NIO Stock declined by -2.28 percent, Oversold RSI – October 11 2022

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NIO Inc. End of Day Update: October 11th 2022

The NIO Inc. (NIO) stock ended the day with a slide of -2.28 percent and closed the day around the 12.83 price level, according to unofficial data at the New York close.

NIO, a Chinese electric car company, opened the day trading at the 13.13 trading level with the high of the day being 13.42 and the low of the day falling to 12.58. The 20-day and 200-day moving averages are both pointing down at this point and the stock is trading at the lowest levels since May 22nd.

The NIO RSI level is Bearish-Oversold

The Relative Strength Index, an indicator that can indicate overbought (above 70) and oversold levels (below 30), shows that the current RSI is currently at a 27.1 score. This is a Bearish-Oversold reading on the daily time-frame.

NIO Price Trends (Closing Price Changes)

NIO is now down by -25.36 percent over the past 10 days while seeing a fall of -35.23 over the past 30 days. The 90-day change is -31.94 while the 180-day return and the 365-day return are -48.41 and -67.80, respectively.

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