NIO, Aroon Indicator entered an Uptrend on November 12, 2020.

Nov 13, 2020

Over the last three days, Tickeron's A.I.dvisor has detected that NIO's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 114 similar cases, 107 of which were successful. Based on this data, the odds of success are 90%. Current price $45.91 is above $30.59 the highest resistance line found by Tickeron A.I. Throughout the month of 10/13/20 - 11/12/20, the price experienced a +123% Uptrend. During the week of 11/05/20 - 11/12/20, the stock enjoyed a +14% Uptrend growth.

Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 24, 2020. You may want to consider a long position or call options on NIO as a result. Tickeron A.I.detected that in 26 of 30 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 87%.

Following a +16.25% 3-day Advance, the price is estimated to grow further. Considering data from situations where NIO advanced for three days, in 118 of 132 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.

The Aroon Indicator entered an Uptrend today. Tickeron A.I.detected that in 107 of 114 cases where NIO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.