NIO: the decline keeps losing steam
NIO nearly flat (-0.2%): the rebound climbs to 10% but money flow stays negative
NIO: the decline keeps losing steam
Our view last week
NIO has reached week 9 of a sell signal: this week closed down 1.4%, the mildest weekly decline of the last four, with sell volume at 83%. Underneath, though, MACD and CMF keep worsening compared with a month ago. On the daily chart a double bottom in the 4.7 area is holding, with a 7% intermediate rebound that hasn't yet changed the underlying direction.
This week's summary
NIO shares remain inside a long-running sell signal, but the week just closed was nearly flat: -0.2%, the mildest weekly move of the stretch. Underneath, the picture hasn't improved — the MACD keeps deteriorating and money flow stays firmly negative, with 85% of trading on the sell side. On the daily chart, though, the double bottom in the 4.7 area is holding, and the intermediate rebound has climbed to 10%: our technical analysis is tracking closely how this standoff resolves.
IQS Phase
86
in tension / maturity
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#116 / 137
US stocks
Trade P&L %
+18.29%
from signal to today
restricted Platinum content