NIO stock forecast and price prediction
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.
| Brokerage firm | Price 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 | $80.30 |
Analysts recommendations
In the last 30 days, 5 ratings were published for NIO. General sentiment is bullish, with 4 out of 5 posting positive outlooks
| Brokerage firm | Rating |
|---|---|
| Jan 11th, 2021 | |
| Bank of America | |
| JPMorgan Chase & Co. | Buy |
| Jan 19th, 2021 | |
| Jefferies Financial Group | Neutral |
| Jan 22nd, 2021 | |
| Nomura | |
| Nomura Instinet | |
Earnings and financials
Last November, NIO ($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
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 13, the price corrected downwards by 3.82%
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 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
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 onlyNIO summary
| Friday, January 22nd, 2021 | |
|---|---|
| Open | $58.95 |
| Close | $61.95 |
| Day range | $58.32 - $62.17 |
| Previous close | $58.34 |
| Session gain | 6.19% |
| Average true range | $5.39 |
| 50d mov avg | $49.62 |
| 100d mov avg | $36.77 |
| 200d mov avg | $22.48 |
| Earnings date | March 17th, 2021 |