| Market Cap: 10.21B
Beta: 1.54
P/E Ratio: N/A
Overall Risk: Highest
NIO is testing a potential break-out and run after finding a bottom at $3.40. Currently the stock is at $4.87 doing a second attempt in short time to break the resistance at $5.00.
NIO is one of the many down beaten EV stocks that flew high under the EV hype some years back and reached a high close to $67 per share in 2021. Over the last year NIO has shown more and more signs of finding a longer term bottom, and in the long term chart the stock just found a Golden Cross from the relation between the moving averages.
Our system ranks NIO with very high risk, and huge volatility is expected over the next few weeks. The patient investor would wait for a clear trend shift and more confirmation before entering the stock. Our automated systems ranks NIO as a buy with a score of 3.94
Short Squeeze Coming Up?
The stock is above average shorted, but more shorts has been covered lately. Currently around 12% of the stocks are shorted and the shorters would need approximately 25 days to cover the open shorts in case of further movements upwards. Our systems has estimated an extreme high chance that a short squeeze is upcoming**.
** (Short Squeeze Probability is a unique new tool we have developed that is under testing so caution is warned and no conclusion should be made from the information.)
NB: Person(s) working, or otherwise related to Stockinvest.us, owns shares in NIO | 
