry, NIO did better than 56% of them.
In the last month NIO has a been trading in the 5.30 - 6.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
NIO Weekly chart
NIO Daily chart
Setup Rating and Analysis

7

Although the technical rating is bad, NIO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.97, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

5.79

9.92

When analyzing the support we notice one important area.

  • Support @5.85 from a trend line in the daily time frame.

We can see 4 important resistance areas.

  • A resistance zone ranging from 6.15 to 6.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 6.98 to 7.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @7.24 from a trend line in the daily time frame.
  • Resistance @9.82 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.88
Mansfield-4.19
10 Day High6.34
10 Day Low5.65
20 Day High6.34
20 Day Low5.3
52 Week High16.18
52 Week Low5.3
Performance
1 Week-2.5%
2 Weeks-0.17%
1 Month-3.62%
3 Month-20.95%
6 Month-45.98%
12 Month-37.1%
2 Year-74.39%
3 Year-87.22%
5 Year-38.87%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)42.22
LBB5.47
UBB6.3
NIO Daily chart

NIO INC - ADR

NYSE:NIO (2/22/2024, 3:50:25 PM)

After market: 5.7801 -0.07 (-1.19%)

5.85

-0.12 (-2.01%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-2.01%
1 Week-2.5%
2 Weeks-0.17%
1 Month-3.62%
3 Month-20.95%
6 Month-45.98%
12 Month-37.1%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.31
ATR(20)%5.23%
ATR Inc
Range Today0.26
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High6.34
10 Day Low5.65
20 Day High6.34
20 Day Low5.3
52 Week High16.18
52 Week Low5.3
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume48.77M
Volume Incr-26.34%
Vol(5)43.60M
Vol(50)64.63M