NIO Inc. weekly uptrend opportunity based On 1.00 Lot Calculation:
- NIO Inc. 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.
- EVENT: NIO will release its 1st Quarter Earnings results on April 29, 2021 (AFTERMARKET). Analysts, on average, estimate a loss of 16 cents per share, narrower than the 25-cent-per-share loss in the year-ago period. Revenues are expected to jump over 400% year-over-year to $1.02 billion.
- CAR DELIVERY FOR Q1 2021 (NIO BREAKS RECORDS): NIO delivered 20,060 vehicles in Q1, a new quarterly record representing an increase of 423% year-over-year. NIO delivered 7,257 vehicles in March, a new monthly record representing a 373% year-over-year growth.
- EVENT: MONTHLY CAR DELIVERY DATA TO BE ISSUED IN EARLY MAY: After reporting more than 7000 cars delivered in March, investors are going to be willing to see how the company has performed in April. The data could be expected around May 10, 2021.
- EVENT: NIO TO ENTER THE EU MARKETS: The company is set on entering the European market in the second half of the year. Rumors abound that Nio may announce its European expansion plan May 7 or 8.
- STOCK PRICE ACTION: The NIO stock currently trades around 40% below its recent all- time high of $66.85, tested in January 2021.
- ANALYST OPINION: Morgan Stanley targets a price of $64 a share. Credit Suisse forecasts $71, while Deutsche Bank sits at $70 a share. JP Morgan targets $70 a share.
NIO Inc. (#NIO), April 23, 2021
Current Price: 39.00
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NIO Inc. |
Weekly |
|
Trend direction |
|
|
55.00 |
|
|
50.00 |
|
|
45.50 |
|
|
33.00 |
|
|
30.00 |
|
|
28.00 |
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 $ |
16,000.00 |
11,000.00 |
6,500.00 |
-6,000.00 |
-9,000.00 |
-11,000.00 |
|
Profit or loss in €** |
13,268.32 |
9,121.97 |
5,390.25 |
-4,975.62 |
-7,463.43 |
-9,121.97 |
|
Profit or loss in £** |
11,535.02 |
7,930.33 |
4,686.10 |
-4,325.63 |
-6,488.45 |
-7,930.33 |
|
Profit or loss in C$** |
19,983.68 |
13,738.78 |
8,118.37 |
-7,493.88 |
-11,240.82 |
-13,738.78 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:00 a.m. (GMT) 04/23/2021
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