Social Sentiment for TSLA
Bullish vs. Bearish opinions
Weighted Sentiment -0.00
Tesla Motors Forecast and Stock Analysis
Technical TSLA stock analysis for Tuesday June 25, 2019.
Tesla Motors fell by -1.73% in the last day ( Tuesday, 25th Jun 2019 ) from $223.64 to $219.76 During day the stock fluctuated 2.67% from a day low at $219.49 to a day high of $225.34. The price has risen in 6 of the last 10 days and is up by 1.23% over the past 2 weeks. Volume has increased in the last day by 0.37 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 6.08 million shares bought and sold for approximately $1 335.66 million.
- 30 day high of the TSLA stock price was $234.74 and low was $176.99.
- 90 day high was $296.17 and low was $176.99.
- 52 week high for the Tesla Motors - $387.46 and low - $176.99.
Tesla Motors lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $220.79 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.70% during the next 3 months and, with 90% probability hold a price between $111.51 and $157.42 at the end of this period.
Tesla Motors holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $223.01. On a fall, the stock will find some support from the long-term average at approximately $212.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday June 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $205.95 and $205.36.
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 Motors finds support just below today's level at $205.95. If this is broken, then the next support from accumulated volume will be at $205.36 and $195.49.
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 $5.85 between high and low, or 2.67%. For the last week, the stock has had a daily average volatility of 3.17%.
Our recommended stoploss: $207.70 (-5.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
3.17 %Average volatility
Very Low Low Medium High Very High
Tesla Motors holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 801 votes on StockTwits.
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|TSLA $219.76 ($-3.88 -1.73%)|
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