NIO (#NIO) weekly uptrend opportunity based On 1.00 Lot Calculation:
GLOBAL EV MARKETS:
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ELECTRIC VEHICLES (EV) MAKE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2021: The total global car market grew just 4.5% in 2021, by around 66.7 million cars. In 2020, the world sold around 63.8 million cars. The estimates say that around 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% from 2020. EV sales represent around 9% of all passenger car sales in 2021. The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales.
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MARKET POTENTIAL: ELECTRIC VEHICLES (EV) ARE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. The 2021 figures of 287.36 billion dollars are an increase of around 76% from 2020’s 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars, the EV market should be growing annually on average by 18.6%.
CHINA EV MARKETS:
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CHINA LEADS THE WAY (2021): EV MAKES AROUND 13% OF THE CAR MARKET IN CHINA, UP FROM 3.5% IN 2020: More than half of the total electric vehicles (EVs) sold worldwide last year (including plug-in hybrids) went to buyers in China. China led global EV growth in 2021 as sales nearly tripled (UP 277%) to 3.4 million (from 0.9 million in 2020). Total number of cars sold in 2021 in China was 26.28 million, and EV made around 13% of the market. Tesla is the largest EV in China, holding some 14% of the markets, followed by GM’s Wulling (~11.8%), BYD (~10%) and NIO with 2.7%.
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CHINA’S EV MARKETS EXPECTED TO GROW BY 61.76% in 2022 TO 5.5 MILLION VEHICLES. Globally, the EV markets are expected to grow from 6.5 million to 9.75 million units in 2022, which is an increase of around 50%. In China, the estimates say that around 25 million cars in total will be sold. The EV would make up around 20% of the total car markets.
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ELECTRIC VEHICLES IN CHINA ARE EXPECTED TO TAKE UP 40% OF CHINA’S CAR SALES BY 2030. Total car sales are expected to to grow to 38 million in 2030, while around 15 million (or 40%) to be Electric Vehicles.
NIO:
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THE COMPANY: Nio offers electric vehicles and parts and provides battery charging services. It currently sells the ES8 and ES6 electric SUVs, and a new EC6 electric crossover. In early January 2021 they revealed their new sedan ET7 that will be selling in 2022. On December 18, 2021, they revealed a cheaper sedan ET5, and they plan soon to announce a new model, that of ES7. The company is headquartered in Shanghai, China.
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EVENT: NIO WILL REPORT Q1 FINANCIAL RESULTS ON THURSDAY JUNE 9.
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EVENT (EXPECTED: SECOND HALF OF JUNE): ES7 MODEL (NEW MODEL) TO BE INTRODUCED.
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NIO has been added to HANG SENG INDEX. The decision is expected to come into effect on June 13.
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ANALYST OPINION: Morgan Stanley target is at $34 on the stock. UBS forecasts $32, while Barkleys at $34 a share. Mizuho targets $60 a share. Goldman Sachs set a target price of $56 a share. Average Bloomberg analysts’ consensus $38.51 a share.
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STOCK PRICE ACTION: NIO stock made its all-time high of $66.85 in January, 2021. The stock currently trades around $17.1. If a full recovery follows, the stock could increase around 304.28%.
NIO, May 31, 2022
Current Price: 17.15
NIO |
Weekly |
Trend direction |
|
25.00 |
|
23.00 |
|
21.00 |
|
14.00 |
|
12.00 |
|
11.00 |
Example of calculation based on weekly trend direction for 1.00 Lot1
Pivot Points |
||||||
Profit or loss in $ |
7,850.00 |
5,850.00 |
3,850.00 |
-3,150.00 |
-5,150.00 |
-6,150.00 |
Profit or loss in €2 |
7,309.47 |
5,447.18 |
3,584.90 |
-2,933.10 |
-4,795.38 |
-5,726.52 |
Profit or loss in £2 |
6,224.53 |
4,638.66 |
3,052.79 |
-2,497.74 |
-4,083.61 |
-4,876.54 |
Profit or loss in C$2 |
9,948.62 |
7,413.94 |
4,879.26 |
-3,992.12 |
-6,526.80 |
-7,794.14 |
- 1.00 lot is equivalent of 1 000 units
- Calculations for exchange rate used as of 09:10 (GMT+1) 31/05/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Client Manager for more detail