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The Tesla stock price fell by -3.04% on the last day (Thursday, 27th Feb 2025) from $290.80 to $281.95. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 5.81% from a day low at $280.91 to a day high of $297.23. The price has fallen in 8 of the last 10 days and is down by -16.21% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 101 million shares were bought and sold for approximately $28.46 billion.
On Feb 18, 2025, it was reported that Morgan Stanley gave TSLA a "Overweight" grade with a "hold" action.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $266.97 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -15.77% during the next 3 months and, with a 90% probability hold a price between $224.87 and $351.72 at the end of this 3-month period.
There are few to no technical positive signals at the moment. The Tesla stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $322.68 and $375.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, December 17, 2024, and so far it has fallen -41.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $16.32 between high and low, or 5.81%. For the last week, the stock has had daily average volatility of 6.97%.
Tesla is oversold on RSI14 (21). Some stock may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Tesla holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Check full Tesla forecast and analysis here.