NIO (#NIO) weekly special report based On 1 Lot Calculation:
GLOBAL EV MARKETS:
- ELECTRIC VEHICLES (EV) MADE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2022: The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales in 2022.
- MARKET POTENTIAL: ELECTRIC VEHICLES (EV) COULD BE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. The 2021 figures of 287.36 billion dollars are an increase of around 76% from 2020’s 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars, the EV market could be growing annually on average by 18.6%.
NIO: EVENTS AND ANALYSIS
- EVENT (DECEMBER 1): MONTHLY CAR DELIVERY (NOVEMBER). NIO has seen an improvement over the past few months and 2023 already looks better in terms of car delivery compared to 2022. Most recently, delivery in October (16,074) posted an increase of 2.77% compared to September, and 60% of an increase from the same period last year. Considering the year to date period (January to October), Nio has posted an increase of 36% from the same period last year.
Table I: Nio Car Delivery (January – October) Since 2020
DATA SOURCE: NIO.COM
- EVENT (CONFIRMED: DECEMBER 5, PREMARKET): Q3 EARNINGS REPORT. According to Bloomberg, Nio is expected to post a record high quarterly revenue for Q3 of 2.641 billion dollars, an increase of 69% from Q2. This also would be an increase of 39% from the same period last year. The company is still expected to post a net loss (-567.4 million dollars), but lower than previous quarter (-872 million dollars, and lower than same period last year (-605 million dollars)
- EVENT (EXPECTED: DECEMBER 23, 2023): NIO DAY. NIO uses this occasion to introduce either new technology or a car model that could attract investors attention. In fact, there have been unconfirmed rumors that NIO could team up with the Maybach brand in order to come up with a new revolutionary Electric Vehicle. An eventual new model could start delivering in 2025.
NIO: PRICE ACTION
- STRONG SUPPORT AT $7.00 MAINTAINED SINCE OCTOBER 2022. Nio has tested the area four times since October 2022, showing strong support at $7.00 a share.
Graph (Weekly): NIO (October 2022- November 2023)
Source: Fortrade MetaTrader4
Please note that past performance does not guarantee future results.
- THE STOCK HAS TRADED AROUND 89% BELOW ITS ALL- TIME HIGH OF $66.88 (January 11, 2021). Nio was last trading around $7.40, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 803%. However, the price could decline further.
- ANALYSTS OPINIONS: Morgan Stanley forecasts $18.70. Muziho forecasts $18. Citigroup forecasts $19. JPMorgan forecasts $10.50.
#NIO, November 27, 2023
Current Price:7.40
|
Nio |
Weekly |
|
Trend direction |
|
|
12.00 |
|
|
10.50 |
|
|
9.00 |
|
|
6.00 |
|
|
5.50 |
|
|
5.00 |
Example of calculation based on weekly trend direction for 1 Lot1
|
NIO |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
4,600.00 |
3,100.00 |
1,600.00 |
-1,400.00 |
-1,900.00 |
-2,400.00 |
|
Profit or loss in €2 |
4,201.72 |
2,831.59 |
1,461.47 |
-1,278.78 |
-1,735.49 |
-2,192.20 |
|
Profit or loss in £2 |
3,648.10 |
2,458.50 |
1,268.90 |
-1,110.29 |
-1,506.82 |
-1,903.36 |
|
Profit or loss in C$2 |
6,280.98 |
4,232.83 |
2,184.69 |
-1,911.60 |
-2,594.32 |
-3,277.03 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 10:00 (GMT) 11/27/2023
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