NIO Inc. (NIO)

NIO Inc. is trading at $4.74, up 3.04% on the session. The 50 day average sits at $5.08 and the 200 day at $5.50, which puts the stock in a downtrend. RSI is at 47.7, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $4.73 with resistance near $4.94, so that band frames the current range. Average daily movement is roughly $0.18, or about 3.8% of the share price, which is what any stop placement has to allow for. The overall health score of 45 out of 100 combines a trend score of 3, momentum of 67 and a risk score of 81.

NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China, Europe, and internationally. It offers five and six-seater electric SUVs, as well as smart electric sedans. The company also offers power solutions, including Power Home, a home charging solution; Power Swap, a battery-swapping service; Power Charger and Destination Charger; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for power valet service. In addition, it provides repair, maintenance, car beauty, and inspection services through its service centers and authorized third-party service centers; vehicle transportation and delivery, pre-delivery inspections, guidance on vehicle features, assistance with vehicle registration, and insurance processing services; insurance, maintenance, repairs, accident rescue, car washing, chauffeur services, and valet parking services; and remote monitoring and real-time diagnostics services, as well as technical, warranty, and auto financing arrangements. Further, the company is involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of electric powertrains, battery packs, and components; and sales and after-sales management activities. Additionally, it operates in app NIO Auto Mall where users can select from various accessories and value added services; and online auction platform. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was incorporated in 2014 and is headquartered in Shanghai, China.