$NIO Is Probably DoomedI see no reason to be optimistic about this garbage stock. I still think it has a lot lower to go.
0A1K trade ideas
Bearish Alert : NIOHourly Chart
New bearish alert after a new relative high (positive price action)
Waiting for a bearish crossover maybe to test the long term downtrend-line.
$NIO Major Room For GrowthAfter receiving an investment from the Abu Dhabi government, a new expansion in the Middle East may not be out of the question for Nio Inc. (NYSE: NIO). With this in mind, such an expansion could allow NIO to become the EV leader in the Middle East region which could lead to a substantial surge in sales considering the ongoing efforts to shift to clean energy in the Middle East. Meanwhile, the NIO stock forecast is extremely bright for the future thanks to the Chinese government recently announcing tax credits for NEV purchases in 2024 and 2025. Given that NIO recently participated in the pricing war started by Tesla, Inc. (NASDAQ: TSLA), the company could see a boost in sales in the foreseeable future.
NIO Fundamentals
Abu Dhabi Investment
NIO caught investors by surprise when it announced receiving a $740 million investment from the Abu Dhabi government in exchange for a 7% stake in the company. Through this investment, NIO might regain some of the momentum it had in Q4 2022 since it has been struggling with deliveries so far this year – failing to push past the 10 thousand delivery threshold for two consecutive months.
Based on this investment, a race for EV dominance in the Middle East might start as Saudi Arabia is backing American EV manufacturer Lucid (NASDAQ: LCID) through the Public Investment Fund (PIF). Through the PIF’s support, LCID is currently constructing a plant in Saudi Arabia that would produce 150 thousand vehicles annually and provided it with a 100 thousand vehicle delivery order from the Saudi government.
Similarly, the Abu Dhabi government could provide NIO with similar help allowing it to grow in the Middle East market. With this in mind, NIO stands to have an edge over LCID in such competition due to its production capabilities. While LCID cut its production target for 2023 to 10 thousand vehicles, NIO successfully produced 100 thousand vehicles in 2022 which shows that NIO may not find it hard to further scale production to meet the potential demand in the Middle East.
In this way, NIO would be able to enter the Middle East market in mass before LCID starts production in its Saudi Arabia plant which is expected to be completed in 2025. By doing so, NIO could capture a major market share in the Middle East – establishing itself as the EV leader in the region.
The chances of such support from the Abu Dhabi government are relatively high since the UAE is planning to invest more than $160 billion in its clean and sustainable energy vision which NIO perfectly aligns with. Based on this, the UAE might do its best to promote NIO to its citizens and neighboring countries which would lead to a substantial increase in sales.
Better Deliveries Outlook
Another reason investors should be bullish on the NIO stock forecast is the company’s improved delivery outlook after participating in the EV price war led by TSLA by announcing a ¥30 thousand price cut for all of its models earlier this month. Additionally, NIO successfully launched and began deliveries of the all-new ES6 model which could drive up sales in the second half of the year due to its impressive technology and features.
While NIO remains unlikely to meet its 250 thousand delivery target for 2023 due to its slow start this year, it is likely to have a record year in deliveries as a result of the expected stronger second half of the year.
However, the main focus should be 2024 and beyond as NIO is in a prime position to capitalize on the Chinese government’s decision to exempt NEVs purchased in 2024 and 2025 from purchase tax up to ¥30 thousand – with the exemption being halved and capped at ¥15,000 for purchases made in 2026 and 2027.
The tax exemption is likely to result in increasing demand for EVs, and considering that the Chinese EV market has seen 55% growth in 2022, the Chinese market could grow even more in 2024. In this way, NIO could be well-positioned to increase its sales which could make the 250 thousand delivery target for 2023 more feasible in 2024. In light of this, the NIO stock forecast appears to be brighter than ever for the remainder of 2023 and beyond.
NIO Financials
In its Q1 2023 report, NIO’s assets increased 7.8% QoQ from ¥89 billion to ¥96 billion, and its cash and cash equivalents increased 35% QoQ from ¥14.7 billion to ¥19.9 billion. NIO’s total liabilities increased by 12.5% QoQ from ¥40 billion to ¥45 billion.
Revenue also increased 7% YoY from ¥9.9 billion to ¥10.6 billion. Operating costs increased almost 30% from ¥12 billion to ¥15.7 billion, which contributed to the operating loss increase of 142% YoY from ¥2.1 billion to ¥5.1 billion. As a result, NIO’s net loss increased 176% YoY to ¥4.7 billion.
Technical Analysis
NIO stock’s trend is neutral with the stock trading in a sideways channel between $8.79 and $9.89. Looking at the indicators, the stock is trading above the 200 and 50 MAs which are bullish indications, while trading below the 21 MA which is a bearish indication. Meanwhile, the RSI is neutral at 44 and the MACD is approaching a bullish crossover.
As for the fundamentals, NIO stock has witnessed a catalyst in the recent investment by the Abu Dhabi government which provides the company with a strong backer and a potential entry into the Middle East market. NIO also has a major upcoming catalyst in its June delivery update which will be the first full month with the new ES6 model which can result in a much needed delivery boost for the company.
NIO Forecast
NIO had a rough start to the year with declining sales, the EV price war that was happening, and its stock being down 6% YTD. But the new investment from Abu Dhabi may help change investors’ perspectives about NIO stock since it could allow the company to expand into the Middle East region. Furthermore, NIO’s deliveries may improve going forward since it launched its new ES6, cut its prices, and the Chinese government’s announcing a tax exemption for EVs in 2024 which might increase EV sales next year. All of that makes the NIO stock forecast extremely bullish for the rest of 2023 and beyond.
NIO: Buy ideaBuy idea on NIO as you on the chart because we have the breakout with force the resistance line by a big green candle.Thanks!
NIO AnalysisPrice played out nicely as analyzed last week, giving us a +21.55% move before the retracement. Price has taken liquidity above 10.03 and has show a very strong rejection at that area. I'm expecting price to make a bearish retracement from here, potentially into the bullish POI at 7.92 next.
Bullish Alert : NIOBullish alert with good price action and coming test of the ema 1d on the ema 50d.
The most recent trendline was already broken.
$NIO - Breakout From a Falling Wedge Pattern1. PATTERN: Falling Wedge
2. TRADE TRIGGER: Breakout with an above-average-sized (open to close) bullish candle and above average volume.
3. TARGET: Outlined resistance area - previous support.
4. STOP-LOSS: 1 ATR, or 1x the average candlestick size (last 14 periods) below the 10 EMA.
5. RISK TO REWARD RATIO: abt 2.90
6. POSITION SIZE / RISK MANAGEMENT:
a) No more that 1% of your total equity at risk on an single trade, therefore: (Stop Loss (set logically as per above) / Entry Point) x 100 / Total Equity < 1
b) No more than 30% of your total equity at risk at any given moment
7. IMPORTANT NOTE: Remember that drawing lines on a chart means nothing if you do not command and deploy thorough risk management principles and rules.
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Potential flag/ cup breakout impending on NIOMoC pointed out this stock and after looking at it, it has the hype of EVs with growing international stock momentum. NIO has formed my favorite cup + flag combo and has broken multi month resistance. A call setup with a 11$~ strike and July 21st ish expiration is a strong potential winner.
Teslas ninja bro - chopping before move to $13.50Tesla, Lucent, Rivian, Nio not too many new names entering the scene in the last year... Nio will boost the worst has been put in. IMO 6 month call options OTM $13 plus should be pretty safe. Lots of potential direct or indirect headline catalysts here through EV, AI, and Tesla tailwinds.
NIO (log scale)NIO is starting to move upward after forming an ending diagonal. This is likely a larger trend continuation and the wave 5 could extend to new highs.
NIO to SMA50, at 8.5NIO is a stock that is recuperation after too many weeks going down.
I think it could go to $8.5 or even $8.6.
The perfect moment to enter is right now. But I'm going to be updating.
Always using a stop loss SL, that can stay at 7.35
NIO finally set to break its awful form?Now that the bearish OB has been mitigated after a move up from the previous OB, I expect an uptrend for the coming period!
NIO: Buy ideaBuy idea on NIO as you see on the chart because we have the breakout of the vwap.Thanks!
Nio going bullish Beside nio reports with negative news it seems to have a bullish trend occurring needs to pass 9.74 to be safe 10 dollars before running to 14 then 22
NIO Rejected on 1W Order BlockWe can see a clear rejection on the 1W chart for NIO. On the 4H, NIO has just choched. Stoploss should be placed below the order block, aiming for the last top.
Falling Wedge Pattern Spotted on $NIOPotential Bullish Reversal: Falling Wedge Pattern Spotted on NYSE:NIO
Greetings, fellow traders! Today, I bring your attention to an exciting technical pattern that has emerged on the stock of NIO Inc. ( NYSE:NIO ). A falling wedge pattern is forming, indicating a potential bullish reversal on the horizon. Let's delve into the details!
📈 Ticker: NYSE:NIO
📅 Timeframe: Daily Chart
📊 Pattern: Falling Wedge
📉 Understanding the Falling Wedge Pattern:
A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. It typically occurs during a downtrend and signifies a potential reversal. This pattern suggests a decrease in selling pressure, with buyers potentially taking control and driving the price higher.
🔍 Identifying the Falling Wedge on NYSE:NIO :
Upon analyzing the daily chart of NYSE:NIO , the following observations come to light:
1️⃣ The stock has experienced a recent downtrend, with lower highs and lower lows.
2️⃣ Two converging trendlines can be drawn, with the upper trendline connecting the lower highs and the lower trendline connecting the lower lows.
3️⃣ Decreasing trading volume as the pattern unfolds, indicating a potential decline in selling pressure.
📈 Price Targets and Potential Trading Strategy:
Should the falling wedge pattern on NYSE:NIO play out as expected, a bullish breakout above the upper trendline could trigger a reversal and potential upward movement. Consider the following price targets:
1️⃣ Target 1: Resistance level near $50.00
2️⃣ Target 2: Psychological resistance near $55.00
🛡️ Risk Management:
Proper risk management is crucial when implementing any trading strategy. Employ the following risk management techniques:
1️⃣ Set a stop-loss order below the lower trendline to protect against unforeseen price fluctuations.
2️⃣ Adjust position size in accordance with your risk tolerance and overall portfolio management strategy.
🔔 Conclusion:
Keep a close eye on NIO Inc. ( NYSE:NIO ) as it continues to develop this falling wedge pattern. The formation suggests a potential bullish reversal in the near future. However, bear in mind that technical analysis has its limitations, and market conditions can swiftly change. Consider integrating this analysis with other pertinent factors before making trading decisions.
Disclaimer: This post serves for informational purposes only and should not be construed as financial advice. Always conduct your own research and consult a qualified financial professional before making investment decisions.
Happy Trading! 📈💰
#TechnicalAnalysis #FallingWedgePattern #NIO #BullishReversal #TradingView
Long THatHeads up, if it gives the little (5), i would advise buying a pullback.
Little 4 of an ending diag got destroyed. Its one of the signals that the reversal is happening, lets wait for more
-Motive wave
-Full retracement to the beggining of a diag.
NIO: Buy ideaOn NIO as you see on the chart we have the breakout with force the resistance line so it's mean that we will have a big probability to have an uptrend.Thanks!
NIOWedge break on exploding volume, in oversold conditions gapping above 50SMA. pt1 is 10% away if market gets legs watch this closely
NIO AnalysisPrice playing out nicely as analyzed last week, giving us a +14.23% move to the upside. No changes to my original expectations, expecting price to continue higher into the fair value gap at 9.45 next.
