NIO Stock Forecast: NIO Closes Lower, Outlook Negative
NIO Stock Forecast, December 28th: The price of NIO Stock is predicted to be between $ 28.8 and $ 30.6. for the next 24 hours.
The recommendation for the next 24 hours is Sell.
None of the 5 Momentum Indicators are Positive. 4 out of the 5 Momentum Indicators are Negative.
2 analysts
NIO Stock closed 1.83% lower at $ 29.96 in the last trading session.
|
Metric
|
Value
|
Trend
|
|
|
Share Volume
|
36 M
|
Lower
|
|
|
Average Share Volume
|
121 M
|
NA
|
|
|
Forward PE (1 Year)
|
-31.87
|
NA
|
NIO has underperformed NASDAQ over the last 30 days.
NIO Stock Forecast: Performance Chart
|
1 Day
|
5 Days
|
1 Month
|
1 Year
|
||
|
-1.83%
|
+1.75%
|
-25.95%
|
-32.00%
|
NIO Stock Forecast: Momentum Summary
|
Momentum Indicator
|
Indicator Direction
|
|
|
Price
|
Lower
|
|
|
Technicals
|
Sell
|
|
|
Social Media Sentiment Trend
|
Steady
|
|
|
Volume
|
Lower
|
|
|
Performance vs NASDAQ
|
Lower
|
NIO Stock Forecast: Technical Analysis
|
Source
|
Support
|
Resistance
|
Recommendation
|
|
|
$ 29.77 (S3)
|
$ 30.35 (R1)
|
Sell
|
||
|
$ 27.90 (S3)
|
$ 30.92 (R1)
|
Sell
|
Nio Stock Analysis and Predictions [December] – Ford Car Deliveries Helps
NIO Stock Forecast: Latest News and Tweets
Berty on Twitter: “$NIO Weekly chart
Some key levels with price now trading under the ATL
VWAP of (35.94). Last month price broke and closed below major support of 33.38.
pic.twitter.com/dw4ae0kvek / Twitter”
NIO Weekly chart
Originally tweeted by GusCharts (@GusCharts) on December 27, 2021.
$NIO nearing its bottom of the support again. #Nio has less than a 10% drop left before reaching support while having more than a 40% increase before reaching resistance. Please remember that Nio does not have touch either support or resistance for any time soon. #Stocks #Charts
NIO Stock Forecast: NIO Social Media Sentiments
|
Social Media Sentiment Period
|
Positive Sentiment
|
Negative Sentiment
|
Net Sentiment
|
|
|
Last 7 days
|
16%
|
11%
|
+5%
|
|
|
Last 24 hours
|
15%
|
13%
|
+2%
|
NIO Stock Forecast: Latest Crowd’s Videos
BREAKING!! GOLDMAN SACHS Said THIS About NIO 
Nio stock 
Nio Stock Analysis 
Stocks to buy now
NIO Stock Forecast: NIO Q3 Results and Upcoming Events
- Deliveries of vehicles were 24,439 representing 100.2 percent growth from third quarter 2020 and 11.6 percent growth from second quarter 2021.
- Total revenue stands at RMB9805.3 million (US$1521.8 million) in third quarter, an increase of 116.6 percent from same quarter last year and 16.1 percent from second quarter 2021
- Nio ET7 will be launched in German in 2022 and deliveries will begin by mid-November.
- Investors keenly watch Nio day-annual day for company’s newest product and technology launch. It will take place on 18th December this year in Suzhou.
- Investors will take positive clues from the product launch at the event and it may lead to fresh buying in the stock.
NIO Stock Forecast: Outlook for 2022
- Although stock has given negative return in last one year of around -20 percent as investors are not feeling confident about the stock fearing potential regulatory activity and supply chain disruptions
- Investors are also concerned about US central bank will raise the interest rate and so they are inclined to move their money from equity to bond market
- Some people are criticizing its close relationship with Chinese government but it is boon rather than curse considering political environment and curbs in China
- Nio posted weak October deliveries of only 3.67K. However, it is not a cause of concern as it needed some downtime to adjust its manufacturing process to scale ET7. Company has resumed normalcy in production since October end
- The company has estimated Q4 deliveries to be between 23.5K to 25.5K. And therefore it is expected to have flat growth estimates as compared to Q3. However, company counts on China to support its growth. China is #1 EV market globally.
Writer: Vineet Agarwal
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
