NIO (#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. 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.
-
EVENT: The China Securities Regulatory Commission has proposed changing a rule that forbids Chinese firms from sharing sensitive data and financial information with overseas regulators. The amendment might allow US regulators to inspect audit reports of Chinese companies listed in New York which could end a dispute that threatened Chinese firms with possible expulsion from the New York Stock Exchange or Nasdaq.
-
NIO SUCCESSFULLY LISTED ON HONG KONG STOCK EXCHANGE on March 9. An alternative way to go public by Listings by introduction has gained traction in Hong Kong this year, as Chinese companies move to head off the threat of a potential U.S. delisting, while market turmoil makes it hard to raise new funds at attractive prices.
-
INVESTORS TURN TO ALTERNATIVE ENERGY AS RUSSIA- UKRAINE WAR PUSHES OIL PRICES HIGHER: Green energy alternatives caught the attention of many investors as traditional (fossil) energy prices rose on the Russia- Ukraine war. Nio has at its disposal an advanced battery technology and electric vehicles, which can become a priority to many undecided customers and investors.
-
According to Deutsche Bank notes, Nio has materially increased the resilience of its supply chain while also aggressively investing to deliver top-notch premium experience. Nio is planning to maintain sales of existing models at 10,000 units per month and ramp up the ET7 by about 1,000 units incrementally every month, implying second-quarter volume of 36,000 units.
-
ANALYST OPINION: Morgan Stanley target is at $34 on the stock. Mizuho $60, while Deutsche Bank at $70 a share. UBS targets $32 a share. AVERAGE BLOOMBERG ANALYSTS’ CONSENSUS is $39.36 a share.
-
STOCK PRICE ACTION: NIO stock made its all-time high of $66.85 as recently as January, 2021. Since the Russia-Ukraine conflict started on February 24, the stock after huge oscillations raised 28.92%. ($23.85). The stock currently trades around 64% below the record high level. If a full recovery follows, the stock could increase around 181%.
NIO, April 05, 2022
Current Price: 24.00
|
NIO |
Weekly |
|
Trend direction |
|
|
33.00 |
|
|
31.50 |
|
|
29.50 |
|
|
19.00 |
|
|
17.50 |
|
|
16.00 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Pivot Points |
||||||
|
Profit or loss in $ |
9,000.00 |
7,500.00 |
5,500.00 |
-5,000.00 |
-6,500.00 |
-8,000.00 |
|
Profit or loss in €* |
8,196.57 |
6,830.48 |
5,009.02 |
-4,553.65 |
-5,919.75 |
-7,285.84 |
|
Profit or loss in £** |
6,857.25 |
5,714.37 |
4,190.54 |
-3,809.58 |
-4,952.46 |
-6,095.33 |
|
Profit or loss in C$** |
11,208.24 |
9,340.20 |
6,849.48 |
-6,226.80 |
-8,094.84 |
-9,962.88 |
* 1.00 lot is equivalent of 1 000 units
** Calculations for exchange rate used as of 09:20 (GMT+1) 05/04/2022
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 detail