NIO Stock Forecast: NIO Closes Lower, Outlook Negative

NIO Stock Forecast: NIO Closes Lower, Outlook Negative

Uncategorized US Stocks
December 28, 2021 by Mathiew Evengelin
15
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

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
Screenshot 2021 12 28 at 4.44.39 PM

NIO has underperformed NASDAQ over the last 30 days.

NIO Stock Forecast: NIO Closes Lower, Outlook Negative

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 âš“VWAP of (35.94). Last month price broke and closed below major support of 33.38.🇺🇸📉 pic.twitter.com/dw4ae0kvek / 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

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.

Read DWAC Price Prediction

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.

NIO Stock Prediction and Forecast: NIO Stock Down by 3%. Trades below $40

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