TSLA Due for a pullback ?TSLA here in on a 30-minute chart. It is in a channel that has as its basis the 42 ( 7x6) EMA
with the upper and lower bands the 2.618 Fibonacci extensions of the basis value. Accordingly
when hitting the lower band, there is a high probability of reversal to trending up. Conversely,
when hitting the upper band, the price is highly probable to reverse into trending down. Here
TLSA is actually outside that Fibonacci band and getting closer to the absent 4.33 band
TSLA rose more than 5% in the last trading day. Reversion to the mean may apply.
The True Strength Index indicator shows a cross about to occur in the supply /resistance zone
a confirmation expectant for a reversal. Similarly, the Fisher transform shows the signal and
mean lines crossing and inflecting into a negative slope at the top red line. In the immediate
term history, TSLA ran up on Thursday 4/27 / Friday 4/28 hit the upper Fibonnaci band and
dropped after the weekend. I can see this as repeating
Aside from mathematics from the all-important trader psychology side of things, a large #
of traders are up on their position having made it through some downward price action
and then reaccumulation. It is now time to take full or partial profits and close some positions
In the meanwhile, short sellers can see the rise in the last trading
session as a pullback in the trend down and time being ripe to add to their position.
Other short sellers might liquidate and in doing so hold TSLA's price steady in buying to cover.
I can't see the psychology underway. I can however see the indicators and the mathematics
that is their foundation. I will take a trade of put options expiring 5/19 at a strike of
$175. I will watch for a reversal of the reversal mid to late week and upon seeing
it take a partial profit and hold the rest.
NIO
NIO REVERSES within descending parallel channelOn the 30-minute chart, I have drawn the upper (red) and lower (green) trendlines
of the descending parallel channel. While it had been riding the upper edge of
the Fibonacci/ EMA channel, it has reversed and headed toward the base EMA with
the candles green to red. The zero-lag MACD indicator lines crossed above the
histogram while the True Strength Index oscillator has had a line cross in the supply /
resistance zone for further information. I conclude it is time to close long positions
in profit and cross the aisle into short positions. I will take a put option trade for
the expirations of 5/19 @ $ 9.50 but a less risky trade would be a longer exiration
by 1-2 weeks ( while at the same time decreasing the reward potential.)
NIO SHORTstrategy short trend
NIO delivered 6,658 vehicles in April 2023, increasing by 31.2% year-over-year
NIO started the delivery ramp-up of the EC7 in late April 2023
NIO delivered 37,699 vehicles year-to-date in 2023, increasing by 22.2% year-over-year
Cumulative deliveries of NIO vehicles reached 327,255 as of April 30, 2023
SHANGHAI, China, May 01, 2023 (GLOBE NEWSWIRE via COMTEX) -- SHANGHAI, China, May 01, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its April 2023 delivery results.
NIO delivered 6,658 vehicles in April 2023, representing an increase of 31.2% year-over-year. The deliveries consisted of 1,713 premium smart electric SUVs, and 4,945 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 327,255 as of April 30, 2023.
In April 2023, the majority of deliveries were attributable to ET5 and ES7, while NIO has been upgrading its product offerings from NIO Technology 1.0 (NT1.0) to NIO Technology 2.0 (NT2.0).
In late April 2023, NIO started to steadily ramp up the production and delivery of the EC7, a five-seater smart electric flagship coupe SUV from NT2.0.
On April 18, 2023, NIO debuted the All-New ES6, a smart electric all-round SUV, at the Shanghai Auto Show. Derived from NT2.0, the All-New ES6 will bring user experiences beyond expectations in terms of design, performance, comfort, intelligence, safety, and sustainability. NIO expects to officially launch the All-New ES6 and commence deliveries in May 2023.
The All-New ES8, a smart electric flagship SUV based on NT2.0 that was launched at NIO Day 2022, is expected to commence deliveries in June 2023.
At the Shanghai Auto Show, NIO also launched the 2023 ET7, a smart electric flagship sedan based on NT2.0. The 2023 ET7 boasts more than 15 product upgrades, providing users with a more comfortable driving and riding experience, a more refined interior and a more intuitive digital experience. Deliveries of the 2023 ET7 will start in May 2023.
About NIO Inc.
NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO's mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO's product portfolio consists of the ES8, a six-seater smart electric flagship SUV, the ES7 (or the EL7), a mid-large five-seater smart electric SUV, the ES6, a five-seater all-round smart electric SUV, the EC7, a five-seater smart electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, and the ET5, a mid-size smart electric sedan.
Nio is considered a trailblazer in the Chinese premium electric vehicle market. The company designs, produces and vendors connected electric vehicles, using smart innovations in autonomous driving, artificial intelligence and connectivity.
The company introduced its first EP9 supercar in 2016. Nio aimed to deliver exceptional speeding up and innovative technology of the electric powertrain.
In 2017 the company launched its first high-volume manufactured EV model, the ES8, which is a seven-seater SUV with the body made completely from aluminum alloy. Later, in 2019, Nio started the first sales of the ES6, a 5-seater electric SUV.
Besides smart vehicles, the company offers additional services, including Power Swap, a battery swapping service, Power Home, a home charging solution, and Power Mobile, offering charging services through special trucks. The company also offers Power Express – an on-demand pick-up and drop-off charging service available 24 hours a day.
Founded in 2014, Nio is headquartered in Shanghai. Nio shares floated on the New York Stock Exchange through an $1.8bn IPO in 2018. Since then the Nio stock quote has been listed and traded on the NYSE.
Since the beginning of 2020, the Chinese electric vehicle manufacturer has positioned itself as a strong competitor for the iconic EV maker Tesla. During roughly 10 months of the year it generated an impressive 600 per cent return for investors.
The price of Nio stock showed an extraordinary performance, driven by an overall optimistic outlook for the electric vehicles industry and subsequent analysts’ price target hikes, which boosted the company’s valuation to $39bn.
Looking closely at the Nio stock price chart we can notice that a serious bull run started in June 2020 as the coronavirus pandemic accelerated a shift towards renewable energy sources.
In times when numerous countries have started favouring electric vehicles as an effective way to decrease the level of pollution, Nio has emerged as a well-grounded business capable of bringing significant profit from the world’s transformation and transition from fossil fuels to alternative sources of energy. This serves as one of the major reasons why the Nio Limited share price has seen a significant upside momentum recently.
Nio stock has skyrocketed since the end of May. Analysing the Nio stock today, we can say that in a 1-year period the NIO share value has been fluctuating within a range of $1.66 – $54.20. Providing their Nio stock predictions for the next 12 months the majority of Wall Street investors are rating the stock as a buy.
The company shared an ambitious goal to produce a total of 150,000 vehicles in 2021, which is a boost of 28,000 units per quarter. This plan can also contribute to a successful Nio stock rally once achieved.
NIO is on a bounceNIO has descended into its demand zone as shown on the 2H Chart.
It is now above the POC line of the near-term volume profile.
I will take a trade here setting a stop loss of 7.33 below the near-term high
volume area. The first target will be 7.6 which is approximately the anchored
VWAP ( thick black line ) confluent with the POC line of the intermediate
term volume profile to take half the profits. The remainder of the position
will target 8.9 which is just below the selling volume shelf at 9.0.
Tipranks has a longer term target of 14 ( see the link below)
$NIO - 3.88 PRICE TARGET - Dangerous Bearish F flag breakdown!Nio is in a dangerous zone, it recently broke down its bearish f flag. the stock has been in a downward channel with many bearish flags continuing to play out, a new leg has been created. the target now is the leg of the previous leg of the previous flag. there is also a support from 2019 which also correlated to the price target of $3.88. continue to short from here.
Pursuit of the the next Tesla..!Most people invest their money in these 3 companies, NIO, LUCID, Rivian, or all of them because they had missed the opportunity to participate in the inflationary phase of the Tesla Bubble..!
Unfortunately, now the deflationary phase of the bubble overlap, and they are coming down on the latitude mode..!
People who invested in these stocks have lost more than 2/3 of their money and it will not be back soon..!
Why?
Because these companies do not generate meaningful revenue to become interesting for big players..!
I forecast single-digit price tags for all of them in 2022, NIO could go down to 5 or below..!
Best,
Dr . Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NIO, -54.71%falling cycle -54.71% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
PSNY: DIVERGENCE / CALLS FOR MAY / US TOUR CATALYST / EV GROWTH DESCRIPTION: The following chart is an micro analysis based of technicals & current PSNY US TOUR that can soon prove to be a bullish catalyst for the next big bounce.
POINTS:
1. Deviation between Supply & Demand Pockets remains at 1.50.
2. $3.25 is CRUCIAL SUPPORT THAT MUST HOLD.
3. Break past $4.00 threshold by April 19th is necessary for bullish case to take place.
INDICATORS: In regard to indicators RSI is showing strong divergence on the 4HR Timeframe which has been indicative of a sudden bullish reaction in the past when price action has ben in a consolidating phase. An important level to watch when it comes to MACD would be -0.5 currently MACD is close to crossing over but needs to stay above to further validate play.
SCENARIO #1: In a BULLISH scenario we come to see price action break past the $4.00 threshold by at least April 19th.
SCENARIO #2: In a BEARISH scenario we lose CRUCIAL SUPPORT of $3.25 & see a continuation of bearish price action too $2.50.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
$Nio decline losing momentum - Reversal Falling WedgeTaking another stab at Nio this time by looking at the monthly chart .... According to Investopedia a Falling Wedge "occurs when a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line."
The advantage of this pattern is that it is relatively easier to set a stop loss when momentum is declining.
$NIO - BEARISH Head & Shoulder $4.97 target w/ GAP at $4.88Nio has formed a major bearish head and shoulder pattern. The neckline has also been compromised signaling further downside. Price Target is the length of the head to the neckline, thus equating to a price objective to about $5 for the first target. There is a Also a gap at the 4.88 level too.
NIO - Will Rise From Ashes 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 NIO has been overall bearish trading inside the falling wedge pattern, and it is currently diving inside a weekly demand zone 6.5 - 10.0
The bears are still in control managing to make new lower lows. But, we can clearly see that the impulse movements are getting flat and small.
This signals an early alert that the bears are exhausted. However , it doesn't mean that bulls are in control yet.
🏹 For the bulls to take over, hence have a long-term shift in momentum, we need a break above the last major high in gray.
📊 Meanwhile, until the bulls take over, NIO can still dive till the lower bound of the demand zone around 6.5
📕 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TSLA vs NIO: Buy and Sell EV's against each other v2!Okay so an update on a strategy we have been working on since well into early 2019. if you want to see the earlier chart it will be here or down below.
$1000
May 29 2019: Bought TSLA @$189.86 or 5.2 shares
a number of trades
October 26 2020: Sold NIO @$26.01 (cash $14,726) for TSLA @$420.28 or 35 Shares - total now 93.5 shares of TSLA
Current Total = 93.5 Shares of TSLA for value of $38516 or $37515 in profit
V2 starts with this refresh of the chart after a few splits.
An entire year went by until end of july 21 we started to see some slack in the market.
April 27 2022: Sold 93.5 shares TSLA @340.87 for NIO @18.28 or 1736
June 30 2022: Sold 50% of NIO 836 @22.01 for $19113 for tesla @301.76
NIO836 TSLA63
August 25 2022: Tsla split 189
September 6 2022: Missed a TSLA sell on Sept 6
October 31 2022: Tsla sell 189 @227.10 42921 Bought NIO @9.66 for 4443
total NIO 5279 shares
January 6 2023: Sold 50% NIO 2639 @9.82 25921 Bought TSLA 106.4 243 shares
February 15 2023: Sold TSLA @212.37 51735 for NIO @10.22 5062
Total 7701 Shares of NIO or $78708!
February 22 2023: didn't like what we see so we sold all NIO @10.14 $78088
50% cash 50% TSLA @$197.18 or 198 TSLA shares and $39042 in cash
TSLA vs NIO: Buy and Sell EV's against each otherWorking on a EV only portfolio strategy where you just trade Tesla for NIO stock back and forth. I backtested it with $1000 to start on May 19th 2019 (think fractional shares at first). Buy into Tesla to start (based on the chart) with 100% of the portfolio. There are some trades we could not do because we didn't have any more money to put into the stock.
We came up with a running total so far $3014 or $2014 in profit. Let me know your thoughts we charted every trade we did so far. we never got to 100% total
PSNY: CHART UPDATE / SUPPLY & DEMAND / SEMI-MICRO ANALYSIS / RSIDESCRIPTION: In the chart above I have provided a SEMI-MICRO ANALYSIS of PSNY. With previous setup being invalidated with continuation of sideways price action and continued consolidation.
POINTS:
1. Deviation of 1.50 points justifies SUPPLY & DEMAND POCKET PLACEMENT.
2. RSI has now officially reached 40 threshold signaling an entry into OVERSOLD TERRITORY.
3. MACD CONTINUES LIMITED BETWEEN 0.14 & -0.14 without major shifts.
4. Despite RSI's drop into oversold territory, MACD continues to hold squeeze momentum.
IMPORTANT: EARNINGS REPORTED ON MARCH 3 & BREAK OF 6.50 WOULD BE FIRST STEP BEFORE FURTHER UPSIDE.
SCENARIO BULLISH: In a bullish scenario it would prove crucial for price action to hold above 5.50 with an eventual break above 7 to move price action into NEW SUPPLY & DEMAND POCKET.
SCENARIO BEARISH: In a bearish scenario price action breaks 5.50 to the downside and we come to continued bearish momentum to $4.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
Stay Away And Come Back To Tesla?At crazy valuations I have to think this way. Two possible price movement with both pointing downward first. Might be good to stay away and watch the price action before blindly going all in. Especially when demand is coming down for products in the US. Thanks for the view...