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Weaker Hold
Today TSLA ranks #5922 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$909.68 (1.75%)

Volume: 23M

Closed: Oct 22, 2021

Hollow Logo Score: 0.000

Tesla Stock Forecast

$909.68 (1.75%)

Volume: 23M

Closed: Oct 22, 2021

Score Hollow Logo 0.000
Which way will TSLA go? Request
Stop-loss: $885.30 (-2.68%)
Key Stats
P/E Ratio 418.88
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 91 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected over the next couple of days.

Green day on Friday for Tesla
(Updated on Oct 22, 2021)


Buy or Hold candidate since 2021-08-20 Gain 33.73%

The Tesla stock price gained 1.75% on the last trading day (Friday, 22nd Oct 2021), rising from $894.00 to $909.68. , and 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 day the stock fluctuated 2.14% from a day low at $890.96 to a day high of $910.00. The price has risen in 9 of the last 10 days and is up by 15.81% over the past 2 weeks. Volume fell on the last day by -9 million shares and in total, 23 million shares were bought and sold for approximately $20.51 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.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $865.27, a level that may pose a second chance to hit a runner. According to fan-theory $930.39 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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 $866.46 and $786.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, August 17, 2021, and so far it has risen 36.65%. 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.

Support, Risk & Stop-loss

Tesla finds support from accumulated volume at $894.00 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 $19.04 between high and low, or 2.14%. For the last week, the stock has had a daily average volatility of 2.67%.

The Tesla stock is extremely overbought on RSI14 (91). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $885.30 (-2.68%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 47 days ago.)

Is Tesla Inc. stock A Buy?

Tesla holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Tesla Inc. of Monday, October 25, 2021

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

Fair opening price October 25, 2021 Current price
$903.55 $909.68 (Overvalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Oct 21, 2021 "Bank of America" gave "$900.00 - $1,000.00" rating for TSLA. The price target was set to $887.71+2.5%.

Volatility and Risk
Daily Average Volatility: 2.67 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.67 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $909.68
Support: $894.00

TSLA Insider Trading Show all Trades

INSIDER POWER

0.516

Last 100 transactions
Buy: 97 975 | Sell: 190 021 (Shares)
Date Action Amount Person Type
Oct 18, 2021 Sell 7 000 Taneja Vaibhav Non-Qualified Stock Option (right to buy)
Oct 18, 2021 Sell 200 Taneja Vaibhav Common Stock
Oct 18, 2021 Sell 990 Taneja Vaibhav Common Stock
Oct 18, 2021 Sell 500 Taneja Vaibhav Common Stock
Oct 18, 2021 Sell 568 Taneja Vaibhav Common Stock
Show all Insider Trades
INSIDER POWER

0.516

Last 100 transactions
Buy: 97 975 | Sell: 190 021 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 922.59 1.42 %
915.31 0.62 %
910.82 0.13 %
Current price: 909.68
Support 896.27 -1.47 %
891.78 -1.97 %
884.51 -2.77 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 909.68
Support 894.00 -1.72%
781.53 -14.09%
709.67 -21.99%

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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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