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NIO Inc.

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NIO trade ideas

NIO breakout from descending wedge NIO is shown on a 4H chart. It has been downtrending for 3 months. Howver, April and May has high relative volume trying to reach the capitulation of a bottom. Thursday May 4th marked a near term bottom. NIO is now rising and breaking out of a falling wedge drawn onto the chart. It has crossed over the POC line of the volume profile ( This is the price level of the highest volume of trading). Price is impending a mean anchored VWAP. Relative strength has spiked. With this confluence of bullish signals, I have taken a long position which has appreciated 4.6% in the first half of the trading day having opened the position in the pre- market. I will now take a trade of call options striking $ 7.00 DTE 7/21. The rising dollar strength has confounded TSLA's sales in China and the Nordic countries. NIO is on the ready to pick up the slack.
NYSE:NIOLong
by AwesomeAvani
NIO: Trading in a Dangerous Area; Watch Out For These Key Points• NIO is trying to reverse the trend on the 1h chart, as now it is above the 21 ema, which is ascending; • What’s more, NIO just filled one of its gaps at $8.29, but it seems this area is acting as a resistance now; • The problem is that we don’t see a clear bullish structure, like a higher high/low yet. This gives the impression that this was just a short-term rally, not a real bullish reversal; • To make things worse, NIO is on the verge of losing its previous support line at $8.03, and this could completely frustrate this rally; • Therefore, NIO must close above this key point today, in order to avoid a bearish continuation; • On the other hand, it seems that the $8.29 is our key resistance, and only by breaking it, NIO would actually turn bullish again. In this case, it could fill all the previous gaps and hit the $9.47 again. • On the daily chart we see that the 21 ema acted as a resistance, and NIO failed in breaking it. This 21 ema is at $8.33 right now, close to the $8.29 seen in the 1h chart, making this area a dual-resistance level; • Therefore, it is crucial for NIO to break this resistance as soon as possible, in order to trigger a meaningful bullish pattern. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NYSE:NIO
by Nathan_The_Finance_Hydra
2
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.)
NYSE:NIOShort
by AwesomeAvani
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.
NShort
by DaveBrascoFX
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)
NYSE:NIOLong
by AwesomeAvani