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: CAR DELIVERY DATA FOR NOVEMBER (EXPECTED: DECEMBER 1): The company delivered a little over 3000 cars in October, which was considered a big disappointment, but the lower number of deliveries was explained the company as they spent time in October to increase capacity and put new models into mass production (like ET7). The company expects to see delivery between 23,500 and 25,500 in the fourth 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 $83, while Deutsche Bank sits at $70 a share. JP Morgan targets $60 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), November 11, 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 €** |
13,501.74 |
9,581.88 |
6,097.56 |
-5,226.48 |
-6,533.10 |
-7,404.18 |
|
Profit or loss in £** |
11,546.48 |
8,194.28 |
5,214.54 |
-4,469.61 |
-5,587.01 |
-6,331.94 |
|
Profit or loss in C$** |
19,384.92 |
13,757.04 |
8,754.48 |
-7,503.84 |
-9,379.80 |
-10,630.44 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:50 (GMT) 11/11/2021
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