Nio: What a defeat!
How does Nio influence the mood?
Nio has been rated as particularly positive by predominantly private users in social media over the past two weeks. This is the conclusion reached by our editorial team when evaluating the various comments and word messages that have dealt with this value in the past two weeks. In addition, predominantly positive topics were raised around the value in the past few days. In summary, we believe investor sentiment at this level therefore allows for a Buy rating. Therefore, the measure of investor sentiment generates an overall “Buy” rating.
Technical Analysts Pessimistic
The average closing price of Nio shares for the last 200 trading days is currently HKD 125.11. Thus, the last closing price (80.2 HKD) is deviating -35.9 percent, which corresponds to a “Sell” rating from a chart perspective. Let’s look at the average from the last 50 trading days. For this (102.1 HKD), the last closing price is also below the moving average (-21.45 percent deviation). Thus, Nio stock is given a “sell” rating on this shorter-term basis as well. The bottom line is that Nio stock thus receives a “sell” rating for the simple chart technique.
RSI indicator with sell signal
On a relative strength index basis, Nio stock is a hold. The index measures the upward and downward movements of different time periods (RSI7 for seven days, RSI25 for 25 days) and assigns them a ratio between 0 and 100. For the Nio share, this results in a value for the RSI7 of 70.16, which entails a “Sell” recommendation, and a value for the RSI25 of 51.52, which entails a “Hold” rating for this period. This results in an overall “Sell” ranking at the Relative Strength Indicator level.