fbpx

Websim Technical Analysis, April 6, 2022: LONG NIO

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

NIO released fourth quarter 2021 earnings that missed analyst estimates. Dynamics linked to supply chain pressures throughout the year. The Shanghai-based company reported a net loss of 2.14 billion yuan (US $ 336.4 million) in the three months ended December 31. Analysts estimated a red of 1.51 billion yuan, according to Bloomberg consensus data. Revenue increased 49% from a year earlier to 9.9 billion yuan. The price of lithium has risen nearly 500% over the past year, adding cost pressures for EV makers. Chief William Li said: «We are still facing the challenges of increasing volatility in chip supplies, rising raw material costs, Covid, and the challenges in the changing international situation. 91,429 vehicles were delivered in 2021, which helped Nio achieve annual revenue of 36.1 billion yuan, in line with the projected 35.8 billion yuan. Just over 25,000 vehicles were shipped in the last quarter. Electric vehicle sales in China increased nearly 170% last year, according to data from the China Passenger Car Association. This underlines the potential of the Chinese market, which is the reference for the electric car sector. It is also important to note that the group has increased its 2022 sales forecast to more than 5.5 million, from a previous estimate of 4.8 million, in part because the tightening of the supply chain begins to loosen. which helped Nio achieve annual revenue of 36.1 billion yuan, in line with the projected 35.8 billion yuan. Just over 25,000 vehicles were shipped in the last quarter. Electric vehicle sales in China increased nearly 170% last year, according to data from the China Passenger Car Association. This underlines the potential of the Chinese market, which is the reference for the electric car sector. It is also important to note that the group has increased its 2022 sales forecast to more than 5.5 million, from a previous estimate of 4.8 million, in part because the tightening of the supply chain begins to loosen. which helped Nio achieve annual revenue of 36.1 billion yuan, in line with the projected 35.8 billion yuan. Just over 25,000 vehicles were shipped in the last quarter. Electric vehicle sales in China increased nearly 170% last year, according to data from the China Passenger Car Association. This underlines the potential of the Chinese market, which is the reference for the electric car sector. It is also important to note that the group has increased its 2022 sales forecast to more than 5.5 million, from a previous estimate of 4.8 million, in part because the tightening of the supply chain begins to loosen. 000 vehicles were shipped in the last quarter. Electric vehicle sales in China increased nearly 170% last year, according to data from the China Passenger Car Association. This underlines the potential of the Chinese market, which is the reference for the electric car sector. It is also important to note that the group has increased its 2022 sales forecast to more than 5.5 million, from a previous estimate of 4.8 million, in part because the tightening of the supply chain begins to loosen. 000 vehicles were shipped in the last quarter. Electric vehicle sales in China increased nearly 170% last year, according to data from the China Passenger Car Association. This underlines the potential of the Chinese market, which is the reference for the electric car sector. It is also important to note that the group has increased its 2022 sales forecast to more than 5.5 million, from a previous estimate of 4.8 million, in part because the tightening of the supply chain begins to loosen.

In fact, therefore, the accounts were below expectations but the guidance was raised. All this could result in a few sessions of volatility and then start up again. The more conservative could close the trade also given the presence of the weekend. For now let’s keep the long and see how it evolves.

Yesterday, NIO [NIO] closed at $22.48 (-5.7%). Today, in pre-trading, it is +0.67%. After the highs in the $70 area, the stock started a sharp decline that led it to break the 61.8% Fibonacci retracement at $26.28. The break confirmed NIO’s weakness by initiating further falls to the low of $13, with a loss from the highs of more than 80%. From $13, the stock has started a strong rebound exceeding $20.

We recommend going LONG on the stock by buying the Leverage Shares 3X NIO ETP (ISIN: XS2399365472) also listed on Borsa Italiana for a short term targets of around $26. Alert/stop loss should be below $18 (daily closing). From an investment perspective, however, we highlight the stock tracker certificates with 1x leverage (ISIN: XS2337093871).


The information provided by Websim, a division of Intermonte SIM, a company authorised by CONSOB to provide investment services and registered in the Italian SIM under no. 246, are obtained from sources deemed reliable (of which the company is not able to guarantee the absolute completeness and accuracy) and in any case, if there are doubts about their reliability, this will be clearly indicated. The main purpose of the site is to provide a set of updated and accurate information, studies and analyses in compliance with the provisions of the «recommendations» in current legislation and does not represent a «solicitation to invest» pursuant to art. 1, paragraph 1, lett. t) of Legislative Decree 58/1998.

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

Post correlati

Violeta-540x540-1.jpg
Violeta Todorova
Supply, demand disequilibrium and lower US rates could squeeze the non-precious metal
Supply, demand disequilibrium and lower US rates could squeeze the non-precious metal
Violeta-540x540-1.jpg
Boyan Girginov
Supply, demand disequilibrium and lower US rates could squeeze the non-precious metal
Supply, demand disequilibrium and lower US rates could squeeze the non-precious metal
Supply, demand disequilibrium and lower US rates could squeeze the non-precious metal
Q2 is poised for European stocks’ turnaround and rising interest in energy stocks
Q2 is poised for European stocks’ turnaround and rising interest in energy stocks
Violeta-540x540-1.jpg
Sandeep Rao
Q2 is poised for European stocks’ turnaround and rising interest in energy stocks
Q2 is poised for European stocks’ turnaround and rising interest in energy stocks
Q2 is poised for European stocks’ turnaround and rising interest in energy stocks
Escalation of the conflict in the Middle East threatens to derail the economic recovery.
Escalation of the conflict in the Middle East threatens to derail the economic recovery.
Violeta-540x540-1.jpg
Violeta Todorova
Escalation of the conflict in the Middle East threatens to derail the economic recovery.
Escalation of the conflict in the Middle East threatens to derail the economic recovery.
Escalation of the conflict in the Middle East threatens to derail the economic recovery.
What is an ETF? How does an ETF work? Key characteristics of ETFs.
What is an ETF? How does an ETF work? Key characteristics of ETFs.
Violeta-540x540-1.jpg
Boyan Girginov
What is an ETF? How does an ETF work? Key characteristics of ETFs.
What is an ETF? How does an ETF work? Key characteristics of ETFs.
What is an ETF? How does an ETF work? Key characteristics of ETFs.
Violeta-540x540-1.jpg
Pawel Uchman
A quick primer on leveraged instruments available in markets today.
A quick primer on leveraged instruments available in markets today.
Violeta-540x540-1.jpg
Sandeep Rao
A quick primer on leveraged instruments available in markets today.
A quick primer on leveraged instruments available in markets today.
A quick primer on leveraged instruments available in markets today.

Violeta Todorova

Senior Research

Violeta se unió a Leverage Shares en septiembre de 2022. Ella gestiona la realización de análisis técnicos, investigación macroeconómica y de acciones, y ofrece información valiosa que ayuda a la definición de estrategias de inversión para los clientes.

Antes de unirse a LS, Violeta trabajó en varias empresas de inversión de alto perfil en Australia, como Tollhurst y Morgans Financial, donde pasó los últimos 12 años de su carrera.

Violeta es una técnica de mercado certificada de la Asociación Australiana de Analistas Técnicos y tiene un Diploma de Postgrado en Finanzas e Inversiones Aplicadas de Kaplan Professional (FINSIA), Australia, donde fue profesora durante varios años.

Julian Manoilov

Marketing Lead
Julián se unió a Leverage Shares en 2018 como parte de la principal expansión de la compañía en Europa del Este. Él es responsable de diseñar estrategias de marketing y promover el conocimiento de la marca.

Oktay Kavrak

Head of Communications and Strategy

Oktay se incorporó en Laverage Shares a fines de 2019. Él es responsable de impulsar el crecimiento del negocio al mantener relaciones clave y desarrollar la actividad de ventas en los mercados de habla inglesa.

Él vino de UniCredit, donde fue gerente de relaciones corporativas para empresas multinacionales. Su experiencia previa es en finanzas corporativas y administración de fondos en empresas como IBM Bulgaria y DeGiro / FundShare.

Oktay tiene una licenciatura en Finanzas y Contabilidad y un certificado de posgrado en formación empresarial de Babson College. También es titular de una certificado CFA (Chartered Financial Analyst).

Sandeep Rao

Investigación

Sandeep se unió a Leverage Shares en septiembre de 2020. Está a cargo de la investigación de líneas de productos existentes y nuevas, clases de activos y estrategias, con un enfoque particular en el análisis de eventos y desarrollos recientes.

Sandeep tiene una larga experiencia en los mercados financieros. Comenzó en un hedge fund con sede en Chicago como ingeniero financiero, su carrera abarcó varios dominios y organizaciones durante un período de 8 años, desde la División de Prime Services de Barclays Capital hasta (más recientemente) el Equipo Index Research de Nasdaq.

Sandeep tiene una maestría en Finanzas, así como un MBA del Illinois Institute of Technology de Chicago.

Gold Retreats But Rally is Not Over

Copper Ready to Explode

Q2 2024 Market Outlook: Rocky Road Ahead

What is an ETF? (Exchange Traded Fund)

How Do Leverage Shares ETPs Trade in Multiple Currencies

Currency Impact

Build your own ETP Basket
Leverage Shares: Europe’s top leveraged and inverse ETP provider.
Main ETP benefits
Common investor questions

Get the Newsletter

Never miss out on important announcements. Get premium content ahead of the crowd. Enjoy exclusive insights via the newsletter only.