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On Tuesday's trading, $NIO Inc.(NIO)$ was trading above its 200 DMA for the first time since September of 2022.
Editor's notes:
200-DMA(or SMA) are an widely used key indicator by traders and market analysts for check long term support or resistance price for a stock.
The 200-day seems, at times, to serve as an uncanny support level when the price is above the moving average or a resistance level when the price is below it.
As a very long-term moving average, the 200-day SMA is often used in conjunction with other, shorter-term moving averages to show not only the market trend but also to assess the strength of the trend as indicated by the separation between moving average lines. For example, comparing the 50-day SMA and 200-day is relatively common.
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