NIO Share Price Soars by Approximately 17%
The stock chart of Chinese electric vehicle manufacturer NIO shows that its price has reached a new high for 2025, following a 10% surge yesterday.
In the process, the stock formed a wide bullish gap and successfully broke through the psychological $5 per share level.
Why Has NIOs Share Price Risen?
The bullish sentiment is largely driven by anticipation of the company's upcoming earnings report. Last year, NIO achieved record-breaking monthly EV deliveries, reaching 31,000 units in December.
Investors are now eagerly awaiting further details about NIOs two new mass-market brands, Onvo and Firefly. Onvo has already launched, while pre-orders for Fireflya compact and intelligent EV priced at around $20,500have begun.
Additionally, some investors may be shifting capital from TSLA shares (which have been experiencing a bearish trend, as reported yesterday) into NIO stock.
Technical Analysis of NIOs Stock Chart
Looking at the bigger picture, NIOs share price remains within a long-term downward trend (marked by the red descending channel). Since the start of 2025, the stock has fluctuated around the median line without dropping below $4 per share, a level where supply and demand have historically balanced out.
However, yesterdays strong upward momentum suggests that the balance may have shifted in favour of the bulls. Given the positive fundamental outlook, buyers could maintain the recent gains, potentially pushing the share price towards the upper boundary of the red channelfollowing the trajectory outlined by the blue lines on the chart.
Read more: https://fxopen.com/blog/en/oa-nio-share-price-soars-by-approximately-17-percent/
Text source: Forex Trading Blog
