NIO Stock declined by -7.76 percent from Thursday’s close – October 7th 2022

By InvestMacro.com | #stocks #NIO #technology

NIO Inc. End of Day Update: October 7th 2022

The NIO Inc. (NIO) stock finished the day with a fall of -7.76 percent compared to Thursday’s close and ended the day around the 13.76 price level, according to unofficial data at the New York close.

NIO, a Chinese technology and electric car company, gapped-lower to open the day trading at 14.29 with the high of the day being just a bit higher at 14.53 while the low of the day was at 13.54.

This was the second straight day the NIO stock fell sharply and it is currently trading at the lowest level since May.

As you can see from the chart, the 200-day moving average has turned over and been trending lower since the 4th quarter of 2021 while the 20-day moving average is also currently trending down.

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 score is at 29.8 for a Bearish-Oversold reading on the daily time-frame.

NIO Price Trends

The NIO has declined by -22.00 percent over the past 10 days while seeing a fall of -31.47 over the past 30 days. The 90-day change is -20.87 while the 180-day return and the 365-day return are -52.76 and -66.59, respectively.

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