While this happened, Macquarie upgraded its NIO Inc ADR [NIO] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early September from “a Neutral” to “an Overweight”. JP Morgan revised its rating on May 15, 2024. It rated NIO as “a Neutral” which previously was an “an Underweight”.
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Price Performance Review of NIO
On Tuesday, NIO Inc ADR [NYSE:NIO] saw its stock fall -9.49% to $4.58. Over the last five days, the stock has lost -13.26%. NIO Inc ADR shares have fallen nearly -49.50% since the year began. Nevertheless, the stocks have fallen -36.74% over the past one year. While a 52-week high of $9.57 was reached on 01/02/24, a 52-week low of $3.61 was recorded on 04/22/24. SMA at 50 days reached $5.58, while 200 days put it at $5.01.
Levels Of Support And Resistance For NIO Stock
The 24-hour chart illustrates a support level at 4.48, which if violated will result in even more drops to 4.38. On the upside, there is a resistance level at 4.78. A further resistance level may holdings at 4.98. The Relative Strength Index (RSI) on the 14-day chart is 36.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 25.07% indicates the stock is a holding.
How much short interest is there in NIO Inc ADR?
A steep rise in short interest was recorded in NIO Inc ADR stocks on 2024-10-31, growing by 18.31 million shares to a total of 186.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 168.61 million shares. There was a rise of 9.79%, which implies that there is a positive sentiment for the stock.
