Tesla stock upgraded to Sell Candidate.

The Tesla stock price gained 2.07% on the last trading day (Wednesday, 26th Jan 2022), rising from $918.40 to $937.41. During the day the stock fluctuated 9.02% from a day low at $906.00 to a day high of $987.69. The price has fallen in 6 of the last 10 days and is down by -11.93% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 33 million shares were bought and sold for approximately $30.58 billion.

On Jan 18, 2022 "Credit Suisse Group" gave "$830.00 - $1,025.00" rating for TSLA. The price target was changed from $1,023.86 to 2.5%.

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 -10.42% during the next 3 months and, with a 90% probability hold a price between $757.24 and $1043.45 at the end of this 3-month period.

A buy signal was issued from a pivot bottom point on Tuesday, January 25, 2022, and so far it has risen 2.07%. 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 $964.59 and $1022.95. 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 $932.57 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 $81.69 between high and low, or 9.02%. For the last week, the stock has had a daily average volatility of 7.12%.

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.