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Tesla stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.

StockInvest.us, 4 months ago


The Tesla stock price gained 4.88% on the last trading day (Wednesday, 25th May 2022), rising from $628.16 to $658.80. During the day the stock fluctuated 7.43% from a day low at $623.01 to a day high of $669.32. The price has fallen in 6 of the last 10 days and is down by -10.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 31 million shares were bought and sold for approximately $20.19 billion.

The last rating was given by Daiwa Capital on May 24, 2022. The price target was changed from 628.16 to 6.93.Over the last 90 days, this security got 11 buy, 5 sell, and 1 hold ratings.

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 $625.49 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -13.44% during the next 3 months and, with a 90% probability hold a price between $541.42 and $908.30 at the end of this 3-month period.


A buy signal was issued from a pivot bottom point on Tuesday, May 24, 2022, and so far it has risen 4.88%. 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 $686.66 and $870.85. 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 $628.16 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 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 $46.31 between high and low, or 7.43%. For the last week, the stock has had a daily average volatility of 7.82%.

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.

Check full Tesla forecast and analysis here.