$NIO NIO Inc Stock Robo Analyst August 7 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 11.48 and 10.46. If the stock breaks down through support at 11.48 then it will probably continue lower to 10.46. The stock will meet resistance at 16.44 and 18.50. If the stock breaks up through resistance at 16.44 then it will probably continue higher to 18.50. The 200-day moving average is at 4.70. This will also act as support. The stock is neutral according to the Stochastic Indicator (53.35).”