NIO stock forecast and price prediction
Jul 29th, 2021
NIO forecast brief
- NIO closed on Wednesday at $41.84 after exploding a 6.30% breaking a streak of 4 sessions in red.
- Price is drawing a scaled uptrend since last May with higher tops and higher bottoms. Up to date, the uptrend marked a 36.24% profit since the beginning of this rally
- NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. The company offers five, six, and seven-seater electric SUVs, as well as smart electric sedans.
NIO stock price forecast
Nobody knows how much a stock will be priced tomorrow. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental information by the company, and many times. If you are a small trader you don't have to trade based on these predictions.
We don't have any target price published in the previous 30 days for NIO.
We don't have any rating posted in the last 30 days for NIO
Earnings and financials
NIO Limited ($NIO) posted earnings of $-0.04 per share last April, strongly surpassing the Wall St consensus estimate of $-0.16 per share. This Q1 report means an earnings surprise of 75.00%. Estimated turnover for this quarter was $1.0 billion but NIO highly beat by 19.41%, reporting $1.2 billion.Same quarter one year ago, reported EPS was $-1.66, so recently reported EPS means an increase of 97.59%. Sales skyrocketed a 481.82% on an annualized basis in the , from $13.7B to $79.8B last quarter.
NIO ($NIO) is hosting the Q2 earnings call next Tuesday.
NIO stock: buy or sell?
Is NIO good stock to buy now?NIO had no ratings in the last four weeks Read the article to get additional tips on trading NIO stock.
Currently, NIO stock matches one trading strategy:
Uptrend buy setup
NIO stock continues to trend higher since last May and marked a gorgeous 36.24% gain. Price marked a local bottom in this uptrend at $38.66 on Tuesday, and since then it bounced up a 8.23%. Breaking out over $55.13 - it's last top - will be a good entry point if NIO resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $49.62
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$55.13||$49.62||10.00%|
Should I sell NIO?
Currently, NIO stock doesn't match any of our preferred sell setups, so if you hold NIO shares and your operation is in profit probably is not time to sell now
Price lost SMA50 level
NIO shares were above the 50-d moving average for a month and during this time gained 14.60%. Nevertheless that upward trend may have come to an end, or show evidences of running out, since the price fell below the sma50 threshold last Monday. For medium-term investors who have profited from the gains during the period the price was over the average, this flag should be a heads up and a reason to sell the shares and cash in on their gains
NIO stock price action predictions
Since last May, NIO has been drawing an uptrend that so far marked an amazing 36.24%. The price line shows higher peaks and troughs, and along the way provided very few buy points for those who wanted to invest. Latest pullback was on Tuesday, when price bounced at $38.66. Now, the price trades in a consolidation between its last top ($55.13) and its last bottom ($38.66)
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band on Tuesday, the price bounced off by 8.23%
Relative strength index
The RSI dropped below the overbought level of 70 last Thursday after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 43.6. NIO shares tanked a 21.35% since then
NIO stock price history
NIO went public on Sep 12th, 2018 at $6.00 per share1. Since then, NIO stock surged by 597.33%, with an average of 298.67% per year. If you had invested $1,000USD in NIO stock at that time, it would be valued $6,973.33 today.
1: Adjusted price after possible price splits or reverse-splits
Disclaimer:The viewpoints written in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have an understanding of the particular positions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for educative reasons only
|Wednesday, July 28th, 2021|
|Day range||$39.79 - $42|
|Average true range||$3.13|
|50d mov avg||$43.57|
|100d mov avg||$41.16|
|200d mov avg||$44.10|
|Earnings date||August 10th, 2021|