Global Stock News

Bearish Trend Ahead of Earnings Q2

Bearish Trend Ahead of Earnings Q2

NIO Inc. stock enters its Q2 earnings window under clear technical pressure, closing Monday at $4.23 on heavy volume of roughly 44.5 million shares. With the daily chart in a bearish regime, tension between trend and oversold momentum defines the setup heading into the print.

NIO daily chart with EMA20, EMA50 and volume
NIO — daily chart with candlesticks, EMA20/EMA50 and volume.

Key takeaways

  • NIO Inc. stock closed Monday at $4.23 on volume of roughly 44.5 million shares, sitting below every major moving average.
  • Daily RSI14 at 34.58 has not yet reached oversold territory, leaving room for further downside.
  • Hourly RSI14 at 27.82 is firmly oversold, while MACD shows flattening downside momentum.
  • NIO reported 35,836 vehicle deliveries in August, up 14.5%…

Source link

Share this article

Scroll to Top