Volatile ride for Tesla stock price on Wednesday moving between $251.27 and $284.95

The Tesla stock price gained 5.33% on the last trading day (Wednesday, 2nd Apr 2025), rising from $268.46 to $282.76. During the last trading day the stock fluctuated 13.40% from a day low at $251.27 to a day high of $284.95. The price has risen in 7 of the last 10 days and is up by 19.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 62 million more shares were traded than the day before. In total, 206 million shares were bought and sold for approximately $58.19 billion.

On Mar 19, 2025, it was reported that UBS gave TSLA a "Reduce" grade with a "hold" action.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $267.51, a level that may pose a second chance to hit a runner. According to fan-theory $371.32 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

The Tesla stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $272.47 and $282.21. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, March 25, 2025, and so far it has fallen -1.87%. Further fall is indicated until a new bottom pivot has been found.

Tesla finds support from accumulated volume at $278.39 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 $33.68 between high and low, or 13.40%. For the last week, the stock has had daily average volatility of 8.16%.

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.