NIO stock: Sell signal, week 16 of management
NIO stock rebounds 2.4%, but daily highs keep sliding lower
Our view last week
NIO drops 4.6% and resumes selling with conviction: sellers control 81% of the week's volume, wiping out most of the 8.7% rebound from two weeks ago. NIO stock stays inside the Sell signal, now in its 15th week of management, with the short position up 22.74%. The ADX slides for a fifth straight week: the decline is losing steam but not direction. Our weekly technical analysis keeps tracking the evolution.
This week's summary
NIO stock closes the week up 2.4%, its first gain after two weeks of losses, but on the daily chart the sequence still shows lower highs, four in a row, from the 4.9 area down to the 4.6 area. The Sell signal has been under management for 16 weeks, with the short now up more than 20%: beneath the surface, money flow is improving but stays negative for a 14th straight week.
IQS Phase
62
ordinary
Signal Strength
10
decline losing steam
Sizing
MINIMUM
Ranking
#67 / 93
US stocks
Trade P&L %
+20.85%
from signal to date, no stop loss
Rank position
ranks 67th among the 93 sell signals for US stocks in our ranking, with a signal strength of 10 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly -0.15% · monthly +3.51%
NIO belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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