Tesla's Stock: Technical and Fundamental Analysis and Predictions for June 21 and One Week Ahead

Technical Analysis

On June 20, 2023, Tesla, Inc. (TSLA) closed at $274.45, with a change of $13.91 (5.34%). The stock reached an intraday high of $274.75 and a low of $261.12. Tesla's 50-day moving average (MA) stands at $190.06, and its 200-day MA at $195.80. The Relative Strength Index (RSI14) is 96, which indicates an overbought position. Tesla's market capitalization is $869.87 billion, with a trading volume of 163.41 million shares – higher than the average volume of 134.62 million.

The MACD (3-month) is 24.74, reflecting positive momentum. With a price-to-earnings (PE) ratio of 79.09 and earnings per share (EPS) of $3.47, Tesla has demonstrated consistent growth.

Fundamental Analysis

Tesla's discounted cash flow (DCF) is $280.83, and analysts' consensus target price is $282.54, with a target high of $526.67 and a target low of $130. The median price target is $260.

Recent news highlights Tesla's deal with Rivian to adopt its charging standard and open access to the Supercharger network. Additionally, Ford CEO Jim Farley commented on the importance of the Tesla deal for customers. Tesla has also introduced a secret configuration that allows select drivers to use Autopilot and Full Self-Driving (FSD) without a nag to take the wheel.

Tuesday's Trading Prediction

Based on current technical and fundamental data, we predict Tesla's stock price to experience a slight decline for the following trading day (June 21, 2023) due to an overbought RSI, yet stay above its 50-day moving average. However, positive news and momentum could counterbalance this.

One-Week Prediction

Considering the technical indicators, positive news, and analysts' target prices, Tesla's stock price is expected to trend upward over the upcoming week, maintaining above its 50-day moving average and possibly reaching $290.

Final Evaluation

Taking into account the recent news, technical and fundamental indicators, and analysts' opinions, we categorize Tesla's stock as a Buy. The stock demonstrates strong potential for growth and value, supported by recent deals, technological advancements, and customer-centric strategies. However, keep in mind the impact of market conditions, news developments, and broader economic factors on the stock's performance.