NIO (#NIO) weekly special report based on 1 Lot Calculation:
THE COMPANY
- Nio is a Chinese electric vehicle (EV) manufacturer founded in 2014, known for its premium electric SUVs and sedans. The company focuses on innovative technologies, including battery swapping, autonomous driving, and a holistic customer service experience.
NEWS
- NIO PARTNERS WITH A BRITISH AI SOFTWARE STARTUP FOR REAL-TIME AI BATTERY TESTING (October 1): Nio has entered into an agreement with Monolith to test and improve electric vehicle battery packs in real time, using its battery swap service in Europe. Monolith already works with 10 of the world’s top 20 automakers to test EV batteries using machine learning algorithms. (Source: Reuters)
- NIO ANNOUNCES A $470 MILLION INVESTMENT IN NIO CHINA FROM THREE STRATEGIC CHINESE INVESTORS (September 29): According to CNEV Post, the company has entered into agreements with investors in Hefei, Anhui province. The capital injection will occur in two phases: 70% by the end of November 2024 and the remaining 30% by December 2024. This funding will help Nio secure long-term strategic advantages in technology, products, services, and its user community.
- NEW SUB-BRAND OF NIO, ONVO BEGINS DELIVERIES IN CHINA (September 29): Nio has started delivering its first Onvo models in 60 cities nationwide. The first model, the L60, is a family-oriented SUV.
- NIO EXPECTS ONVO TO SELL AROUND 240,000 UNITS IN 2025 (November, 20): Nio said on its earnings call late last month that it was confident of doubling sales in 2025. In its sales forecast for next year, Nio expects the Onvo sub-brand to be around 240,000 units, according to the report.
- CITIGROUP MAINTAINS BUY RATING ON NIO (December 3): Citi maintains a Buy rating on NIO and highlights a strong sales forecast for 2025 and infrastructure expansion. NIO aims for breakeven in 2026, targeting monthly sales of 25,000 units for the NIO brand and 35,000–45,000 for ONVO.
CHINESE NEWS:
- CHINA UNVEILS A SLATE OF EASING MEASURES TO SUPPORT THE ECONOMY: As the top global consumer, China has announced economic easing measures. People's Bank of China (PBOC) will cut the reserve requirement ratio by 50 basis points before year-end, along with cuts to key lending rates. Additionally, the government plans to issue sovereign bonds worth approximately 2 trillion yuan to stimulate consumption and help local governments manage their debt.
- EVENT (WEEK DECEMBER 9 - DECEMBER 13): CHINA ANNUAL CENTRAL ECONOMIC WORK CONFERENCE. Chinese leaders will convene for up to three days. It is a closed-door conference. They will set out next year’s major policy goals and concrete tasks. It is attended by hundreds of high-ranking officials, including ministers, the central bank governor, provincial governors and executives of state-owned financial and industrial giants.
- CHINESE LEADERS ARE COMMITTED TO MAKING THE NECESSARY FISCAL MOVES TO ACHIEVE 5% ECONOMIC GROWTH: China president Xi: “We must be fully prepared to achieve next year's economic targets. We must affirm the confidence to win while doing next year's economic work. Must maintain strategic focus and actively create an external environment that is favourable. Current development faces many uncertainties and challenges and must be given high attention”
TECHNICAL ANALYSIS
GRAPH (Daily): March 2024 – December 2024
Please note that past performance does not guarantee future results
NIO: PRICE ACTION
- THE STOCK HAS TRADED AROUND 92.9% BELOW IT’S ALL-TIME HIGH of 66.99 (JANUARY 11, 2021). The stock was last trading at 4.77$ and if a full recovery follows to its all-time highs, the stock could see an upside of around 1404%. However, the price could decline further.
- ANALYSTS OPINIONS: JP Morgan forecasts: $7, US Tiger Securities forecasts $8, HSBC forecasts $7.2, Daiwa Securities forecasts $10.0, Citi forecasts $8.9
NIO, December 12, 2024
Current Price: 4.77
|
NIO |
Weekly |
|
Trend direction |
|
|
8.20 |
|
|
6.80 |
|
|
5.80 |
|
|
4.10 |
|
|
3.90 |
|
|
3.60 |
Example of calculation based on weekly trend direction for 1 Lot1
|
NIO |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
3,430.00 |
2,030.00 |
1,030.00 |
-670.00 |
-870.00 |
-1,170.00 |
|
Profit or loss in €2 |
3,259.46 |
1,929.07 |
978.79 |
-636.69 |
-826.74 |
-1,111.83 |
|
Profit or loss in £2 |
2,684.58 |
1,588.83 |
806.16 |
-524.39 |
-680.93 |
-915.73 |
|
Profit or loss in C$2 |
4,851.12 |
2,871.07 |
1,456.75 |
-947.59 |
-1,230.46 |
-1,654.75 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 07:45 (GMT) 12/12/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.