Tesla stock price up 1.84% on Wednesday

The Tesla stock price gained 1.84% on the last trading day (Wednesday, 19th Feb 2025), rising from $354.11 to $360.62. During the last trading day the stock fluctuated 3.85% from a day low at $353.74 to a day high of $367.34. The price has fallen in 7 of the last 10 days and is down by -8.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 million more shares were traded than the day before. In total, 66 million shares were bought and sold for approximately $23.98 billion.

On Feb 18, 2025, it was reported that Morgan Stanley gave TSLA a "Overweight" grade with a "hold" action.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tesla stock with a 90% probability to be traded between $326.59 and $474.47 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

A buy signal was issued from a pivot bottom point on Tuesday, February 11, 2025, and so far it has risen 9.60%. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $391.01. On a fall, the stock will find some support from the short-term average at $348.90. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 $338.59 and $336.51.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 $338.59. If this is broken, then the next support from accumulated volume will be at $336.51 and $329.04.

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 $13.61 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 4.10%.

Tesla holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.