$NIO NIO Inc Stock Robo Analyst June 23 2020 #NIO

NIO Inc (NIO) “On a long-term technical basis, the stock (NIO) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 5.36 and 4.56. If the stock breaks down through support at 5.36 then it will probably continue lower to 4.56. The stock will meet resistance at 7.94 and 8.46. If the stock breaks up through resistance at 7.94 then it will probably continue higher to 8.46. The 200-day moving average is at 3.22. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (88.56), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”