Tesla Stock Technical Analysis: Tesla (TSLA) stock is experiencing a strong upward trend today, recording a high of $278.17 and a low of $269.79. The stock is currently trading at its daily high ($278.17), a clear indication of buyer dominance during today’s session. This upward movement is reinforced by the price trading above all major moving averages, while the MACD indicator is showing strong positive signals, enhancing the likelihood of the uptrend continuing in the coming sessions.
Tesla Stock Technical Analysis: Technical Analysis
Price Action and Moving Averages:
- Price trading above the moving average reflects a strong uptrend
Technical Indicator Analysis:
- MACD: Shows a strong bullish crossover above the zero line
- RSI: Shows bullish momentum without reaching overbought areas
- Volume: Above average, supporting the credibility of the uptrend
Trading Expectations and Possible Scenarios:
Bullish Scenario (Most Likely):
- Continuation of the rise towards $285
- Testing the $295.41 level if positive momentum continues
- Buy entry on minor bounces towards $302.55 with a stop loss below $266.45
Corrective Scenario (Minor):
- Minor pullback towards $266.45 to test the moving average
- Considered a buying opportunity for traders who missed the recent move
- Requires a break below $258.66 to invalidate the picture Bullish
Investment Recommendations:
- For short-term traders:
- Look for buying opportunities on slight bounces
- Initial target at $295.41, then $302.55
- Stop loss below $266.45
Risk Management:
- Maintain a risk/reward ratio of at least 1:2
- Do not risk more than 2% of your capital on a single trade
- Monitor company news and influential global markets
Trading strategies based on Buy/Sell levels
| Tesla Stock | In case of buying | in case of selling |
| Entry point | 285.39 | 266.45 |
| Target Point 1 (TP1) | First resistance: 295.41 | First support: 258.66 |
| Target Point 2 (TP2) | Second resistance: 302.55 | Second support: 252.22 |
| Stop Loss (SL) | 266.45 | 285.39 |
Tesla’s stock today presents a strong technical picture supporting the continuation of the uptrend, with positive signals from key technical indicators. Traders are advised to focus on buy-on-retracement strategies, while maintaining tight risk management amid potential market volatility. $295.41 remains a key target for the current uptrend, while a break above $266.45 is an early warning signal of a potential trend change.
