NIO’s run from ~$5.8 to ~$6.5 has been eye-catching, but the technicals are starting to look stretched.
• RSI is above 88 → that’s extreme overbought.
• Volume spike looks like FOMO rather than steady accumulation.
• Support sits around $6.20 and then $6.00. A break could see quick downside.
Yes, ES8 preorder buzz and Fed optimism gave it a lift, but history shows these rallies don’t run forever when the fundamentals (deliveries slowing, still unprofitable) haven’t changed.
Isn’t anybody seeing this?
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It’ll be re-rated to match the market cap of its peers (Xpeng, Li Auto) which is at approx 20-23B. NIO is currently at 13B. How much will the price change to match their market cap?
Current price movement is in anticipation and expectation of future events.