NIO stock forecast and price prediction
Apr 22nd, 2021
NIO forecast brief
- Counting on Wednesday, it's been 4 consecutive sessions in green for NIO. Price closed on Wednesday at $38.90 after exploding a 5.33%.
- NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in Mainland China, Hong Kong, the United States, the United Kingdom, and Germany.
NIO stock price forecast
Nobody can predict how much a stock will be priced tomorrow. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by brokerage institutions in the last month. If you are a small trader you should not buy or sell based on these projections.
We don't have any target price published in the previous 30 days for NIO.
We don't have any rating posted in the last 30 days for NIO
Earnings and financials
In early March, NIO Limited ($NIO) reported adjusted EPS for that grossly lowered Market expectations. Quarterly EPS was $-0.14 per share compared to the forecasted $-0.07. This Q4 report represents an earnings surprise of -100.00%. On the contrary, reported sales were $1.0 billion, consistent with the market estimates.For comparison, the EPS for the same quarter last year was $-2.73, so posted EPS means a improvement of 94.87%. Revenue exploded a 133.16% on an annualized basis in the , from $28.5B to $66.4B last quarter.
NIO ($NIO) is hosting the earnings call late next May. Market expects of $-0.15, compared to previous quarter that was $-0.14.
NIO stock: buy or sell?
Is NIO good stock to buy now?NIO had no ratings in the last 4 weeks Read the article to get additional tips on trading NIO stock.
Currently, NIO stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $NIO will slide in coming sessions, or it will 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 hold NIO stock and your operation is in profit probably is not time to sell now
NIO stock technical predictions
Supports and resistances
The current resistance levels are:
The current supports are:
Relative strength index
The RSI broke out the oversold level of 30 in early March after just being in the oversold zone for 1 day (what can be considered a strength signal). The RSI reading on Wednesday was 48.33. NIO stock skyrocketed a 10.48% since that level was surpassed
NIO stock price history
NIO IPO was on Sep 12th, 2018 priced at $6.00 per share1. Since then, NIO stock surged by 548.33%, with an average of 274.17% per year. An investment of thousand dollars at that time would be valued $6,483.33 today.
1: Adjusted price after possible price splits or reverse-splits
Important note:The thoughts contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the individual situations of the reader, his or her finances 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 Viewpoints are expressed for educative reasons only
|Wednesday, April 21st, 2021|
|Day range||$36.16 - $38.96|
|Average true range||$2.46|
|50d mov avg||$43.93|
|100d mov avg||$48.10|
|200d mov avg||$35.34|
|Earnings date||May 27th, 2021|