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Analyst Ratings Last 30 days
Stop-loss: $663.19 (-3.49%)
Price TargetJuly 29, 2021 4
Low Average High
$0.20 $301.03 $900.00
Key Stats
P/E Ratio 316.44
Beta 2.09
* 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 51 and the stock is currently not being overbought or oversold

Tesla stock price up 1.45% on Friday (Updated on July 30, 2021)


Buy candidate since 2021-07-29 Gain 1.45%

The Tesla stock price gained 1.45% on the last trading day (Friday, 30th Jul 2021), rising from $677.35 to $687.20. , 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 4.26% from a day low at $669.00 to a day high of $697.53. The price has risen in 6 of the last 10 days and is up by 6.67% over the past 2 weeks. Volume fell on the last day by -982 thousand shares and in total, 29 million shares were bought and sold for approximately $19.73 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 lies in the middle of a 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 8.99% during the next 3 months and, with a 90% probability hold a price between $665.62 and $774.33 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 28, 2021, and so far it has fallen -0.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). 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 $658.08 and $651.87. A breakdown below any of these levels will issue sell signals. 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 $679.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $28.53 (4.26%) between high and low. For the last week, the stock has had a daily average volatility of 4.32%.

Our recommended stop-loss: $663.19 (-3.49%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 day(s) ago.)

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: 2.390

Predicted Opening Price for Tesla Inc. of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$684.58 $687.20 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

On July 29, 2021 "DZ Bank" gave "$750.00" rating for TSLA. The price target was set to $646.98+0.3%. Over the last 30 days, this security got 3 buy, 1 sell, and 0 hold ratings.

Volatility
4.32 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $688.72
Price: $687.20
Support: $679.82

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 713.11 3.77 %
702.21 2.18 %
695.48 1.20 %
Current price: 687.20
Support 673.68 -1.97 %
666.95 -2.95 %
656.05 -4.53 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
688.72 0.22 %
Current price 687.20
Support 679.82 -1.07%
617.20 -10.19%
571.69 -16.81%

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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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