Long correct lookLooking on the rsi macd and mfi positive crossing appears to the first target 15.50
NIOD trade ideas
NIO AnalysisPrice playing out nicely as per my previous analysis. Price is still respecting the bearish POI at 11.73 and price reacted, pushing it down. However, we do see signs of exhaustion and volume picking up slightly. Price is also building sell-side liquidity. I'm expecting price to go lower, taking out the sell-side liquidity and to mitigate the bullish POI at 7.90 before we see a rally.
NIO: Trading in a Critical Support Level! What to expect next?• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern;
• Since last week, NIO has been dropping while the volume was low, a sign of weakness;
• If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8;
• In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart;
• Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend;
• For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything,
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Time To Buy NIO
Chart 1.1
Chart 1.2
As Chart 1.1 and 1.2 explained how I predict markets will goes for next couple weeks, I think it is pretty safe to recommend some safe buys.
NIO is one of the top EV producers in China, and EVs are critical to China's future. Also, China is by far the most significant car market in the world and plans for EVs to account for 40% of all vehicle sales by 2030. When NIO ramped up production in 2020, the company ran into severe headwinds due to COVID-related effects. NIO was in financial trouble, and the Chinese government stepped in, acquiring a 17% stake in the company, providing the necessary liquidity required to continue operations.
NIO's popular ET7 sedan and ES7 large SUV are among the country's top-selling EVs and should continue experiencing robust demand. The ET7 has a range of approximately 290-555 km, goes from zero to 100 km in 3.8 seconds, and has a top speed of around 200 km/h. The car also has a five-star safety rating and is rolling out in Europe (Germany and the Netherlands). Moreover, NIO recently launched its new ET5 smaller and cheaper sedan in China, and sales of the popular vehicle should take off globally.
NIO is a high-growth company that prioritizes expanding car production and other operations. The company is also involved in the penetration of the European EV market. Therefore, we should not expect NIO to be profitable now, and it may not report positive EPS for several years. Nevertheless, NIO's remarkable growth story implies that the company has significant profitability potential, and just like any other high-growth company, we can evaluate NIO's valuation based on its sales.
NIO's revenues are projected to skyrocket by about 90% to roughly $14 billion next year. Then, we should see revenue growth moderate to about 30-45% in 2024 and lower double digits after that. However, consensus analysts' revenue growth of approximately 13-14% in 2025 and 2026 may be lowballed, and we expect the company will do better. With a market cap of around $18 billion, NIO's forward P/S multiple is roughly approximately 1.24 here, remarkably low for a company in NIO's position.
Wall Street's average one-year price target is around $20.30, roughly 93% above NIO's current stock price. Moreover, higher-end price targets go up to nearly $35, illustrating a price target almost 250% above current levels. Even the lowest price target of $12.34 is roughly 20% above NIO's deeply depressed levels.
Despite these bullish outlook, there are various risks to my thesis. Delisting fears and other detrimental factors related to China could continue to pressure NIO's stock price. Also, the company could run into various production issues and may not reach the production capacity I envision in time. Moreover, NIO's vehicles may experience a drop-off in demand, in which case the company's share price would suffer.
However, I still think it is time to buy NYSE:NIO
IS IT Finally Time To Buy NIO !!!. Nio is one of the dominant players in China's hot electric vehicle (EV) market , and the company had to suspend operations at a couple of factories last month as lockdowns were imposed.
Fearing Nio's production and deliveries to take a beating, investors dumped the EV stock -- Nio shares lost nearly 33% value in just one month through Nov. 9. One day later, Nio proved its critics wrong.
The EV manufacturer beat third-quarter revenue estimates and sees significant growth in car deliveries in the coming months. And Nio's growth plans are even bigger. So if you've been watching Nio stock plunge this year but haven't pulled the trigger yet, it's finally time to buy the EV stock.
Now Backed by 29% higher deliveries, Nio generated roughly $1.8 billion in revenue in Q3, up 32.6% year over year
WHY WE DECIDE IN REVENUE TO BUY NIO AGAIN ?
Nio is planning to launch five new models in 2023 , is still eyeing a mass-market brand , and expects its gross margin to hit 20% to 25% next year if battery costs fall.
The company has a lot of cash, so it has the leeway to invest billions of dollars in the research and development of new models. That's what the company plans to do to remain a prominent player in the world's largest EV market, China, even as it expands its footprint in Europe. Europe is also the only international market Nio has ventured into so far.
The markets may expect Nio to grow even faster, but Nio's confidence in delivering a record number of vehicles and growing its revenue by 75% to 94% in the fourth quarter despite macro headwinds is nothing to sneeze at. That alone should reinstate investors' faith in this EV stock that has slumped so dramatically to prices last seen more than two years ago.
from technical view we see that stock price is going to hit 30$ in 2023 as primary target
***All of the above are published for educational purpose which is not an investment recommendation
REVENUE RESEARCH
AMMAN / JORDAN
November 12
NIO Inc. Bull flagNIO earning report shared with the market their ambitions and expectations on Q4.
China Covid lockdowns are being lifted at some regions, specially Hefei (outbreak early October) where NIOs plants are located.
This change will correct the delays in deliveries.
Sales growth YTD +32%
“ CEO William Bin Li said in a statement that the company has seen strong interest in its new ET5 sedan, which he expects “will support a substantial acceleration of our overall revenue growth in the fourth quarter of 2022.” The ET5, the company’s second sedan. “
Earnings watch 11/10Earnings watch 11/10:
POSH
DDS
AZN
HUT
SIX
YETI
DOCS
MTTR
WE
NIO
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
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Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
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+5% portfolio trades, capital risk management
Beware of analyst's motives
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NIO: Next targets + Weekly analysis.• NIO hit a very important support level last week, and it did a bullish reaction;
• The support area made by the purple trend line + $9.40 is the most important support level for NIO. If it loses both lines, the next support is at $5.70;
• This week’s reaction was quite intense, and NIO is trying to reject the bullish reaction from last week;
• If NIO reacts after earnings, it could bounce again to its 21 ema, however, if it loses the $9.40, any possible bullish structure will be rejected;
• Let’s pay attention on how it’ll react near the lines plotted on the chart above.
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