The market has been high on Nio Inc - ADR (NIO) stock recently. NIO gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Nio Inc - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NIO!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With NIO Stock Today?
Nio Inc - ADR (NIO) stock is trading at $39.45 as of 1:06 PM on Monday, Oct 18, a rise of $1.74, or 4.63% from the previous closing price of $37.71. The stock has traded between $37.27 and $39.50 so far today. Volume today is 26,903,211 compared to average volume of 34,233,371.
More About Nio Inc - ADR
NIO Inc operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Its model includes EP9 supercar, ES8, ES6, and EC6. The company sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application. The majority of the revenue is earned from selling vehicles.
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