Stronger technical forecast for Tesla stock price after Tuesday trading

The Tesla stock price gained 0.461% on the last trading day (Tuesday, 3rd Jun 2025), rising from $342.69 to $344.27. During the last trading day the stock fluctuated 3.58% from a day low at $343.12 to a day high of $355.40. The price has been going up and down for this period, and there has been a 0.69% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 million more shares were traded than the day before. In total, 97 million shares were bought and sold for approximately $33.55 billion.

On May 23, 2025, it was reported that Wedbush gave TSLA a "Outperform" grade with a "hold" action.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 42.58% during the next 3 months and, with a 90% probability hold a price between $399.76 and $529.99 at the end of this 3-month period.

The Tesla stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $350.14. On a fall, the stock will find some support from the long-term average at approximately $302.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, May 27, 2025, and so far it has fallen -5.13%. 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).

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 $12.28 between high and low, or 3.58%. For the last week, the stock has had daily average volatility of 3.83%.

Several short-term signals, along with a general good trend, are positive and 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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.