NIO INC - ADR (NIO) Technical Analysis
NYSE:NIO • US62914V1061
Current stock price
NIO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to NIO. 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.
- Looking at the yearly performance, NIO did better than 91% of all other stocks.
- NIO is one of the better performing stocks in the Automobiles industry, it outperforms 97% of 35 stocks in the same industry.
- In the last month NIO has a been trading in the 5.29 - 6.64 range, which is quite wide. It is currently trading near the high of this range.
- NIO has an average volume of 46028400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NIO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NIO is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NIO Weekly and Daily overview Charts
NIO Setup Rating and Analysis
Although NIO has an excellent technical rating, it does not offer a high 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.
More info and screens
NIO Support and Resistance Analysis
4.41
We found 5 important support areas.
- A support zone ranging from 6.29 to 6.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.99 to 6.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.68 to 5.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.56 from a horizontal line in the daily time frame.
- Support @4.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.59 to 6.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
NIO Technical Indicator Signal Analysis
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 | 91.91 | POSITIVE | NIO has a high relative strength, it outperformed 91.91% 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) | UP | POSITIVE | The current price of NIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.75 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NIO has a positive trend. |
| Stochastics (14,3) | 91.3 | OVERBOUGHT | The high Stochastics value suggests NIO may be overbought. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for NIO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for NIO suggests a weak or negative trend. |
NIO Chart- and CandleStick Pattern Analysis
NIO Technicals: Chart, Performance Metrics, Trend & Indicators
6.58
+0.11 (+1.7%)
NIO INC - ADR / NIO TA FAQ
Can you provide the ChartMill technical rating for NIO INC - ADR?
ChartMill assigns a technical rating of 10 / 10 to NIO.
What is the trend direction for NIO stock?
The current trend direction for NIO INC - ADR (NIO) is Bullish.
What is the RSI signal for NIO stock?
NIO INC - ADR (NIO) has an RSI value of 63.747. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NIO INC - ADR?
The MACD indicator for NIO INC - ADR (NIO) has a value of 0.0400387, indicating a bearish trend.
What are the support and resistance levels for NIO INC - ADR (NIO) stock?
NIO INC - ADR (NIO) has a support level at 6.36 and a resistance level at 6.59. Check the full technical report for our detailed analysis of NIO support and resistance levels.