The stock market has recently survived a scare caused by DeepSeek rout but has since found its footing. We look at the top stocks today, Barclays, Nio and
Nio stock price rose sharply on Thursday in reaction to news that the company has repurchased convertible notes worth over $378 million. The news sent the stock up by 5.21%, with the price closing at $4.44. That has created an upbeat momentum around the stock, as it signals the company’s healthy financial standing.
In the long-term, the company targets to sell 440,000 vehicles in 2025, which is almost double the 2024 figures. Investors will have the first glimpse of the performance when Nio (NYSE: NIO) releases its January sales figures next week. The company raised expectations with its December numbers when it reported historic monthly sales of 31,138 units.
While spending over $378 million represents a significant cash outflow from the company, it also gives the company breathing space as far as its future interest obligations go. That will add support for Nio stock upside in the coming weeks.
Nio stock price pivots at $4.40 and the momentum signals the likely continuation of the upside. The stock will likely meet the first resistance at $4.47. However, a stronger momentum will breah that mark and potentially test $4.50.
On the other hand, breaking below $4.40 will favour the sellers to take control. Such momentum will likely drive the stock to the first support at $4.36. However, a stronger downward action could break below that level, invalidating the upside momentum and potentially testing $4.32.
Barclays stock price has been on a strong uptrend in 2025. The stock has risen by 11.9% year-to-date and gained 3.5% in the last five sessions. However, the bank faces a potential downside if the Bank of England (BoE) proceeds to cut interest rates as expected. That could eat into its net interest margin, which has been a major source of revenue.
That said, tBarclays (LSE: BARC) has a strong bottom line built from multiple forecast-beating earnings in 2024. Furthermore, with the UK’s economy forecast to grow by 1.2% this year up from last year’s estimated growth rate of 0.9%, it could absorb the impact of interest rate margin reduction and add propulsion to Barclays stock price.
Barclays stock price pivots at GBX 296.05 and the momentum indicator shows control by the buyers. That will likely see BARC move to the first resistance at GBX 298.50, beyond which the next target will be at GBX 300.35.
Conversely, the sellers will be in control if the stock price goes below GBX 296.05. In that case, immediate resistance is likely to be established at GBX 294.20. Meanwhile, the upside narrative will be invalid if the price breaks below that level. Also, an extended control by the sellers could send the price lower and test the second support level at GBX 291.80.
This post was last modified on Jan 31, 2025, 14:35 GMT 14:35