Alex Dudov
⬤ NIO Inc shares are trading cautiously as the latest daily chart update shows persistent technical weakness and fading momentum. The stock's setup remains unattractive from both technical and fundamental perspectives, with no confirmation of any meaningful trend reversal yet. The recent price action points to ongoing deterioration rather than recovery.
⬤ NIO has declined from a recent peak near $5.54 and drifted lower toward the mid-$4.60 range. After an earlier rally, the stock couldn't hold higher levels and rolled over, forming a series of lower highs. A downward-sloping ribbon indicator has developed, showing the loss of upward momentum that previously supported the move. Price remains stuck below prior resistance zones while horizontal support looks increasingly vulnerable.
⬤ Momentum indicators paint a similarly cautious picture. The MACD sits below its signal line, pointing to sustained downside pressure rather than fresh buying interest. The RSI is hanging in the lower half of its range and hasn't been able to push into stronger territory, which signals limited bullish participation. Other trend metrics show weakening follow-through—rebounds have been short-lived and unconvincing.
⬤ This technical setup matters because prolonged weakness in NIO can influence sentiment across the entire EV sector, especially among stocks with challenged growth stories. The stock's inability to stabilize or reclaim higher technical levels keeps downside risk elevated. Until the price action shows clearer signs of structural improvement, NIO will likely remain sensitive to broader market shifts and momentum-driven trading behavior.
Alex Dudov
