$NIO NIO Inc Stock Robo Analyst July 16 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 10.81 and 8.97. If the stock breaks down through support at 10.81 then it will probably continue lower to 8.97. The stock will meet resistance at 16.50 and 17.78. If the stock breaks up through resistance at 16.50 then it will probably continue higher to 17.78. The 200-day moving average is at 3.93. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (70.77).”