Since October 13, 2023, NIO stock has traded between $7.10 and $8.50. The news of investments in the company of 2.2 billion USD provoked a rise in the price to 8.83 USD, which marked a breakdown of the upper limit of the range, but it turned out to be temporary. On December 20, the stock returned to the range and again tested resistance at 8.50 USD. Its next breakdown could lead to an increase in the price to 10.00 USD, and in the event of further growth in quotes, the shares could reach 11.35 USD. An additional factor in favor of price growth could be a breakdown of the 200-day moving average, which is located at 9.17 USD.