Tesla Stock Technical Analysis : Bearish Trading

Tesla Stock Technical Analysis: Tesla stock is trading in a bearish trend today, as selling pressure prevails in the market. In this analysis, we will review the current trading prices, price movements on the chart, and use technical indicators to make our predictions.

Tesla Stock Technical Analysis: Trading Prices and Chart Analysis

Currently, Tesla stock is trading at $244, after recording its highest price today at $246 and its lowest price at $241. These movements on the chart show a bearish trend with weak signs of easing selling pressure.

Technical Indicators

When analyzing the moving average indicators, we notice the beginning of a slight shift to trade above these levels, which weakens the current downtrend. The MACD indicator also shows a decrease in the strength of the negative trend, indicating a possible improvement in the strength of the stock in the near future.

Today’s Outlook

Based on current analysis, we expect Tesla stock to stabilize or some sideways movement, with the possibility of testing new support levels. If the positive signals continue, we may see the beginning of a price recovery.

Tesla Stock Technical Analysis

Trading strategies based on Buy/Sell levels

Tesla Stock In case of buying           in case of selling
Entry point 252 240
Target Point 1 (TP1) First resistance: 257 First support: 233
Target Point 2 (TP2) Second resistance: 262 Second support: 227
Stop Loss (SL) 240 252

 

In light of the above, it is advisable to closely monitor the stock movement, especially around critical levels. The current downtrend may provide trading opportunities, but caution should be exercised with any changes in market momentum.

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