NIO INC - ADR (NIO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NIO - US62914V1061 - ADR
Overall NIO gets a technical rating of 0 out of 10. 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.
NIO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.14. Right above this resistance zone may be a good entry point.
More info and screens
4.73
We found 2 important support areas.
- Support @4.98 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.78 to 4.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.14 to 5.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.71 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for NIO is down. |
| ChartMill Relative Strength | 21.46 | NEGATIVE | NIO has a low relative strength, it was outperformed by 78.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NIO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NIO is below 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) | 36.31 | NEUTRAL | The RSI value for NIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NIO has a positive trend. |
| Stochastics (14,3) | 30.79 | NEUTRAL | The Stochastics value for NIO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for NIO suggests some volalility. |
| Average Directional Index/ADX (14) | 38.9 | POSITIVE | The high ADX value value for NIO suggests a strong trend. |
4.99
+0.06 (+1.22%)
NIO INC - ADR / NIO FAQ
Can you provide the ChartMill technical rating for NIO INC - ADR?
ChartMill assigns a technical rating of 0 / 10 to NIO.
What is the current trend direction of NIO INC - ADR (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 36.3146. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for NIO INC - ADR?
The buy/sell signal for NIO INC - ADR (NIO) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for NIO INC - ADR?
NIO INC - ADR (NIO) has a support level at 4.98 and a resistance level at 5.14. Check the full technical report for our detailed analysis of NIO support and resistance levels.