$NIO NYSE:NIO - On Friday, the NIO stock price experienced a gain of 4.50%, closing at $9.99. Throughout the trading day, the stock fluctuated by 4.45%, reaching a low of $9.66 and a high of $10.09. Recent trends show that the stock has risen in 6 out of the last 10 days, resulting in a 12% increase over the past 2 weeks. However, volume decreased by 2 million shares on the last day, with a total of 50 million shares bought and sold, amounting to approximately $503.41 million. It's important to note that falling volume on higher prices can indicate a divergence and serve as an early warning for potential changes in the coming days. Currently, the stock is positioned in the upper range of a wide and weak upward trend in the short term, which could present a favorable selling opportunity for short-term traders, as a reaction back towards the lower part of the trend may be expected. A breakout above the top trend line at $10.24 would suggest a stronger upward momentum. Based on the current short-term trend, it is anticipated that the stock will rise by 7.92% over the next 3 months. There is a 90% probability that the stock will reach a price range between $8.34 and $11.06 at the end of this 3-month period.
