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$883.07 (3.89%)

Volume: 31.472M

Closed: Aug 10, 2022

Hollow Logo Score: 0.179

Tesla Stock Forecast

BUY NASDAQ:TSLA
$883.07 (3.89%)

Volume: 31.472M

Closed: Aug 10, 2022

Score Hollow Logo 0.179
Which way will TSLA go? Request
Wed, Aug 10, 2022 Hold/Accumulate
* 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 61 and the stock is currently not being overbought or oversold
Last Reaction
Last Reaction
Cucumba
Cucumba
3 weeks ago
Cucumba 3 weeks ago
We must believe and it will happen lol :D

Green day on Wednesday for Tesla
(Updated on Aug 10, 2022)


Buy or Hold candidate since 2022-08-08 Gain 1.35% PDF

The Tesla stock price gained 3.89% on the last trading day (Wednesday, 10th Aug 2022), rising from $850.00 to $883.07. During the last trading day the stock fluctuated 4.99% from a day low at $850.11 to a day high of $892.53. The price has risen in 8 of the last 10 days and is up by 7.11% 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, 3 million more shares were traded than the day before. In total, 31 million shares were bought and sold for approximately $27.79 billion.

The stock lies in the middle of a very wide and strong 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 21.1% during the next 3 months and, with a 90% probability hold a price between $892.11 and $1134.01 at the end of this 3-month period.

Signals & Forecast

The Tesla stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $888.39. On a fall, the stock will find some support from the long-term average at approximately $775.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, August 04, 2022, and so far it has fallen -4.63%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $815.12 and $728.00. There is 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 $815.12. If this is broken, then the next support from accumulated volume will be at $728.00 and $663.90.

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 $42.42 between high and low, or 4.99%. For the last week, the stock has had a daily average volatility of 4.95%.

Our recommended stop-loss: $836.62 (-5.26%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations For The Upcoming Trading Day Of Thursday 11th

For the upcoming trading day on Thursday 11th we expect Tesla Inc. to open at $875.24, and during day (based on 14 day Average True Range), to move between $841.10 and $925.04, which gives a possible trading interval of +/-$41.97 (+/-4.75%) up or down from last closing price. If Tesla Inc. takes out the full calculated possible swing range there will be an estimated 9.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $891.45 (0.95%) than the support at $815.12 (7.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.

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: 0.179

Hold/Accumulate Unchanged

Predicted Opening Price for Tesla Inc. of Thursday, August 11, 2022

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

Fair opening price August 11, 2022 Current price
$875.24 $883.07 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 917.66 3.92 %
901.45 2.08 %
891.44 0.95 %
Current price: 883.07
Support 859.03 -2.72 %
849.02 -3.86 %
832.82 -5.69 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 901.76 2.12 %
891.83 0.99 %
891.45 0.95 %
Current price 883.07
Support 815.12 -7.69%
728.00 -17.56%
663.90 -24.82%

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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... Read more

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