$NIO Stock Bullish Option Flow Detected on February 7 2022

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  • Reading time:5 mins read
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Bullish option flow was detected in NIO stock on February 7, 2022.

Bullish Option Flow

Nio Option Flow

NIO Inc. Provides January 2022 Delivery Update

On February 01, 2022, NIO Inc. (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market, announced its January 2022 delivery results.

NIO delivered 9,652 vehicles in January 2022, representing an increase of 33.6% year-over-year. The deliveries consisted of 1,531 ES8s, the Company’s six- or seven-seater flagship premium smart electric SUV, 5,247 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 2,874 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of January 31, 2022, cumulative deliveries of the ES8, ES6 and EC6 reached 176,722 vehicles.

In January 2022, the Company released Aspen 3.0.5 NO, exclusively developed for Norway, to users in the local market, marking its first firmware over-the-air (FOTA) update outside of China. Aspen is the smart operating system of NIO vehicles based on NIO Technology Platform 1.0 (NT1.0). As of January 31, 2022, NIO has pushed FOTA updates to its users over 1.3 million times cumulatively, releasing 199 new features and 401 enhancements.

In addition, the Company has been accelerating the deployment of its power, sales and service network. As of January 31, 2022, NIO has built 836 Power Swap stations, 3,766 Power Chargers, and 3,656 destination chargers and opened 42 NIO Houses, 341 NIO Spaces, 55 NIO Service Centers, and 180 authorized service centers across China. The infrastructure expansion serves as the solid foundation to continuously bring experiences beyond expectations to users.

Rising battery prices add uncertainty to EV costs, WSJ reports

On February 6, 2022, the WSJ ran an article that said the surging prices for the metals that make up electric-vehicle batteries had ended a decade-long decline that brought the cost of EVs to within spitting distance of gasoline-powered vehicles. With electric-vehicle sales taking off and a wave of new models hitting the market this year, the author notes that the price increases could weigh on growth. Since 2010, lithium-ion battery prices on average have tumbled 90% to about $130 per kilowatt-hour. The magic number that makes electric vehicles competitive with internal-combustion engine vehicles is roughly $100 a kilowatt-hour. The publication adds that many expected the battery industry to reach that mark in 2024, a goal that is looking increasingly elusive. Prices are now soaring for the key ingredient in batteries. Publicly traded companies in the space include Tesla (TSLA), Lucid (LCID), Nikola (NKLA), Nio (NIO), Li Auto (LI), Xpeng (XPEV), Fisker (FSK), Rivian (RIVN), and Lordstown Motors (RIDE). Source: https://www.wsj.com/articles/rising-battery-prices-add-uncertainty-to-electric-vehicle-costs-11644062402?mod=pls_whats_news_us_business_f

📺💥 NIO Released Jan 2022 Delivery Numbers | Massive Upside Potential | Earnings Report March 7, 2022 🔥🔥

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📉 NIO Stock Technical Analysis

Nio Stock

The short-term trend is negative, as is the long-term trend. NIO is currently trading in the lower part of its 52-week range. The S&P500 Index, however is trading in the upper part of its 52-week range, so NIO is lagging the market. NIO is an average performer in the Automobiles industry; it outperforms 46% of 30 stocks in the same industry.

There is a support zone ranging from 20.90 to 20.90. This zone is formed by a combination of multiple trend lines in multiple time frames.

There is resistance at 24.84 from a horizontal line in the daily time frame. There is a resistance zone ranging from 26.48 to 26.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame. There is also resistance at 36.50 from a trend line in the daily time frame. Finally, there is resistance at 37.16 from a trend line in the weekly time frame.

The technical rating of NIO is bad and it also does not present a quality setup at the moment. NIO stock has a Setup Rating of 3 out of 10. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when NIO stock consolidates and has a Setup Rating of 8 or higher.

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