NIO Limited (NIO)
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
In the current situation of NIO Inc. there is not any eligible buy setup. This doesn't mean we expect a selloff for $NIO in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies help us to avoid impetuous decisions based on our emotions or the buzz surrounding the market. When selling, as well as buying, detailed setups are very simple to use but are only valid for selling stocks in your porfolio, not for shorting $NIO stock
As a golden rule, you must never mantain an operation that leads to losses greater than those expected upon purchase. When to sell shares must always be dictated by the stop-loss (automatic or manual)
In the current situation of NIO Inc. there is not any eligible sell setup, so NIO Inc. stock holders with operations in profit can keep their positions
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days, 2 ratings were published for NIO Inc.. General sentiment is bullish, with 2 out of 2 publishing positive outlooks
| Brokerage firm | Rating |
|---|---|
| Oct 14th, 2020 | |
| Citigroup | Neutral → Strong buy |
| Oct 14th, 2020 | |
| JPMorgan Chase & Co. | Neutral → Buy |
NIO Inc. stock started an uptrend last March, and gained an amazing 1187.2%. The price shows higher highs and higher troughs, and along the way gave some buy points for those who wanted to enter. Latest pullback was in early September, when price bounced at $15.61. Now, the price swings in a consolidation between its last top ($29.40) and its last bottom ($15.61)
Moving averages are simple tools for investors to detect market direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. Further about Moving Averages from sources like Wikipedia and Investopedia
Market investors use support and resistance levels as a way to identify price points in the stock price action that tend to act as barriers, preventing the price of a stock to move up or down. A support level is a level where the price tends to stop as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it will probably continue descending until approaching another support level. On the contrary, resistance levels are where the price tends to find resistance as it rises. In the same way, this means that the price is more likely to "bounce off" at this level, and if it finally breaches this level, it will rally easily until it finds the next resistance
The current resistances are:
The current supports are:
The so-called Bollinger bands are a widely known studio that was created by John Bollinger. It is made up of three lines that are superimposed on the price evolution chart:
Since the price surpassed the upper band on Monday, the price corrected downwards by 4.9%
The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to map the current and previous strength or weakness of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in 1978
Relative Strength Indicator (RSI) crossed over the 70 level Friday, marking a reading of 70.52. Contrary to what many investors may think, the fact that the RSI value is above 70 does not in any way imply a sell point, as shares can climb during several weeks being in the overbought zone
In mid-August, NIO Limited ($NIO) reported adjusted EPS for fiscal second-quarter that strongly surpassed Market expectations. Quarterly EPS was $-1.08 per share compared to the forecasted $-1.84. This Q2 report represents an earnings surprise of 41.3%.
Compared to the same quarter last year, EPS was $-3.11, so current EPS is a improvement of 65.27%. Turnover exploded a 102.46% on an annualized basis in the fiscal 2nd-quarter, from $1.8B to $3.7B last quarter.NIO ($NIO) is hosting the earnings call next December.
