NIO swing trade opportunity at $45

Summary
NIO (Nio Inc) is has short-term upside potential and is a good swing trade buy.

Downside

• Not a "boomer" stock, company history is short and NIO does not pay dividends
  
• Still trading above its 200-day simple moving average and likely not heavily undervalued
  
• Chinese electric vehicle market is competitive and includes better-known names like Tesla
  
• $863M operating loss in 2020*
  

*all asterisk details based on unaudited Q4 and 2020 investor relations release on Mar-1, 2021.

Upside

• TipRanks median price target is >$58, which is about 27% higher than last closing price on Fri Mar-12, 2021
  
• $2.5B USD (converted) in 2020 revenue with projected 10% revenue increase from Q4 2020 to Q1 2021*
  
• Operating loss cut in half compared to 2019, likelihood of profitability very reasonable in the next few years
  

*all asterisk details based on unaudited Q4 and 2020 investor relations release on Mar-1, 2021.

Technical Indicators

• RSI at 50 or below since sell-off mid-Feb 2021
  
• MACD histogram crossed from negative to about zero today as price finds support in $44 to $45 range
  
• Difference between current price (about $45) and TipRanks target is almost +30%
  

Conclusion
NIO is a long swing trade opportunity with a conservative price target of $58.