Technical Analysis: NIO's stock has shown significant weakness recently, falling from $5.97 on February 21 to $4.44 on February 23. The technical indicators suggest a bearish trend:
News Impact: Recent developments affecting NIO's price:
Price Prediction for Next Week: Based on Fibonacci levels and technical analysis:
Expected price range: $4.09-$4.75
Recommendation: SELL Rationale:
Target exit price: Current levels ($4.44-4.55) Stop loss: $4.75 (R2 level)
The price of NIO is predicted to go up -4.41%, based on the high correlation periods with UEC. The similarity of these two price pattern on the periods is 91.44%.
NIO
UEC
Year
NIO Price Forecast($)
Potential Return(%)
2025
6.500
56.060
2026
8.000
85.190
2027
12.000
177.780
2028
12.000
177.780
2029
12.000
177.780
2030
20.000
362.960
Nio has successfully built its premium brand image, which will differentiate the company from its mass-market competitors and generate extra pricing power for the company's electric cars.
Advancing battery technology and charging solutions will ease range anxiety on electric cars. Chinese consumers' soaring demand for EV cars will benefit NEV carmakers such as Nio.
Younger-generation car buyers value vehicle tech experience, giving Nio leadership compared with legacy carmakers.
Goldman Sachs
2024-11-25
Price Target
$4.8 → $3.9
Downside
-16.49%
Macquarie
2024-11-20
Price Target
$6.6 → $4.8
Upside
+3.23%
Macquarie
2024-10-28
Price Target
$6.6
Upside
+13.6%