A High-Risk, High-Reward Bet in the EV – Is Now the Time to Buy?The stock has experienced a significant downtrend, declining approximately 47% in 2024.
Momentum in the China theme could be beneficial for this stock as the RSI is making higher highs with stock prices making lower highs; it can shoot up anytime as per the current setup.
NIOD trade ideas
FintechZoom NIO Stock Analysis. August 2024.The current price of NIO stock has dropped below $4, a significant decline from its trading range of around $9 earlier this year, representing a decrease of approximately 55.56%. This sharp drop highlights the substantial downturn in the stock’s value.
The price action is forming a long-term descending channel, indicating that bears are firmly in control of the market. NIO's stock performance is lagging behind broader stock market indices, underscoring its relative weakness.
Bulls attempted to reverse the trend in early May, spurred by the news of strong delivery numbers for April, which temporarily boosted investor sentiment. However, this attempt failed to sustain momentum.
Significant sell-offs on May 15th and June 6th followed the earnings report, which revealed lower-than-expected revenue and deliveries, signaling that bears were regaining control.
Since then, the $5 level has become a formidable resistance point. The price action in May demonstrated a classic Wyckoff distribution phase, where smart money gradually exited positions, preparing for further declines.
The blue fan lines represent the weakening echoes of demand from the positive news on May 1st. While they offer a glimmer of hope for the bulls, these support levels have been consistently breached, showing their diminishing influence.
On August 1st, NIO's stock price fell on increasing volumes, a clear sign of effective selling pressure. I expect any attempts by the bulls to reverse the trend to face resistance at this level. It's possible we might witness a false rally followed by a drop to the year's lows. The psychological $3 level, which aligns with the lower boundary of the long-term descending channel, may act as a price magnet.
Forecasts
Analysts' forecasts for NIO stock are mixed. Some see a potential recovery if the company can improve its delivery numbers and profit margins. However, others are bearish, predicting the stock could fall further if market conditions remain unfavorable. The consensus target price for NIO in the near term varies, with some estimates as low as $3 and others suggesting a potential rebound to $6-7, depending on future earnings reports and macroeconomic factors.
pullback is expected to emmplete soon in NIOThis is an elliott wave analysis.
A reasonable pullback had occurred.
we can start accumulate from here.
we can average further if it goes around $8 - $9.
With low risk and high reward.
i'm not a semi registered advisor.
I'm sharing my personal view.
Kindly post me comments if you people have any queries.
Your doubt will be cleared accordingly.
#elliottwave #NYSE , #sharemarket , #Nasdaq , # technical analysis
Could this be a potential trading opportunity for NIO?Hello Traders
Hope you are doing FANTASTIC
I am writing this idea to share my personal trading strategy for NYSE:NIO that has the potential to generate a 10% return within a day or two, depending on market conditions.
Analysis:
As you can see, NIO has been in a consistent downtrend in the month of August. This is due to the primary markets, such as QQQ, SPY, and DJI, consolidating and making lower lows. This downtrend is supported by the moving averages (MAs), which show that the 50MA is above the 9MA. The perfect downtrend of NIO in the 1H timeframe is merely a higher low on the weekly timeframe, which indicates that it is in an uptrend.
Strategy:
Based on my analysis, I am looking to short NIO at approximately $10.73 and hold until $9.61 for a 10.43% ROI. I am choosing to enter a short position for two reasons:
1) The downtrend has not yet been broken (the upper trend line has not been breached) and the price is continuing to go down even for the primary markets.
2) The 50MA is holding strong above the 9MA, which indicates that the downtrend is strong and there are no signs of a potential reversal.
This is my take on the NIO stock. I would be happy to hear your thoughts and ideas.
Thanks
NIO Trading Plan - 05/May/2022Hello Traders,
Hope you all are doing good!!
I expect this stock to shoot up anytime from this price level.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
NIO Investment Plan - 21/Mar/2022Hello Traders,
Hope you all are doing good!!
I expect this stock to shoot up from around 15-16 price level after completing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Sunday Prep 9/12 - $NIO Really Struggling With 20D SMANIO is really struggling with the 20d. I feel like if this loses Thursday’s lows, I want to be shorting all pops afterwards. I would also look to possibly fade an opening push into the 38.60 area. You can see that was a pretty big level on Friday and you’ll have the 20d just above you as well.
<< Long term target for NIO >>Daily logarythmic chart: We're in a large WXY structure and in process to complete Y with another (WXY). (W) hit perfectly our most likely target at the .618 fib extension and we completed (X) as a corrective move. To finish the structure our target for Y is the 100% extension of W at $146 USD.
Four reasons to BUY NIO!!!
NIO completed a WXY correction. Y hit perfectly the 100% Fib extension of W which is the most likely target. In addition we hit the 50% Fib retracement of the whole move and channel resistance. We're at a massive support!! MACD is about to crossover. Targets are $74.30 and $92 the 61.8 and 100% fib extension of the whole move.
NIO on the road to a new ATHchannel drown in January, fib in October 2019... With the heavy demand in a new Tesla, NIO could be up for a gold rush if they manage record numbers in June (once again after May).
I consider NIO as the only real competitor to Tesla and take them more seriously since they have refocused their strategy last year.
Bonus: Opposite of that scam that is Nikola (NKLA)