Strong day for Tesla stock price on Wednesday rising 7.59% to $248.09

The Tesla stock price gained 7.59% on the last trading day (Wednesday, 12th Mar 2025), rising from $230.58 to $248.09. During the last trading day the stock fluctuated 4.45% from a day low at $241.10 to a day high of $251.83. The price has fallen in 6 of the last 10 days and is down by -14.69% for this period. Volume fell on the last day by -30 million shares and in total, 140 million shares were bought and sold for approximately $34.68 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.

On Mar 11, 2025, it was reported that GLJ Research gave TSLA a "Buy" grade with a "hold" action.

The stock lies in the middle of a very 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 -38.22% during the next 3 months and, with a 90% probability hold a price between $133.11 and $194.07 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.

A buy signal was issued from a pivot bottom point on Monday, March 10, 2025, and so far it has risen 11.68%. Further rise is indicated until a new top pivot has been found. 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 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 $253.99 and $337.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $230.58 and $222.15.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $222.15 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $10.73 between high and low, or 4.45%. For the last week, the stock has had daily average volatility of 7.86%.

Tesla is oversold on RSI14 (23). 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.