NIO Inc. (#NIO) weekly uptrend opportunity based On 1.00 Lot Calculation:
- NIO Inc. manufactures and sells automobiles. The company offers electric vehicles and parts, as well as 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. The company is headquartered in Shanghai, China.
- GENERAL (CHINA EV MARKET EXPANDS EXPONENTIALLY): China Passenger Car Association (March 8): The China Passenger Car Association said electric vehicle (EV) sales in February rose more 600% from a year ago (while falling 38% from January), to 97,000 EVs. The next report (for March) is expected to be released in mid- April 2021.
- CAR DELIVERY EXPECTATIONS FOR Q1 2021: Nio sees Q1 deliveries of 20,000-20,500 vehicles (meaning March expectations are high at 7,197- 7,697), up 421%-434% from a year ago and up 15%-18% from Q4. In February, the company delivered 5,578, meaning that March could mark a potential increase of 29.0%-38.0%.
- NIO’S NEXT PHASE OF EXPANSION IN CHINA: NIO Inc. announced in early February 2021 that it is partnering with the Hefei Anhui municipal government in China to build a new energy vehicle industrial park. The NIO China HQ is already based in Hefei and the new park will support production, R&D, pilot demonstration and various service facilities.
- NIO TO ENTER THE EU MARKETS: The company is set on entering the European market in the second half of the year. Norway is expected to be the first destination.
- PRICE ACTION (NIO STOCK MAY TEND TO RECOVER AFTER INITIAL FALLS): Nio stock price may tend to recover in the month after initial stock price falls on earnings. According to Bloomberg, the Nio stock has managed to rise into the month after four out of the last five earnings results, rising on average by 41%. The NIO stock fell 13% on Q4 earnings results to test levels below $43.00.
- ANALYST OPINION: Morgan Stanley maintains a price target of $80 a share. Credit Suisse forecasts $71, while Deutsche Bank sits at $70 a share. Muziho Securities initiated a coverage on NIO with a Price Target of $60 a share.
NIO Inc. (#NIO), March 12, 2021
Current Price: 43
|
NIO Inc. |
Weekly |
|
Trend direction |
|
|
70 |
|
|
60 |
|
|
53 |
|
|
33 |
|
|
27 |
|
|
20 |
Example of calculation base on weekly trend direction for 1.00 Lot*
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NIO Inc. |
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|
Pivot Points |
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Profit or loss in $ |
27,000.00 |
17,000.00 |
10,000.00 |
-10,000.00 |
-16,000.00 |
-23,000.00 |
|
Profit or loss in €** |
22,626.90 |
14,246.57 |
8,380.33 |
-8,380.33 |
-13,408.53 |
-19,274.77 |
|
Profit or loss in £** |
19,373.45 |
12,198.10 |
7,175.35 |
-7,175.35 |
-11,480.56 |
-16,503.31 |
|
Profit or loss in C$** |
33,917.40 |
21,355.40 |
12,562.00 |
-12,562.00 |
-20,099.20 |
-28,892.60 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:00 a.m. (GMT) 12/03/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details