NIO stock forecast and price prediction

NIO stock price: $61.95 6.19% At close on Jan 22nd, 2021

Updated on:
Jan 25th, 2021

1

NIO forecast brief

  • NIO stock skyrocketed 6.19% to close at $61.95 on the stock market last Friday.
  • The stock is configuring an uptrend pattern since March 2020, when it bottomed at $2.11. Up to date, the uptrend made a 2,836.02% profit since the beginning of this rally
  • Nomura and Nomura Instinet posted strong buy ratings for NIO last Friday, with an average target of $80.30
  • NIO Limited designs, manufactures, and sells electric vehicles in the People's Republic of China, Hong Kong, the United States, the United Kingdom, and Germany.

NIO stock price forecast

How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.

Along with buy or sell recommendations, financial institutions publish their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental information by the company, and many times. If you are a small trader you don't have to trade based on these projections.

Averaging all price targets exposed below, the estimated price for NIO stock is $73.12. NIO closed at $61.95 last Friday, that is a 15.28% than the target price.

NIO stock price predictions
Brokerage firmPrice target
Jan 11th, 2021
Bank of America $59.00$70.00
JPMorgan Chase & Co. $50.00$75.00
Jan 19th, 2021
Jefferies Financial Group $60.00
Jan 22nd, 2021
Nomura $80.30
Nomura Instinet $80.30

Analysts recommendations

In the last 30 days, 5 ratings were published for NIO. General sentiment is bullish, with 4 out of 5 posting positive outlooks

NIO analysts' ratings - Last 30 days
Brokerage firmRating
Jan 11th, 2021
Bank of America Strong buy
JPMorgan Chase & Co. Buy
Jan 19th, 2021
Jefferies Financial Group Neutral
Jan 22nd, 2021
Nomura Strong buy
Nomura Instinet Strong buy

Earnings and financials

Last November, NIO ($NIO) hosted the earnings event and released the report. NIO presented earnings of $-0.12 per share on sales of $666.6 million. The Wall St estimate was $-0.17 per share on revenue of $655.3 million.

Compared to the same quarter one year ago, EPS was $-2.38, so current EPS is a improvement of 94.96%. Looking at revenue, figures skyrocketed a 146.40% compared to $18.4B same quarter a year ago.

NIO ($NIO) is hosting the earnings call next March.

NIO stock: buy or sell?

Is NIO good stock to buy now?

NIO received 5 ratings in the last 30 days: 4 bullish, 0 bearish and 1 neutral.

In the current situation of NIO there is not any eligible buy setup. This doesn't mean we expect a selloff for $NIO in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Is it time to sell NIO stock?

Currently, NIO stock doesn't match any of our preferred sell setups, so if you own NIO stock and your operation is in profit probably is not time to sell now

NIO stock technical predictions

Since in March 2020, NIO has been printing an uptrend that so far marked a gorgeous 2,836.02%. During this uptrend, the price offered some entry points on the breakouts. Latest low was in early December, when price bounced at $38.43. Like in all uptrends, price needs to rest and currently price is consolidating the gains in a range between $66.99 and $38.43

SMAs overview

NIO stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $66.99 (8.14% above)
  • The current support levels are:

  • S1: $57.20 (-7.67% below)
  • S2: $38.43 (-37.97% below)
  • S3: $21.05 (-66.02% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 13, the price corrected downwards by 3.82%

    NIO stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on January 14 after just crossing to the overbough zone for 1 day (weak signal). The RSI reading last Friday was 64.88. NIO shares barely moved a 0.32% since then

    NIO stock RSI chart

    NIO stock price history

    NIO started trading priced at an adjusted price1 of $6.00 on Sep 2018. Since then, NIO stock surged by 932.50%, with an average of 466.25% per year. An investment of $1,000USD at that time would be valued $10,325.00 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    NIO stock price history chart

    Important:
    The comments published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not know the particular situations of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for education purposes only

    NIO summary

    Friday, January 22nd, 2021
    Open$58.95
    Close$61.95
    Day range$58.32 - $62.17
    Previous close$58.34
    Session gain6.19%
    Average true range$5.39
    50d mov avg$49.62
    100d mov avg$36.77
    200d mov avg$22.48
    Earnings dateMarch 17th, 2021

    Frequently asked questions

    What is NIO stock symbol?

    NIO Limited is a public company trading in the US stock market with the NIO symbol

    Will NIO go up?

    NIO had different price predictions published by market analysts in the last 30 days setting the target price to $73.12. That is a 18.03% than the current price ($61.95).