Nio Stock Price Prediction: NIO and Lucid Targets Over $20 in 2023!

Nio stock price is trying to sustain at the current level and 20-EMA might provide support to NIO shares.
Lucid stock price is also trying to maintain its recovery momentum and reach a $15.00 recovery level from the primary resistance level of $8.93.
Nio stock price and Lucid stock price targets are higher by the end of 2023, says analysts.

Nio stock price (NYSE: NIO) might recover maximum after breaking out of the primary resistance level to reach $20 recovery level. However, NIO shares got rejected from the primary resistance of $9.45 and has slipped again. However, NIO share price might retrace its path towards the recovery phase as soon as it gets support.

Nio stock price might target to surge maximum during 2023 and reach the recovery level of $20. Meanwhile, analysts also shared their views on Lucid stock price target to recover maximum during 2023 as EVs are booming all around. Lucid and Nio both are emerging names in the EV sector alongside Tesla, Rivian and Canoo.

Lucid stock price must continue the upward momentum in order to register its breakout from the primary resistance level of $8.93. Meanwhile, Lucid Stock price has gained 6.64% in a week signaling the maximum recovery.

Moreover, Lucid stock price might target for $20 for its maximum recovery in 2023. Analysts also predict that if Lucid stock price breaks out of the primary resistance level then it might reach the recovery level of $20 in 2023.

Nio stock price was at $9.07 and lost 2.16% of its market capitalization during Friday’s trading session. Trading volume has been below average from the last few trading sessions and needs to grow during Monday’s trading session for NIO shares to revert back.

Will NIO Stock Price Reach $20 in 2023?

Nio Inc. (NYSE: NIO) or NIO stock price has slipped from the primary resistance level and has been slipping since then. However, NIO share price must recover towards the primary resistance level in order to initiate its recovery phase over the daily time frame chart.

Meanwhile, Nio stock price is trying to sustain at 20-EMA in order to reach the 50, 100 and 200-days Daily Moving Average.

Nio stock price has recovered around 6.21% in a week suggesting the initialization of its recovery phase during 2023. However, trading volume needs to be increased during Monday’s trading session for NIO shares to sustain and bounce back.

For Nio stock price to reach the $20 over the chart it must break out from certain resistance levels to achieve the goal. NIO share price needs to break out of the primary resistance level as mentioned earlier to initiate its recovery towards the $12.51 secondary resistance level.

Moreover, Nio shares must sustain at $12.51 in order to keep up the pace and surge towards the $16.85 level to reach the final stage at $20 by mid 2023.

Technical indicators are pretty divergent over the price action of Nio stock price. Relative strength index showcases the downward velocity of NIO share price. RSI was at 46 and is below neutrality facing towards the oversold zone.

Nevertheless, MACD exhibits the upward momentum of NIO stock price. The MACD line is above the signal line after a positive crossover. Investors in NIO shares (NYSE: NIO) need to wait until the NIO stock price breaks out from the primary resistance level.

Technical Levels-

Resistance level- $9.45 and $12.51

Support level- $8.75 and $8.17

Will LCID Stock Reach $20?

Lucid stock price (NASDAQ: LCID) was at $8.19 and has lost 0.26% during the last trading session. Trading volume is still below average and needs to grow during Monday’s trading session.

Lucid stock price has been trying to sustain at 20-EMA to recover till 50, 100 and 200-days Daily Moving Average.

Lucid stock price must recover above the primary resistance level in order to initiate the recovery phase. Moreover, analysts also predict the maximum recovery of Lucid stocks during 2023.

In order to reach the final goal at $20 Lucid stock price has a long way to go and must recover from many milestones in between. First Lucid stock price must break out of the primary resistance level as discussed earlier.

After that the price of Lucid stock (NASDAQ: LCID) needs to recover out of the $11.73 resistance level followed by $13.00 and $17.82 resistances to recover properly till $20 price level by mid 2023.

Technical indicators suggest the upside trend of Lucid stock price. Relative strength index showcases the sideways momentum of Lucid stocks. RSI was at 45 and is flat below neutrality.

MACD exhibits the uptrend of Lucid stock price. The MACD line is above the signal line after a positive crossover. Investors in Lucid Stocks need to wait until the Lucid stock price breaks out from the primary resistance level and march towards the $20 price level.

Technical Levels-

Resistance level- $8.40 and $8.93

Support level- $7.75 and $7.50

Summary

Nio stock price (NYSE: NIO) might recover maximum after breaking out of the primary resistance level to reach $20 recovery level. Lucid stock price must continue the upward momentum in order to register its breakout from the primary resistance level of $8.93.

Nio stock price has recovered around 6.21% in a week suggesting the initialization of its recovery phase during 2023. Moreover, analysts also predict the maximum recovery of Lucid stocks during 2023.

Disclaimer-

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing