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.
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.