RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TSLA
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Tesla stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Tesla stock price gained 1.22% on the last trading day (Wednesday, 27th Mar 2024), rising from $177.67 to $179.83. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.35% from a day low at $176.01 to a day high of $181.91. The price has risen in 6 of the last 10 days and is up by 6.11% over the past 2 weeks. Volume fell on the last day by -31 million shares and in total, 81 million shares were bought and sold for approximately $14.54 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -26.26% during the next 3 months and, with a 90% probability hold a price between $112.60 and $137.67 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TSLA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 10.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tesla stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $184.58. On a fall, the stock will find some support from the short-term average at $174.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Tesla stock

Tesla finds support from accumulated volume at $177.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.90 between high and low, or 3.35%. For the last week, the stock has had daily average volatility of 3.55%.

Our recommended stop-loss: $173.57 (-3.48%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (TSLA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Tesla Inc. to open at $179.25, and during the day (based on 14 day Average True Range), to move between $172.05 and $187.61, which gives a possible trading interval of +/-$7.78 (+/-4.33%) up or down from last closing price. If Tesla Inc. takes out the full calculated possible swing range there will be an estimated 8.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $181.06 (0.68%) than the support at $177.67 (1.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Tesla Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.036 Buy Candidate Upgraded

Predicted Opening Price for Tesla Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$179.25 ( 0.323%) $179.83

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TSLA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 185.15 2.96 %
R2 182.90 1.71 %
R1 181.50 0.93 %
Current price: 179.83
Support S1 177.00 -1.58 %
S2 175.60 -2.35 %
S3 173.35 -3.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 188.14 4.62 %
R2 182.63 1.56 %
R1 181.06 0.684 %
Current price 179.83
Support S1 177.67 -1.20%
S2 173.80 -3.35%
S3 162.50 -9.64%

FAQ

What is the symbol for Tesla Stock and on which exchange is it traded?
The symbol for Tesla is TSLA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Tesla Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Tesla Stock?
Tesla Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tesla Stock.

What's the current price of Tesla Stock?
As of the end of day on the 2024-03-27, the price of an Tesla (TSLA) share was $179.83.

What is the 52-week high and low for Tesla Stock?
The 52-week high for Tesla Stock is $299.29 and the 52-week low is $152.37.

What is the market capitalization of Tesla Stock?
As of the 2024-03-27, the market capitalization of Tesla is 565.842B.

When is the next earnings date for Tesla?
The upcoming earnings date for Tesla is Apr 17, 2024.
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About Tesla Inc.

Tesla Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network... TSLA Profile

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