$NIO NIO Inc Stock Robo Analyst October 27 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 29.40 and 22.59. If the stock breaks down through support at 29.40 then it will probably continue lower to 22.59. The stock will meet resistance at 32.25 and 37.21. If the stock breaks up through resistance at 32.25 then it will probably continue higher to 37.21. The 200-day moving average is at 10.05. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (84.09).”