Tesla Stock Technical Analysis: Tesla (TSLA) stock has been witnessing significant volatility in recent trading, moving within a horizontal range after a sharp decline in previous sessions. It is now attempting to reposition itself near important technical resistance levels. In this technical analysis, we review the most important critical levels for Tesla stock, with an accurate technical reading of technical indicators and the best possible trading scenarios.
Tesla Stock Technical Analysis: Market Overview | Tesla Stock Live Trading
- Current Price: 252.28
- Session High: 254.52
- General Trend: Neutral to Bullish
The stock is trading within a consolidation range between 245 and 261, where we notice a clear rebound from the support area of 236.78, reflecting attempts by buyers to regain control, but without a clear breach of the key resistance levels.
Tesla Stock Technical Analysis | Important Technical Signals
Trend:
The general short-term trend is neutral, with some positive signs emerging recently, especially with a gradual rise above the fast moving averages.
Technical Indicators:
- MACD: In a positive turn, but momentum remains weak; further bullish confirmation is needed.
- Stochastic Oscillator: Moving near 45, indicating a potential continuation of the correction before taking a decisive direction.
Price Action:
The price is attempting to consolidate above the moving averages (20-50) with a potential positive crossover, but the resistance level of 252.28 remains a barrier to the upside.
Technical Outlook for Tesla Stock | Upcoming Trading Opportunities
Positive Scenario:
If the price is able to close above 261.86, we may witness an attempt to test 267.69, and then, if broken, we may see an acceleration towards 273.78. Negative scenario:
If the stock fails to break 261.86, it may return to decline to test the support level of 245.29. If it breaks, the main support level of 236.78 will be the next target.
Trading strategies based on Buy/Sell levels
| Tesla Stock | In case of buying | in case of selling |
| Entry point | 261.86 | 245.29 |
| Target Point 1 (TP1) | First resistance: 267.69 | First support: 236.78 |
| Target Point 2 (TP2) | Second resistance: 273.78 | Second support: 227.66 |
| Stop Loss (SL) | 245.29 | 261.86 |
Tesla’s stock is showing signs of technical improvement but needs confirmation by breaking the 261.86 level. Observers are advised to wait for a clear break above resistance to confirm targeted buy trades. Bears, however, may find opportunities if the stock fails to break above this resistance.
