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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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Stock Analysis
Risk Assessment
Trading Strategy

Green day on Friday for Tesla
(Updated on Jun 21, 2024)

Buy candidate since Jun 17, 2024 Loss -2.36% PDF

The Tesla stock price gained 0.793% on the last trading day (Friday, 21st Jun 2024), rising from $181.57 to $183.01. During the last trading day the stock fluctuated 1.80% from a day low at $180.69 to a day high of $183.95. The price has fallen in 6 of the last 10 days but is still up by 2.85% 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, 6 million more shares were traded than the day before. In total, 62 million shares were bought and sold for approximately $11.29 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 7.30% during the next 3 months and, with a 90% probability hold a price between $162.43 and $217.03 at the end of this 3-month period.

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TSLA Signals & Forecast

The Tesla stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $182.09 and $177.71. 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 Monday, June 17, 2024, and so far it has fallen -2.36%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Tesla stock

On the downside, the stock finds support just below today's level from accumulated volume at $170.18 and $164.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tesla finds support just below today's level at $170.18. If this is broken, then the next support from accumulated volume will be at $164.90 and $162.13.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.26 (1.80%) between high and low. For the last week, the stock has had daily average volatility of 3.87%.

Our recommended stop-loss: $175.18 (-4.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (TSLA) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Tesla Inc. to open at $182.55, and during the day (based on 14 day Average True Range), to move between $175.77 and $190.25, which gives a possible trading interval of +/-$7.24 (+/-3.95%) up or down from last closing price. If Tesla Inc. takes out the full calculated possible swing range there will be an estimated 7.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $183.28 (0.15%) than the support at $170.18 (7.01%), 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tesla stock to perform well in the short-term.

Current score: 2.748 Buy Candidate Unchanged

Predicted Opening Price for Tesla Inc. of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$182.55 ( 0.251%) $183.01

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 185.81 1.53%
R2 184.56 0.85%
R1 183.80 0.429%
Price 183.01
S1 181.30 -0.93%
S2 180.54 -1.35%
S3 179.29 -2.03%

Accumulated Volume Support & Resistance Levels

Level Price
R3 194.05 6.03%
R2 186.60 1.96%
R1 183.28 0.148%
Price 183.01
S1 170.18 -7.01%
S2 164.90 -9.90%
S3 162.13 -11.41%


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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tesla stock to perform well in the short-term.

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 21, 2024, the price of an Tesla (TSLA) share was $183.01.

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 21, 2024, the market capitalization of Tesla is 579.063B.

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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