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Tuesday April 07, 2020 Change 5.66% Price $545.45
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Bullish vs. Bearish (344 opinions)
Social Sentiment 0.01

TSLA Stock Forecast and Technical Analysis

Hold candidate since 2020-04-06 Gain 5.66% PDF

Tesla Motors gained 5.66% in the last trading day ( Tuesday, 7th Apr 2020 ), rising from $516.24 to $545.45 , 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 6.14% from a day low at $532.34 to a day high of $565.00. The price has been going up and down for this period, and there has been a 8.01% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3.02 million more shares were traded than the day before. In total, 17.76 million shares bought and sold for approximately $9 687.35 million.

TSLA Stock Price Summary

  • 30 day high of the TSLA stock price was $668.00 and low was $350.51.
  • 90 day high was $968.99 and low was $350.51.
  • 52 week high for Tesla Motors - $968.99 and low - $176.99.

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TSLA Trend

Tesla Motors lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.08% during the next 3 months and, with 90% probability hold a price between $299.71 and $763.59 at the end of this period.

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TSLA Signals

A buy signal was issued from a pivot bottom point on Thursday April 02, 2020, which indicates further gains until a new top pivot has been found. 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. Tesla Motors holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $607.13. On a fall, the stock will find some support from the short-term average at $500.55. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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TSLA Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 73 and the stock is currently not being overbought or oversold

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

TSLA Support & Resistance

Tesla Motors finds support from accumulated volume at $537.92.

Support: $537.92 Price: $545.45 Resistance: $569.56

TSLA Stock Risk

This stock may move much during a 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 $32.66 between high and low, or 6.14%. For the last week, the stock has had a daily average volatility of 7.94%.

Our recommended stop-loss: $517.17 (-5.18%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)

7.94 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

TSLA Stock Evaluation

Tesla Motors 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 hold candidate (hold or accumulate) in this position whilst awaiting further development.

The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 344 votes on StockTwits.

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