NIO INC - ADR (NIO) Technical Analysis
NYSE:NIO • US62914V1061
Current stock price
NIO Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to NIO. Although NIO has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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 4.41 - 6.21 range, which is quite wide. It is currently trading near the high of this range.
- NIO has an average volume of 47238900 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 85% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- 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 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 3 important support areas.
- Support @4.64 from a trend line in the daily time frame.
- 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 5.97 to 6.04. 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 | NEUTRAL | NEUTRAL | The long term trend for NIO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NIO is up. |
| ChartMill Relative Strength | 85 | POSITIVE | NIO has a high relative strength, it outperformed 85% 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) | 67.13 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests NIO has a positive trend. |
| Stochastics (14,3) | 90.5 | OVERBOUGHT | The high Stochastics value suggests NIO may be overbought. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for NIO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.4 | NEUTRAL | The ADX value for NIO suggests a possible start of a new trend. |
NIO Chart- and CandleStick Pattern Analysis
NIO Technicals: Chart, Performance Metrics, Trend & Indicators
5.96
-0.07 (-1.16%)
NIO INC - ADR / NIO TA FAQ
Can you provide the ChartMill technical rating for NIO INC - ADR?
ChartMill assigns a technical rating of 7 / 10 to NIO.
What is the trend direction for 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 67.1266. This indicates that the stock is currently neutral.
What is the MACD signal for NIO stock?
The MACD indicator for NIO INC - ADR (NIO) has a value of 0.116068, indicating a bearish trend.
What is the short term momentum for NIO stock?
The short term momentum for NIO INC - ADR (NIO) is positive.