RSI indicator: NIO stock is severely overbought
$NIO Inc(NIO.US$ Based on RSI indicator, NIO stock is severely overbought. There are 9 out of 15 TA indicators giving bearish signals, the remaining is neutral and no bullish.
You can check using Moomoo features under Interpretation of Indicatos by searching the stock ticker e.g. NIO and scroll down:
By clicking Bearish (or Bullish) Signal(s), you should see Indicators Sentiment. Choose each indicators for further details. You can view chart and "i" for explanation.
The followings are some articles shared about NIO stock analysis recently:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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102332870 : so funny, use 1 min indicator to see RSI. Use the daily RSI will see differently.
NgKB : he only talk good things on Telsa and not others...
ZnWCOP : Like all TA indicators, there are limitations in RSI which I have shared before. See link below. It's a good practice to use more than one indicators and verify with macroeconomics conditions and market sentiment.
Knowing the limitations of TA indicator are important
https://www.moomoo.com/community/feed/110702669398022?global_content=%7B%22invite%22%3A%22101709443%22%2C%22promote_content%22%3A%22mm%3Afeed%3A110702669398022%22%7D&data_ticket=212ca245a589f1e400fb2e247953bc77&futusource=nnq_search_search-result&content_type=feeddetail
ZnWCOP NgKB: Your comment is irrelevant. This topic is about NIO not Tesla.
CHK82 NgKB: Ya. Noticed that also. Only tesla good the rest no good. Haha
GoliathSack : disappointing moomoo is losing favor
bullrider_21 102332870: The daily RSI gave a completely different answer.
bullrider_21 NgKB: You're right.
ZnWCOP : The duration of RSI setting will depend on your trading preferences. Hence I shared an article here about limitations of TA indicators (which someone will not want you to know). Here is the article about how to choose your duration appropriately:
RSI Trading Strategy - Master 80-20 Strategy (Updated 2023)
bullrider_21 : The correct TA using the correct setting for RSI is below. It is Tesla that is near overbought.
moomoo.com/comm...
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