NIO was a top gainer, rising +161.96%. Expect Uptrend reversal
Tickeron AI shows that NIO Inc - ADR (NIO, $7.23) was one of top quarterly gainers, jumping +161.96% to $7.23 per share. Tickeron AI analyzed 16 stocks in the Motor Vehicles Industry over the last three months, and discovered that 16 of them (100%) charted an Uptrend while none of them (0%) trended down. Tickeron A.I.dvisor found 79 similar cases when NIO's price went up 15% within three months. In 66 out of those 79 cases, NIO's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for NIO are 84%.
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