CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

NIO Inc.

Market Opportunities - 23/04/2021

23 April, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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

NIO Inc.

Weekly

Trend direction

UP

Resistance 3

55.00

Resistance 2

50.00

Resistance 1

45.50

Support 1

33.00

Support 2

30.00

Support 3

28.00

Example of calculation base on weekly trend direction for 1.00 Lot*

NIO Inc.

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

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

Share It With Your Network
Nio Inc Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now
Close

Be aware of the holiday trading hours for:

  • Early May Bank Holiday: United Kingdom, Monday 03 May 2021.
Instrument 03.05.2021 04.05.201
ALL FOREX Regular Regular
Indices
UK 100 Closed Regular
Equities
Equities UK Closed Regular
  • Ascension Day: Sweden, Norway, and Finland, Thursday 13 May 2021.
Instrument 12.05.2021 13.05.2021 14.05.2021 17.05.2021
ALL FOREX Regular Regular Regular Regular
Equities
Equities Stockholm Closed Closed Closed Closed
Equities Helsinki Closed Closed Closed Closed
Equities Oslo Closed Closed Closed Closed
  • Hari Raya Puasa, Thursday, 13 May 2021 in Singapore.
  • Buddha’s Birthday, Thursday 19 in Hong Kong.
Instrument 13.05.2021 14.05.2021 19.05.2021 20.05.2021
ALL FOREX Regular Regular Regular Regular
Indices
Hong Kong 50 Regular Regular closed Regular
CHINA 50 closed Regular Regular Regular
  • Please note all times indicated are GMT
  • The above times may be subject to change
  • Please note that in case of low liquidity in a specific FX or metals instrument, the DR may widen the spreads and even close the instrument for trading – every change of that character will be notified ahead by the DR.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how leveraged contracts work and whether you can afford to take the high risk of losing your money.