NIO Inc. (#NIO) weekly uptrend opportunity based On 1.00 Lot Calculation:
- Nio 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: Q3 EARNINGS RESULTS (EXPECTED: Mid-November). In the third quarter, NIO delivered a record of 24,439 vehicles, an increase of 100% year over year. The company is expected to book 1.445 billion dollars in revenue, an increase of 10.50% quarter over quarter.
- EVENT: NIO DAY 2021 (December 18): NIO could release at least two new models. The second vehicle to debut on 2.0 technology platform could very well be the ET5, a mid-sized sedan priced below the ET7. The ET5 is reported to arrive as a competitor to BMW’s 3-Series or Audi’s A4. Another model they could announce is EF9, a performance sports coupe.
- RECENT HISTORY: January 9, 2021 NIO Day. The company revealed a new model (ET7), with rumors being out weeks before the event. The stock rose around 60% within the two months before the event was held.
- STOCK PRICE ACTION: NIO stock currently trades around 40% below its recent all-time high of $66.85, tested in January 2021. If a full recovery follows, the stock could increase around 71.00%.
- ANALYST OPINION: Morgan Stanley reiterated a Buy and a price target of $64 on the stock. Credit Suisse forecasts $80, while Deutsche Bank sits at $60 a share. JP Morgan targets $70 a share. Citigroup upgraded the stock to buy from neutral, targeting $70 a share. Goldman Sachs set a target price of $56 a share.
NIO Inc. (#NIO), October 19, 2021
Current Price: 39.00
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NIO Inc. |
Weekly |
|
Trend direction |
|
|
54.50 |
|
|
50.00 |
|
|
46.00 |
|
|
33.00 |
|
|
31.50 |
|
|
30.50 |
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 $ |
15,500.00 |
11,000.00 |
7,000.00 |
-6,000.00 |
-7,500.00 |
-8,500.00 |
|
Profit or loss in €** |
13,300.73 |
9,439.22 |
6,006.78 |
-5,148.67 |
-6,435.83 |
-7,293.95 |
|
Profit or loss in £** |
11,247.37 |
7,982.00 |
5,079.46 |
-4,353.82 |
-5,442.28 |
-6,167.91 |
|
Profit or loss in C$** |
19,100.19 |
13,554.97 |
8,625.89 |
-7,393.62 |
-9,242.03 |
-10,474.30 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:00 (GMT+1) 19/10/2021
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*** 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