Big movements in Tesla stock price on Wednesday moving 22.69% between high and low

The Tesla stock price gained 22.69% on the last trading day (Wednesday, 9th Apr 2025), rising from $221.86 to $272.20. During the last trading day the stock fluctuated 22.69% from a day low at $223.89 to a day high of $274.69. The price has fallen in 6 of the last 10 days but is still up by 0.05% 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, 44 million more shares were traded than the day before. In total, 214 million shares were bought and sold for approximately $58.14 billion.

On Apr 02, 2025, it was reported that Cantor Fitzgerald gave TSLA a "Overweight" grade with a "hold" action.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $250.78, a level that may pose a second chance to hit a runner. According to fan-theory $354.13 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

The Tesla stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $255.04 and $267.10. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 25, 2025, and so far it has fallen -5.53%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $239.43 and $233.29.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 $239.43. If this is broken, then the next support from accumulated volume will be at $233.29 and $222.15.

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 $50.80 between high and low, or 22.69%. For the last week, the stock has had daily average volatility of 14.31%.

Tesla holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.