Stronger technical forecast for Tesla stock price after Friday trading

The Tesla stock price gained 3.91% on the last trading day (Friday, 28th Feb 2025), rising from $281.95 to $292.98. During the last trading day the stock fluctuated 7.30% from a day low at $273.60 to a day high of $293.58. The price has fallen in 8 of the last 10 days and is down by -17.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 115 million shares were bought and sold for approximately $33.75 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 $280.53 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -17.09% during the next 3 months and, with a 90% probability hold a price between $232.59 and $341.52 at the end of this 3-month period.

A buy signal was issued from a pivot bottom point on Thursday, February 27, 2025, and so far it has risen 3.91%. Further rise is indicated until a new top pivot has been found. 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. 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 $313.01 and $372.24. 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).

Tesla finds support from accumulated volume at $290.80 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 $19.98 between high and low, or 7.30%. For the last week, the stock has had daily average volatility of 7.20%.

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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.