NIO INC - ADR (NIO) Stock Technical Analysis
NYSE:NIO • US62914V1061
We assign a technical rating of 2 out of 10 to NIO. Recently some decent action could be observed, but in the medium term time frame this is still negative. NIO was also a bad performer in the overall market in the last year.
- 72% of all other stocks performed better in the past year than NIO.
- In the last month NIO has a been trading in the 4.38 - 5.22 range, which is quite wide. It is currently trading near the high of this range.
- NIO has an average volume of 45094700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- NIO is an average performer in the Automobiles industry, it outperforms 67% of 35 stocks in the same industry.
- 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.
NIO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.05. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NIO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.39
2 important support areas can be observed.
- Support @4.63 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.43 to 4.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.05 to 5.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for NIO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NIO is up. |
| ChartMill Relative Strength | 28.51 | NEGATIVE | NIO has a low relative strength, it was outperformed by 71.49% 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) | DOWN | MIXED | The current price of NIO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NIO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.6 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests NIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.02 | NEUTRAL | The Stochastics value for NIO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.81 | MEDIUM VOLATILITY | The ATR as a percentage value for NIO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.53 | NEGATIVE | The low ADX value for NIO suggests a weak or negative trend. |
4.95
-0.12 (-2.37%)
NIO INC - ADR / NIO FAQ
Can you provide the ChartMill technical rating for NIO INC - ADR?
ChartMill assigns a technical rating of 2 / 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 53.6037. 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 0.0675811, indicating a bearish trend.
What is the short term momentum for NIO stock?
The short term momentum for NIO INC - ADR (NIO) is positive.