{"id":48874,"date":"2026-04-22T11:35:06","date_gmt":"2026-04-22T11:35:06","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/04\/22\/nio-stock-just-flagged-a-mega-bullish-pattern-pointing-to-a-70-surge\/"},"modified":"2026-04-22T11:35:06","modified_gmt":"2026-04-22T11:35:06","slug":"nio-stock-just-flagged-a-mega-bullish-pattern-pointing-to-a-70-surge","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/04\/22\/nio-stock-just-flagged-a-mega-bullish-pattern-pointing-to-a-70-surge\/","title":{"rendered":"Nio stock just flagged a mega bullish pattern pointing to a 70% surge"},"content":{"rendered":"
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Nio stock price has pulled back in the past two days as investors booked profits after the recent surge that pushed it from a low of $4.3 in February to a high of $7. This retreat may be a good entry point as the stock has formed a highly bullish chart pattern.<\/p>\n

Nio stock price is forming a cup and handle pattern <\/h2>\n

The daily chart shows that the Nio share price bottomed at $4.37 in February as investors remained concerned about its dilution.<\/p>\n

It then started a slow comeback that accelerated after it released its financial results, which showed that it made a profit in the fourth quarter.<\/p>\n

A closer look at this chart shows that the stock formed a golden cross as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other. A golden cross normally confirms a bullish breakout as it sends a signal that the short-term momentum is gaining steam.<\/p>\n

Most importantly, the stock is slowly forming a cup-and-handle pattern<\/a> whose upper side is at $8, and the lower side is at $4.36. The profit target in a C&H pattern is estimated by subtracting the lower side from the upper side. In this case, the difference is $3.65.<\/p>\n

Adding this amount to the cup\u2019s upper side brings the target to $11.65. A surge to that level is 70% from the current level. On the flip side, a move below the key support level at $5 will invalidate the bullish outlook.<\/p>\n

<\/figure>\n

Nio stock chart | Source: TradingView <\/em><\/p>\n

Nio\u2019s business is firing on all cylinders <\/h2>\n

Fundamentally, Nio\u2019s business is tiring on all cylinders, even as the EV business faces major headwinds and some of the top companies slow.<\/p>\n

Tesla, the most popular EV company, recently published weak delivery numbers, with the gap between production and deliveries soaring to 50k.<\/p>\n

Similarly, BYD, the biggest EV company in China, also reported weak numbers, confirming that its business was slowing. Other top EV companies like Li Auto and XPeng are also struggling.<\/p>\n

On the other hand, Nio\u2019s vehicle deliveries have surged in the past few months. Its recent numbers showed that its vehicle deliveries soared by 136% to 34,486 in March, bringing the quarterly figure to 83,465. The company has now delivered over 1.081 million since its inception.<\/p>\n

The company\u2019s revenue jumped by 75%<\/a> in the fourth quarter to over $4.95 billion, making it one of the fastest-growing companies in the industry. Its gross profit rose by 163%, while the net profit rose to $40 million. It was the first time that the company published a quarter profit. <\/p>\n

Nio also ended the last quarter with a good balance sheet with over $6.6 billion in cash and short-term investments. This growth is expected to accelerate after the recent launch of the ES9 vehicle. Its ONVO L90 has also continued doing well, becoming the best-selling large BEV SUV last year.<\/p>\n

Nio\u2019s management believes that the company has more room to grow this year, helped by its investments across multiple brands and the potential for international growth. <\/p>\n

For example, the company may target the Canadian market, where tariffs for Chinese EVs dropped from 100% to 6%. It is also aiming to gain share in other countries, including in Europe, Latin America, and Southeast Asia.<\/p>\n

The post Nio stock just flagged a mega bullish pattern pointing to a 70% surge<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Nio stock price has pulled back in the past two days as investors booked profits after the recent surge that pushed it from a low of $4.3 in February to a high of $7. This retreat may be a good entry point as the stock has formed a highly bullish chart pattern. Nio stock price <\/p>\n","protected":false},"author":1,"featured_media":48875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-48874","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48874"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48875"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}