Stock Market Today, April 1: Nio Shares Jump After March Deliveries Surge 136% Year Over Year

NIO’s 136% YoY delivery surge signals a fundamental recovery, yet the technical posture remains cautious as the stock struggles to overcome the bearish MACD crossover, suggesting this rally is a short-term trend reversal attempt rather than a structural breakout. With the price hovering at $5.32 and RSI at a neutral 42.60, the lack of volume conviction (0.94x average) indicates that institutional players are still skeptical, likely hedging against the dilution risks highlighted in recent filings. The confluence of poor momentum indicators and a "Wait" technical score suggests traders should look for a confirmed daily close above the $5.60 resistance level to validate the delivery news. Failure to hold the $5.00 psychological support amidst potential dilution fears could trigger a liquidity trap, making current levels high-risk for long positions. I recommend a "Wait" approach until volume surges above 1.2x average, signaling that the delivery growth is actively attracting the institutional capital necessary to flip the MACD from its current bearish trajectory.