Home > Boards > US Listed > Automotive and Transportation > Tesla, Inc. (TSLA)

Stronger technical forecast for Tesla stock price after

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
JJ8 Member Profile
 
Followed By 150
Posts 7,418
Boards Moderated 0
Alias Born 02/13/12
160x600 placeholder
New WallStreetBets data: Mentions of $TSLA are surging on WallStreetBets Quiver Quantitative - 12/6/2021 5:00:18 PM
Tesla to Launch Cybertruck with 4-Motor Variant TipRanks - 12/6/2021 9:15:26 AM
Tesla falls on report of SEC probe on solar panel fire risk Seeking Alpha - 12/6/2021 8:54:46 AM
Musk Sells Another $1B Worth of Tesla Shares — Report TipRanks - 12/6/2021 2:25:02 AM
Tesla Stock: Still Too Expensive, Even Post-Omicron Dip TipRanks - 12/5/2021 5:33:18 AM
Tesla Relocates Headquarters To Austin, Texas — Report TipRanks - 12/3/2021 9:27:59 AM
Elon Musk sells another $1B worth of Tesla stock Seeking Alpha - 12/3/2021 7:41:25 AM
Tesla Recalls More Than 20,000 Model Ys in China Dow Jones News - 12/3/2021 4:38:00 AM
New Insider Transactions data: $TSLA's CEO recently sold 34,935 shares of stock in their company Quiver Quantitative - 12/2/2021 11:00:15 PM
Tesla Accused of Slowing Supercharging Speed of Model S Vehicles TipRanks - 12/2/2021 3:45:58 AM
Tesla confirms that Austin is its headquarters now Seeking Alpha - 12/1/2021 4:32:23 PM
Telsa, Li Auto and Nikola trade higher even as Omicron anxiety sweeps over market again Seeking Alpha - 11/30/2021 10:23:46 AM
Can Tesla Justify Its Trillion-Dollar Valuation? TipRanks - 11/30/2021 9:29:35 AM
Tesla plans to save on costs typically associated with late-quarter deliveries push Seeking Alpha - 11/29/2021 11:30:28 AM
Tesla Withdraws State Subsidy for Battery Plant in Berlin TipRanks - 11/29/2021 3:11:33 AM
Tesla said to turn down EU1.1bn in subsidies for Germany battery factory Seeking Alpha - 11/26/2021 12:33:27 PM
Musk continues push for subsidy elimination Seeking Alpha - 11/26/2021 9:38:04 AM
Tesla eyes new investment in Shanghai plant as its near capacity Seeking Alpha - 11/26/2021 7:48:02 AM
Tesla to Invest $188M for Shanghai Factory Expansion TipRanks - 11/26/2021 6:28:20 AM
Tesla: The Best Play for the EV Revolution TipRanks - 11/24/2021 4:02:12 PM
Tesla Stock: Pricey but Still Worth a Look TipRanks - 11/24/2021 10:58:59 AM
EV roundup: Results mixed as Elon Musk sells another $1.05B of Tesla stock Seeking Alpha - 11/24/2021 10:18:03 AM
Why is Tesla stock dipping today? Seeking Alpha - 11/23/2021 3:19:45 PM
JJ8   Saturday, 09/18/21 03:09:15 PM
Re: None
Post # of 58127 
Stronger technical forecast for Tesla stock price after Friday trading.
StockInvest.us, 18 hours ago

Tesla

The Tesla stock price gained 0.33% on the last trading day (Friday, 17th Sep 2021), rising from $756.99 to $759.49. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 1.47% from a day low at $750.00 to a day high of $761.04. The price has risen in 9 of the last 10 days and is up by 3.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 28 million shares were bought and sold for approximately $21.34 billion.

On August 23, 2021 "Morgan Stanley" gave "C$900.00" rating for TSLA. The price target was set to $706.30+3.8%.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 15.86% during the next 3 months and, with a 90% probability hold a price between $814.84 and $910.78 at the end of this 3-month period.

Tesla

Mostly positive signals in the chart today. The Tesla stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $750.13 and $718.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, August 17, 2021, and so far it has risen 14.09%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $709.67 and $679.82.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tesla finds support just below today's level at $709.67. If this is broken, then the next support from accumulated volume will be at $679.82 and $644.78.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $11.04 between high and low, or 1.47%. For the last week, the stock has had a daily average volatility of 2.60%.

Since the Tesla has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Tesla holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences