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$663.90 (-6.42%)

Volume: 48.204M

Closed: May 20, 2022

Hollow Logo Score: -4.706

Tesla Stock Forecast

BUY SELL NASDAQ:TSLA
$663.90 (-6.42%)

Volume: 48.204M

Closed: May 20, 2022

Score Hollow Logo -4.706
Which way will TSLA go? Request
Fri, May 20, 2022 Sell Candidate
* 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 ] RSI14 is 27 and the stock is currently not being overbought or oversold

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Volatile ride for Tesla stock price on Friday moving between $633.00 and $721.58
(Updated on May 20, 2022)


Sell candidate since 2022-05-16 Loss -8.35% PDF

The Tesla stock price fell by -6.42% on the last day (Friday, 20th May 2022) from $709.42 to $663.90. and has now fallen 4 days in a row. During the day the stock fluctuated 13.99% from a day low at $633.00 to a day high of $721.58. The price has fallen in 7 of the last 10 days and is down by -23.31% for this period. Volume has increased on the last day by 18 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, 48 million shares were bought and sold for approximately $32.00 billion.

Given the current short-term trend, the stock is expected to fall -4.34% during the next 3 months and, with a 90% probability hold a price between $635.09 and $1069.88 at the end of this 3-month period.

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 $723.81 and $909.69. 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 -42.04%. 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

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 $88.58 between high and low, or 13.99%. For the last week, the stock has had a daily average volatility of 8.04%.

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

Trading Expectations For The Upcoming Trading Day Of Monday 23rd

For the upcoming trading day on Monday 23rd we expect Tesla Inc. to open at $672.83, and during day (based on 14 day Average True Range), to move between $602.96 and $724.84, which gives a possible trading interval of +/-$60.94 (+/-9.18%) up or down from last closing price. If Tesla Inc. takes out the full calculated possible swing range there will be an estimated 18.36% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $64.10 (9.66%) our system find the risk reward not very attractive.

Is Tesla Inc. stock A Buy?

Tesla holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.706

Sell Candidate Upgraded

Predicted Opening Price for Tesla Inc. of Monday, May 23, 2022

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

Fair opening price May 23, 2022 Current price
$672.83 $663.90 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 761.41 14.69 %
727.57 9.59 %
706.67 6.44 %
Current price: 663.90
Support 638.99 -3.75 %
618.08 -6.90 %
584.25 -12.00 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 800.77 20.62 %
734.00 10.56 %
728.00 9.66 %
Current price 663.90
Support 0 .
0 .
0 .

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About Tesla Inc.

Tesla Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. It primarily offers sedans and sport utility vehicles. The company also offers electric vehicle powertrain components and systems to other manufacturers. Tesla Motors, Inc. sells its products through a network of Tesla stores and galleries, as well as through Internet. The... Read more

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