Nio elliott wave 5 of ZigZag Wave 5 looks to come into the $7 - $4 area, depending on the extension of this wave 3 coming up.
NIO trade ideas
Bias more on upside NIO15th Jan 2023
Previously, Nio drop to 3 support level which I shared in Sep 2022. Congrats for those who make on this call.
After forming a real support around $9, we may see some upside on Nio.
Last support price will turn to resistance level.
First Resistance: $12
Second Resistance: $15
Break and close above $15 may hit final TP at $20.
NIO rising from its downtrend.NIO double-bottomed in late December, this past Monday, and also back in November
at the same level now drawn onto the chart in green. It is now above the POC line on
the long-term volume profile suggests it was pushed there by buying pressure
exceeding selling. Fundamentally, NIO is strong in China, TSLA lowered its price
to be competitive and maintain market share. Easing of COVID lockdowns has
helped boost production. Price has moved above the SMA 100 and SMA 300 on the
rising uptrend.
This appears to be a long trade setup.
$NIO Major Room For Growth2022 was a rough year for the EV industry as supply chain woes hampered EV manufacturers’ production. However, the industry’s outlook in 2023 appears to be bright with China relaxing its Covid lockdowns. An EV stock that could benefit from this bullish outlook is NIO Inc. (NYSE: NIO) which has been beaten down thanks to the unfortunate circumstances in 2022. Despite this, NIO continued to witness major growth in its deliveries as its EVs’ technology and capabilities are attractive to several EV enthusiasts. With upcoming launches and promising plans this year, NIO stock forecast appears to be brighter than ever. In light of this, NIO stock is one of the EV stocks to watch closely this year as it could rebound from its current multi-year lows.
NIO Fundamentals
Already a top EV manufacturer, NIO has been gaining more interest from investors recently after announcing its December deliveries. In this announcement, NIO delivered 15.8 thousand vehicles – new record high monthly delivery. In this way, NIO was able to deliver more than 40 thousand vehicles in Q4 2022 – a 60% YOY increase. Despite these promising numbers, NIO was significantly impacted by supply chain constraints resulting from the Covid outbreak in China after easing lockdowns and disruptions on delivery and registration procedures involving users. As a result, NIO had to slash its Q4 delivery expectations from 43-48 thousand to 38.5-39.5 thousand.
Considering that the restrictions and lockdowns enforced by China have affected NIO and other EV manufacturers substantially, NIO stock forecast for 2023 appears to be bullish since China has eased these lockdowns. In this way, NIO could be set for a significant increase in production which could allow NIO stock to appreciate in value with more deliveries. For this reason, NIO stock could be one of the best performing EV stocks in 2023 thanks to its vehicles’ capabilities.
On that note, NIO is currently planning to deliver 5 new vehicles based on its NIO Technology 2.0 platform while commencing the R&D of the NT3 platform in the first half of 2023. With this in mind, NIO has only shared two new EVs – EC7 and ES8 – which are set to be delivered starting May and June 2023 respectively. Through these efforts, NIO believes it could reach its milestones for 2023 and accelerate its deliveries in services in Europe. In light of these plans, NIO stock forecast appears to be bullish in 2023 and beyond considering its current PPS.
Known for its innovative technologies, NIO’s most prominent technology is its unique battery swapping technology which takes only 3 minutes to swap a fully charged battery. Another advantage of this technology is its ability to maintain the value of NIO’s EVs since the battery price represents more than 30% of the whole vehicle. In this way, NIO has a competitive advantage as its EVs would not be devalued as the battery is worn out. Based on this, NIO could be well-positioned to secure a significant share of the EV market once it ramps up production.
With the company’s deliveries growing rapidly, NIO has been actively building swap stations around the world. In 2022, NIO built 538 new stations of which 346 are located on highways. NIO is also looking to enhance swap stations and is currently working to deploy the third-generation battery swap station and 500kW ultra-fast chargers in March. The third-generation swap stations are expected to achieve more efficient vehicle-station coordination and are capable of performing up to 408 swaps per day.
Meanwhile, the 500kW ultra-fast chargers are capable of charging 400V models in 20 minutes and 800V models in 12 minutes from 10% to 80%. With this in mind, NIO has built more than 13.3 thousand charging piles – making it the automobile brand with the most charging piles in China. Despite this, NIO has plans to build more than 1700 battery swap stations and more than 20 thousand power chargers in China which could allow the company to attract more customers for its EVs. In light of this, many investors are bullish NIO stock forecast could be the brightest it has ever been as the company continues developing its technologies.
With this in mind, NIO is working to make Power Swap Pilot for Highway available in the first half of 2023. When Navigate on Pilot is enabled, NIO’s EVs can automatically plan the route for battery swap, navigate to the power swap station, complete the battery swap and automatically drive out of the service area and back to the highway. Thanks to this technology, NIO could be well-positioned to witness an influx of new purchases which could propel the company to new records in deliveries and revenues in 2023.
Although NIO is a top EV manufacturer in China, the company is looking to grow its popularity throughout the world and is currently working to penetrate the European market. In 2021, NIO launched its EVs in Norway – marking its entry into the European market – where its vehicles were well-received. Based on this, NIO has been working to expand its presence in Europe and currently offers its vehicles in Germany, the Netherlands, Denmark and Sweden. Looking to grow demand for its EVs, NIO intends to open new houses and spaces in 10 major European cities like Berlin, Frankfurt, Rotterdam, Copenhagen, and Stockholm. In this way, NIO could be poised to receive a significant boost in its revenues in 2023 – making NIO stock one of the most attractive EV stocks to watch this year.
With an aim of securing a significant share in the European EV market, NIO has been working to introduce its battery charging network in Europe. These efforts started with NIO’s deal with oil giant Shell to expand charging and battery swap stations in Europe and China. According to this deal, both companies will work in tandem to build 100 sites in China and build pilot battery swap sites in Europe. On that note, NIO intends to build 120 swap stations in Europe by the end of 2023 of which the company has successfully built 17 or 18 in 2022. However, NIO expects to build 1000 swap stations outside of China by 2025 – most of which will be in Europe. As the company continues working to introduce its EVs around the world, NIO stock appears to be bullish for 2023 and beyond.
NIO Financials
Looking into NIO’s Q3 earnings, the company reported $13.6 billion in assets including $2.5 billion in cash. At the same time, NIO has $8.9 billion in liabilities – of which only $1.7 billion are long-term debt. As for its revenues, NIO reported $1.8 billion in Q3 and had a gross profit of $243.9 million. Meanwhile, operating costs were $787.9 million – leading the company to operate at a net loss of $577.8 million. As the company’s supply chain situation could be significantly improved in 2023, NIO could be on track to deliver better results in the future.
Technical Analysis
NIO stock is currently trading at $11.81 and has supports near 10.99, 9.52, and 8.38. Meanwhile, the stock shows resistances near 12.06, 13.43, and 17. Already up nearly 23% YTD, many investors are bullish NIO stock could be one of the best EV stocks to hold this year as the company appears to be poised for significant growth in deliveries and revenues. With the stock recently breaking through its 200 MA, NIO could be set to reach the $12 which appears to be a strong resistance. With this in mind, investors could watch for retests of the 200 MA before entering a position to confirm the trend. If the stock successfully retests the 200 MA support, this could be a good entry point as NIO could be poised to rebound near $20 if it continues reporting growing deliveries in 2023.
Since the beginning of the year, accumulation is trending upwards thanks to investors bullish on NIO stock forecast for 2023. Meanwhile, the MACD recently turned bullish following a crossover. The RSI climbed from 56 to 67 indicating that NIO could be slightly overbought at the moment. Considering the company’s growth potential in 2023 thanks to its plans in Europe and its new EVs, NIO stock could be one of the best EV stocks to hold this year. NIO has an OS of 1.6 billion and a float of 1.3 billion.
NIO Forecast
As the supply chain issues appear to be on track to be resolved, NIO appears to be at the forefront of EV manufacturers to take advantage of these improvements. With the company planning to launch 5 new EVs in the first half of 2023, NIO could be well-positioned to report record deliveries again after its impressive results in 2022. With this in mind, these upcoming launches could further aid the company in its European growth efforts. Since NIO is already working on opening new houses and introducing its unique charging network in Europe, NIO stock forecast appears to be bullish for 2023. Considering the impressive technologies and capabilities of NIO’s EVs, NIO stock could be well-positioned to rebound in 2023.
$NIO 1H viewQuite interesting setup.
Also below are interesting points to consider:
1. RMB vs us dollar, approx +8% gain favor RMB
2. Most commodities are priced in US dollar, a rise in RMB is comparable to a discount in metals of -8%
3. NIO selling mostly in China benefits from the strengthen of RBM
3. Commodity prices are down on average -30% from peak levels
4. Lithium prices are down on average -20% from peak levels
5. China energy inflation much lower than Europe and US
NIO: The Most Important Support is Here! 👇• NIO is still in a long-term bear trend, however, it is doing an important reaction this week;
• It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020);
• Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level);
• However, the recent reaction might jeopardize a bearish sentiment, at least for now. It all depends on how it’ll react in the daily chart:
• Yes, NIO triggered a Bearish Flag, and as far as I know, it is just doing a pullback to the lower purple line again, before another drop;
• If NIO enters the Flag area again, and does a clear bullish structure, it’ll most likely frustrate this bearish pattern, and seek the next resistance in the weekly chart, which could be either the 21 ema or the upper trend line;
• Either way, NIO looks promising. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
NIO PENDING REVERSAL!!! (UPDATE)DESCRIPTION: In the chart above I have provided and updated micro analysis of NIO along with updates SUPPLY & DEMAND POCKETS.
POINTS:
1. NEW DEVIATION OF 10 POINTS beginning from 9.50 as it sits as major DEMAND FLOOR.
2. Descending Triangle pattern is now officially broken toward the UPSIDE.
3. 11 POINTS IS FIRST CRUCIAL SUPPORT THAT MUST HOLD EVEN IF IT MEANS A CONTINUATION OF SIDEWAYS MOVEMENT.
SCENARIO #1: Entry point for BULLISH scenario is marked at 11 POINTS where DESCENDING TRIANGLE PATTERN IS INITIALLY BROKEN.
SCENARIO #2: Entry point for BEARISH scenario is marked at 8 Points where if price is too linger any lower we will most certainly come to see 6 Points.
FULL CHART LINK:
www.tradingview.com
NYSE:NIO
Can NIO deliver a short term win?Rising RSI, Short term wedge, Safe distance between break out and major resistance line. I'll take this bet with a tight stop below the 2020 support line.
NIO: Next KEY SUPPORT/RESISTANCE levels to watch! 👀• NIO is in a short-term bear trend, but it just hit a support level, and it is reacting;
• The support at $9.53 (red line) is our key point. This is the third time NIO hit this line, and in order to resume the bear trend, it has to break it as soon as possible;
• If NIO bounces again, there’s a clear resistance level around the purple line – a trend line connecting the previous top levels;
• As long as NIO remains between these key points, the bear trend won’t continue or reverse;
• Let’s keep our eyes open for a breakout. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
NIO: Triggered our Bearish Flag! 🐻 What to expect next?• NIO triggered our Bearish Flag chart pattern, indicating a continuation of the bearish sentiment;
• We studied this scenario in our previous public analysis on NIO – link below this post;
• In the daily chart, the 21 ema is working as a resistance, and it is pointing down, which reinforces the idea of a bearish sentiment;
• What’s the next technical support level for NIO? The purple trend line in the weekly chart. Below that point, the $5.70;
• Could NIO react from here? Yes, and if it is about to react, the timing couldn’t be better. NIO is near the weekly support at $9.40 (black line, weekly chart), and any bottom sign would indicate a possible bounce to the 21 ema again. However, there's not a single bullish sign on NIO yet;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
NIO PENDING REVERSAL (UPDATE)DESCRIPTION: In the chart above I have provided a macro analysis update for my previous prediction for NIO.
POINTS:
1. Adjusted pockets for SUPPLY & DEMAND: 1ST LEVEL = $14 - $24 & 2ND LEVEL = $33 - $43.
2. SUPPLY & DEMAND POCKETS do in fact show a common deviation of 10 points of spread.
3. Current $9.50 is serving as CRITICAL SUPPORT that is broken would invalidate entire setup.
4. If we come to see a continuation of this sideways consolidation between $9.50 & $14 price action will begin to squeeze for bullish divergence.
5. More than covered gap from early July 2020.
Scenario #1: Bullish scenario can mean we see price action move into 1ST LEVEL SUPPLY & DEMAND ZONE as we invalidate bearish trend.
Scenario #2: Bearish scenario can mean we break below our critical support of $9.50 and fall to $6.00.
NYSE:NIO
Possible short term rise?Looking at the recent fall, I've found a possible trade, closing at 13 and 16.50 if the resistance was broken.
NIO 2/17 10PWait it pops to resistane level 12 to entry puts.
fundamental: EV sector will tank with tsla, a chinese ev NIO, another penny stock in the near future.
NOT only NIO, also LI, XPEV. plus china subsidy will end by the end of 2022.
technial: a bearish flag on daily chart, first target 10
market: 12/26 market close, 1/2 market close. do you think market will bounce hardly during the holiday season?
NIO - Bearish Momentum on D-ChartBearish Pattern: Ascending broadening wedge is forming. If it breaks the lower line of the wedge, then it will be the continuation of the bearish trend.
NIO: Be careful with this BEARISH FLAG!• NIO is trading around the support level of a Bearish Flag chart pattern;
• Yesterday, it tried to trigger the pattern, but in the end, it did a bullish reaction and it stabilized around the trend line;
• If NIO triggers this flag, the bear trend will resume and the technical target of this pattern is around $5;
• In order to avoid this bearish scenario, NIO has to react as soon as possible, and stays inside the Bearish Flag again. This would indicate another bounce, possibly to the $14 again;
• Either way, we’ll have our answer soon. I’ll keep you updated.
Remember to follow me to keep in touch with my daily analyses!
NIO respecting the trendline!I think we can see some mean regression in the next week. If NIO can break the resistance band at $15 we will see a rally to $20 as per deutsche banks predictions.
If not we can expect the downtrend to continue to $9.
If it reaches as low as $5-7 I will be scooping up a lot.
Good luck.
(Disclaimer : Not financial advice)
NIO AnalysisPrice broke market structure to the downside, filling the fair value gap at 11.34. Price doesn't seem to be making any change of character and I'm expecting price to take out the sell-side liquidity built a few weeks back, and potentially to mitigate the bullish POI at 7.90.
NIO still in downtrendI've had this trendline drawn for quite some time now. With China's strict covid policies still in place and econ future uncertain, i will not suggest opening a long position in NIO until it breaks this trend on volume.
Deutsche Bank says buy Nio, predicts shares can rally more than 70% as delivery volumes speed up
NIO: Just hit a SUPPORT! What to expect from here?• Since it hit our resistance at $14, NIO has been correcting. This no surprise, as this is a critical key point for the stock, as we mentioned in our previous analysis, last week (link below this post);
• Now, NIO hit a support level, the 21 ema in the daily chart;
• Any bullish reaction above the 21 ema could mean a bounce to $14 again. NIO could even break this resistance;
• Although the daily chart looks bullish, as NIO is doing higher highs/lows, the long-term sentiment is still bearish. Only if NIO breaks the $14 it’ll trigger a bullish reversal structure in the long-term – therefore, watch this line carefully;
• On the other hand, if it triggers this Bearish Flag downwards, it would just resume the long-term bear trend, and the next stop is around $5;
• Regardless of what happens, NIO has plenty of potential (to the upside and downside), but it has to break its key resistance or trigger its main bearish pattern in order to do something good. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
NIO: Waiting on the Bottom for EVsThis is not actually a bottom starting yet. NIO needs to show some up and down sideways action that holds above the low of 8.40. But it is at strong support level from its IPO sideways pattern from 2018. This is a weekly chart so you can see that long-term support, which is both fundamental and technical.
For ALL Electric Vehicle manufacturers, 2023 may possibly be that big growth year. It is important to keep an eye on all new technologies because when the Post-pandemic Renaissance really takes off, the speed at which EV dominates will probably surprise most people.
The top 3 EV companies, Top 3 Semi-conductor companies for EV, the Top 3 companies for major components like solid state batteries, the Top component manufacturers for sensors, etc. are all up for grabs. Nobody has the lead right now.
It is all about who can convert to robots and robotics faster and who incorporates solid state batteries and other component integration to meet demand. Don't worry about charging stations. Those are already being built and incorporated into gas stations everywhere, corporate offices and public transportation.
NIO AnalysisPrice is building a short term buy-side liquidity. Price is also on a short-term uptrend. I'm expecting price to continue higher, at least to mitigate the bearish POI at 16.88 before going down to take the sell-side liquidity, and to mitigate the bullish POI at 7.90.
$NIO - BEARISH Flag SetupA major bear flag is setting up, with decreasing volume and bearish divergence on the stoch rsi. Also a gap that needs to be filled at around $5
