$194.38 (0.248%)

Volume: 64.472M

Closed: Dec 02, 2022

Hollow Logo Score: -1.694

Tesla Stock Forecast

$194.38 (0.248%)

Volume: 64.472M

Closed: Dec 02, 2022

Score Hollow Logo -1.694
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ]
Last Reaction
Last Reaction
JS
JS
2 days ago
JS 2 days ago
Strong market today :)

Tesla stock price ended on $194.38 on Friday after gaining 0.248%
(Updated on Dec 02, 2022)


Sell candidate since 2022-12-01 Gain 0.25% PDF

The Tesla stock price gained 0.248% on the last trading day (Friday, 2nd Dec 2022), rising from $193.90 to $194.38. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.69% from a day low at $191.11 to a day high of $196.25. The price has been going up and down for this period, and there has been a 7.26% gain for the last 2 weeks. Volume fell on the last day by -8 million shares and in total, 64 million shares were bought and sold for approximately $12.53 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $195.48 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -40.86% during the next 3 months and, with a 90% probability hold a price between $89.07 and $115.60 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

TSLA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, November 21, 2022, and so far it has risen 15.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tesla stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $200.70. On a fall, the stock will find some support from the short-term average at $186.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

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Support, Risk & Stop-loss for Tesla stock

Tesla finds support from accumulated volume at $191.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.14 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 4.32%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TSLA) For The Upcoming Trading Day Of Monday 5th

For the upcoming trading day on Monday, 5th we expect Tesla Inc. to open at $193.91, and during the day (based on 14 day Average True Range), to move between $184.23 and $204.53, which gives a possible trading interval of +/-$10.15 (+/-5.22%) up or down from last closing price. If Tesla Inc. takes out the full calculated possible swing range there will be an estimated 10.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $194.86 (0.24%) than the support at $191.30 (1.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Tesla Inc. stock A Buy?

Tesla holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.694 Open Broker Account

Sell Candidate Unchanged

Predicted Opening Price for Tesla Inc. of Monday, December 5, 2022

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price December 5, 2022 Current price
$193.91 $194.38 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 199.05 2.40 %
197.09 1.39 %
195.88 0.770 %
Current price: 194.38
Support 191.95 -1.25 %
190.74 -1.87 %
188.77 -2.88 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 211.25 8.68 %
207.28 6.64 %
194.86 0.244 %
Current price 194.38
Support 191.30 -1.58%
190.14 -2.18%
177.50 -8.69%

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About Tesla Inc.

Tesla Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network... TSLA Profile

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