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Volatile ride for Tesla stock price on Wednesday moving between $727.20 and $809.77

StockInvest.us, 4 months ago


The Tesla stock price fell by -8.25% on the last day (Wednesday, 11th May 2022) from $800.04 to $734.00. During the day the stock fluctuated 11.35% from a day low at $727.20 to a day high of $809.77. The price has fallen in 6 of the last 10 days and is down by -16.73% for this period. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 33 million shares were bought and sold for approximately $24.07 billion.

Berenberg is very positive about TSLA and gave it a "" rating on May 10, 2022. The price target was set to 800.04+1.64.Over the last 90 days, this security got 12 buy, 2 sell, and 0 hold ratings.

Given the current short-term trend, the stock is expected to rise 8.05% during the next 3 months and, with a 90% probability hold a price between $793.09 and $1278.96 at the end of this 3-month period.


There are few to no technical positive signals at the moment. 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 $845.99 and $976.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 04, 2022, and so far it has fallen -35.92%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $82.57 between high and low, or 11.35%. For the last week, the stock has had a daily average volatility of 8.36%.

Tesla is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

The Tesla stock holds several negative signals and despite the positive trend, we believe Tesla will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Check full Tesla forecast and analysis here.