Metastock Charts and Analysis for NIO (NYSE:NIO) Stock

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NIO
Ticker: NYSE:NIO
Price: $54.28

NIO News

Nio remains in the eye of the beholder. To bulls, NIO stock offers one of the best growth stories in the market. To bears, NIO is another example of a bubble in electric vehicle stocks, and perhaps the market as a whole.

Even skeptics have to admit that this is a company in far better position than it was just a year and a half ago. But NIO stock also dipped below $2 in October 2019. It closed Monday above $53.

This still is a company facing significant competition, from state-owned rivals, Li, Xpeng, Tesla, and American companies in the country. Nio still doesn’t manufacture its own vehicles, which limits per-unit profitability.

And, as TSLA bears long have argued, automotive manufacturing isn’t all that attractive of a business. It’s capital-intensive, even if Nio’s manufacturing partner (JAC Motors) is supplying that capital. Profit margins are thin: Nio’s gross margin in the third quarter was just 12.9%, and that figure was considered to be a positive surprise.

Yet Nio now is valued by the market at $65 billion. That’s an enormous figure, one that assumes substantial success and, seemingly, relatively modest returns going forward.

Certainly, the market cap alone doesn’t make NIO stock a short by any means. But it’s reasonable to believe both that Nio as a company has had a heckuva year — and that Nio as a stock has run too far.

Business Summary

Nio, Inc. designs, manufactures and sells smart and connected electric vehicles. It manufactures autonomous driving electric vehicles integrated with next generation technologies and artificial intelligence.

It manufactures ES8, which is a seven-seated all aluminum alloy body electric sports utility vehicle (SUV). It is equipped with e-propulsion system which is capable of accelerating from zero to 100 km per hour in 4.4 seconds and delivering a New European Driving Cycle driving range of up to 355 Kilometers (km) and a maximum range of up to 500 km in a single charge.

It is also focused on providing vehicle charging solutions, which include Power Home, Power Swap, Power Mobile and Power Express service. It also offers various value-added services to its users, such as statutory and third-party liability insurance and car damage insurance through third-party insurers, repair and routine maintenance services, courtesy car during lengthy repairs and maintenance and roadside assistance.

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 62.49.

The projected lower bound is: 47.21.

The projected closing price is: 54.85.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 29 white candles and 21 black candles for a net of 8 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 76.0684. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 63.22. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 26 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 4 period(s) ago.

Rex Takasugi - TD Profile

NIO INC closed up 3.780 at 54.280. Volume was 31% below average (neutral) and Bollinger Bands were 4% wider than normal.

Open High Low Close Volume 53.000 54.605 52.350 54.280 11,232,673

Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish

Moving Averages: 10-period 50-period 200-period Close: 49.16 44.94 19.82 Volatility: 89 112 117 Volume: 11,104,264 18,453,940 14,648,330

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

NIO INC is currently 173.9% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of NIO.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on NIO.N and have had this outlook for the last 0 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.