Bullish vs. Bearish (127 opinions)
Social Sentiment 0.08
TSLA Stock Forecast and Technical Analysis
Buy or Hold candidate since 2019-10-07 Gain 236.54% PDF
Tesla Motors fell by -0.49% in the last day ( Friday, 14th Feb 2020 ) from $804.00 to $800.03 During the day the stock fluctuated 3.50% from a day low at $785.50 to a day high of $812.97. The price has risen in 6 of the last 10 days and is up by 22.97% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -10.49 million shares and in total 15.58 million shares bought and sold for approximately $12 460.90 million.
TSLA Stock Price Summary
- 30 day high of the TSLA stock price was $968.99 and low was $492.17.
- 90 day high was $968.99 and low was $327.10.
- 52 week high for Tesla Motors - $968.99 and low - $176.99.
Tesla Motors 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 104.93% during the next 3 months and, with 90% probability hold a price between $1 379.19 and $1 948.71 at the end of this period.
Tesla Motors holds buy signals from both short- and long-term moving averages. In addition, 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 $773.43 and $588.91. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday February 13, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
TSLA Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 71 and the stock is currently not being overbought or oversold
* Stockinvest.us 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 $780.00.
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 $27.47 between high and low, or 3.50%. For the last week, the stock has had a daily average volatility of 6.12%.
Our recommended stop-loss: $753.69 (-5.79%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 day(s) ago.)
6.12 %Average volatility
Very Low Low Medium High Very High
TSLA Stock Evaluation
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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate candidate.
Also 88% of user sentiment are positive to the stock. The sentiment is based upon 127 votes on StockTwits.
|TSLA $800.03 ($-3.97 -0.49%)|
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