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The Tesla stock price gained 6.94% on the last trading day (Tuesday, 27th May 2025), rising from $339.34 to $362.89. During the last trading day the stock fluctuated 4.74% from a day low at $347.32 to a day high of $363.79. The price has risen in 6 of the last 10 days and is up by 13.98% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 million more shares were traded than the day before. In total, 118 million shares were bought and sold for approximately $42.81 billion.
On May 23, 2025, it was reported that Wedbush gave TSLA a "Outperform" grade with a "hold" action.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $348.82, a level that may pose a second chance to hit a runner. According to fan-theory $434.86 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Mostly positive signals in the chart today. The Tesla stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $344.79 and $288.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 21, 2025, and so far it has risen 59.51%. 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 is rising along with the price. This is considered to be a good technical signal.
On the downside, the stock finds support just below today's level from accumulated volume at $284.95 and $282.76.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tesla finds support just below today's level at $284.95. If this is broken, then the next support from accumulated volume will be at $282.76 and $272.20.
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 $16.47 between high and low, or 4.74%. For the last week, the stock has had daily average volatility of 4.19%.
The Tesla stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Tesla stock to perform well in the short-term period.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Check full Tesla forecast and analysis here.