Tesla Stock Technical Analysis: Tesla stock is trading in a downward trend today, with a high of $248.04 and a low of $232.93. The stock currently stands at $240.46. The market is showing significant selling pressure, reflecting weak buying power.
Tesla Stock Technical Analysis: Technical Analysis
Technically, the stock is trading below its short- and long-term moving averages, reinforcing the downward trend and demonstrating market weakness. The MACD indicator also indicates a downward trend, but it is showing a weak negative signal, suggesting that the downward trend may not be strong enough to sustain a significant decline in the near term.
Current Prices and Trading Levels:
Tesla stock is currently trading between $256.11 and $229.91. With the stock trading below the moving averages, selling pressure is clearly evident, making a downward trend the most likely scenario at the moment. Although the negative MACD signal is weak, it may indicate that the stock is continuing its downward trend.
Future Outlook:
If the stock continues to decline below current support levels, we may see further declines toward key support levels at $229.91 or even $212.78 in the near term. Conversely, if the stock experiences a strong rebound from current levels, it could rebound toward resistance levels at $256.11 or higher. However, for now, the downward trend remains dominant in the market.
Trading strategies based on Buy/Sell levels
| Tesla Stock | In case of buying | in case of selling |
| Entry point | 256.11 | 229.91 |
| Target Point 1 (TP1) | First resistance: 269.20 | First support: 212.78 |
| Target Point 2 (TP2) | Second resistance: 275.00 | Second support: 206.55 |
| Stop Loss (SL) | 229.91 | 256.11 |
Technical analysis shows that Tesla stock is trading in a downtrend with prices falling below the moving averages, although MACD signals indicate a weak downtrend. Traders should monitor current support levels and wait to determine whether the stock will maintain its downtrend or experience an upward rebound in the coming period.
