CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

NIO (#NIO)

Special Reports - 27/11/2023

27 November, 2023

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 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 (#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

UP

Resistance 3

12.00

Resistance 2

10.50

Resistance 1

9.00

Support 1

6.00

Support 2

5.50

Support 3

5.00

Example of calculation based on weekly trend direction for 1 Lot1

NIO

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

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
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient 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 Senior Account ManagerClient Manager for more detail
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