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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TSLA
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Stronger technical forecast for Tesla stock price after Tuesday trading.
(Updated on Jun 11, 2024)

Hold candidate since Jun 11, 2024 PDF

The Tesla stock price fell by -1.80% on the last day (Tuesday, 11th Jun 2024) from $173.79 to $170.66. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.38% from a day low at $167.42 to a day high of $174.75. The price has fallen in 7 of the last 10 days and is down by -3.45% for this period. Volume has increased on the last day by 14 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, 64 million shares were bought and sold for approximately $10.98 billion.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.64% during the next 3 months and, with a 90% probability hold a price between $153.74 and $207.42 at the end of this 3-month period.

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TSLA Signals & Forecast

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 $175.13 and $175.65. 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 29, 2024, and so far it has fallen -12.05%. 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.

Support, Risk & Stop-loss for Tesla stock

Tesla finds support from accumulated volume at $164.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $7.33 between high and low, or 4.38%. For the last week the stock has had daily average volatility of 3.21%.

Our recommended stop-loss: $161.41 (-5.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)

Trading Expectations (TSLA) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Tesla Inc. to open at $170.94, and during the day (based on 14 day Average True Range), to move between $163.96 and $177.36, which gives a possible trading interval of +/-$6.70 (+/-3.93%) up or down from last closing price. If Tesla Inc. takes out the full calculated possible swing range there will be an estimated 7.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $171.11 (0.26%) than the support at $164.90 (3.38%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.924 Hold/Accumulate Upgraded

Predicted Opening Price for Tesla Inc. of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$170.94 ( 0.166%) $170.66

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

Trading levels for TSLA

Fibonacci Support & Resistance Levels

Level Price
R3 178.27 4.46%
R2 175.47 2.82%
R1 173.74 1.81%
Price 170.66
S1 168.14 -1.47%
S2 166.41 -2.49%
S3 163.61 -4.13%

Accumulated Volume Support & Resistance Levels

Level Price
R3 194.05 13.71%
R2 183.28 7.39%
R1 171.11 0.264%
Price 170.66
S1 164.90 -3.38%
S2 162.50 -4.78%
S3 162.13 -5.00%

FAQ

What is the symbol for Tesla Stock and on which exchange is it traded?
The symbol for Tesla is TSLA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Tesla Stock?
Tesla holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Tesla Stock?
Tesla Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tesla Stock.

What's the current price of Tesla Stock?
As of the end of day on the Jun 11, 2024, the price of an Tesla (TSLA) share was $170.66.

What is the 52-week high and low for Tesla Stock?
The 52-week high for Tesla Stock is $299.29 and the 52-week low is $138.80.

What is the market capitalization of Tesla Stock?
As of the Jun 11, 2024, the market capitalization of Tesla is 554.251B.

When is the next earnings date for Tesla?
The upcoming earnings date for Tesla is Jul 17, 2024.
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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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