NIO: managing the sell signal
NIO bounces 2.1% on sell-side volume as the downtrend holds its ground
NIO: managing the sell signal
Our view last week
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.
This week's summary
NIO shares bounce 2.1% this week — a shift from last week's near-flat -0.2% — but the tape doesn't back it up: 82% of volume stayed on the sell side, and our technical analysis reads a clear divergence. Price is boxed between the 20-day average, in the 4.93 area, and the daily pivot, in the 4.85 area — a tight corridor that the decline, under management for 11 weeks, keeps controlling. The short is now above 16% in profit.
IQS Phase
70
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#130 / 140
US stocks
Trade P&L %
+16.58%
from signal to today
restricted Platinum content