NYSE:NIO • US62914V1061
Taking everything into account, NIO scores 5 out of 10 in our technical rating. In the past year, NIO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
NIO has an average technical rating and it also 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.
4.41
When analyzing the support we can see 4 important areas.
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 | 55.07 | NEUTRAL | NIO is not amongst the best or worst performers 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) | 63.52 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests NIO has a positive trend. |
| Stochastics (14,3) | 78.94 | NEUTRAL | The Stochastics value for NIO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for NIO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.64 | NEGATIVE | The low ADX value for NIO suggests a weak or negative trend. |
5.29
+0.22 (+4.34%)
ChartMill assigns a technical rating of 5 / 10 to NIO.
The current trend direction for NIO INC - ADR (NIO) is Bearish.
NIO INC - ADR (NIO) has an RSI value of 63.5238. This indicates that the stock is currently neutral.
The MACD indicator for NIO INC - ADR (NIO) has a value of 0.0553021, indicating a bearish trend.
The short term momentum for NIO INC - ADR (NIO) is positive.