Meanwhile, JP Morgan downgraded its NIO Inc ADR [NIO] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Goldman also remained covering NIO and has decreased its forecast on November 25, 2024 with a “Sell” recommendation from previously “Neutral” rating. Macquarie revised its rating on November 20, 2024. It rated NIO as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of NIO
On Friday, NIO Inc ADR [NYSE:NIO] saw its stock jump 0.25% to $3.97. Over the last five days, the stock has lost -1.49%. NIO Inc ADR shares have fallen nearly -8.94% since the year began. Nevertheless, the stocks have fallen -27.95% over the past one year. While a 52-week high of $7.71 was reached on 03/12/25, a 52-week low of $3.02 was recorded on 04/08/25. SMA at 50 days reached $4.10, while 200 days put it at $4.58.
Levels Of Support And Resistance For NIO Stock
The 24-hour chart illustrates a support level at 3.92, which if violated will result in even more drops to 3.87. On the upside, there is a resistance level at 4.06. A further resistance level may holdings at 4.15. The Relative Strength Index (RSI) on the 14-day chart is 50.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.70%. Stochastics %K at 43.60% indicates the stock is a holding.
