Score 7.4 (out of 10): NIO INC – ADR sets up for +68.4 rally in 3 months

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What’s Going On Here?

NIO, the next generation smart electric vehicles company, has unveiled its second electric Sedan to rival Tesla Model 3. With a starting price of US$51,450 before government subsidies, the car is designed to drive 342 miles on a single charge.

Why Now?

NIO INC – ADR has triggered a new high volatility signal (1 month). During similar occasions, NIO INC – ADR shares had a median return of +68.4%, over the following 3 months – based on 3 historical occasions with 2 of those showing positive returns (67%). This buy signal for NIO INC – ADR received a high score of 7.4 (out of 10). This insight was generated on 2021-December-30 with last price of 32.42.

What’s This Company About?

NIO INC – ADR is in the Auto-Cars/Light Trucks business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 83.4% more (average). Ticker symbol: NIO US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 54.61 (+68.4%) has been reached. Based on NIO INC – ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 26.42 (last price at 32.42), which is equivalent to a -18.5% decline.

Historical Chart:

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Summary:

NameNIO INC – ADR
ViewUp
Star (1 to 10)7.4
Target+68.4%
Time3 months
Hit Rate67%

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