$NIO NIO Inc Stock Robo Analyst September 2 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 16.44 and 15.45. If the stock breaks down through support at 16.44 then it will probably continue lower to 15.45. The stock will meet resistance at 21.06 and 22.61. If the stock breaks up through resistance at 21.06 then it will probably continue higher to 22.61. The 200-day moving average is at 6.05. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (82.97).”