The Tesla (TSLA) stock is showing mixed signals. The short-term Moving Average indicates a sell signal, while the long-term Moving Average suggests a buy signal. However, since the short-term average is currently above the long-term average, there is an overall buy signal for the stock, indicating a positive forecast. The stock may face resistance at around $272.32 on further gains and find support at approximately $263.12 on a fall.
Some negative signals have been issued, including a sell signal from a pivot top point on July 18, 2023, resulting in a 9.88% decline so far. The 3-month Moving Average Convergence Divergence (MACD) is also indicating a sell signal. However, the reduction in volume along with the price decrease on the last trading day reduces overall risk, as volume typically follows price movements.
The stock finds support from accumulated volume at $259.46, presenting a potential buying opportunity when this level is tested. The risk is considered medium due to average movements during the day and good trading volume, with a daily average volatility of 4.78% for the last week.
The recommended stop-loss level is $248.07 (-6.16%) based on the medium daily movements and a sell signal from a pivot top point found 6 days ago. The stock has experienced fluctuations between $261.75 and $268.04 during the last trading day, with a 2.81% loss over the last 2 weeks.
Based on the current short-term trend, the stock is expected to rise by 89.09% over the next 3 months, with a 90% probability of holding a price between $499.85 and $581.62 at the end of this period.
Some negative signals have been issued, including a sell signal from a pivot top point on July 18, 2023, resulting in a 9.88% decline so far. The 3-month Moving Average Convergence Divergence (MACD) is also indicating a sell signal. However, the reduction in volume along with the price decrease on the last trading day reduces overall risk, as volume typically follows price movements.
The stock finds support from accumulated volume at $259.46, presenting a potential buying opportunity when this level is tested. The risk is considered medium due to average movements during the day and good trading volume, with a daily average volatility of 4.78% for the last week.
The recommended stop-loss level is $248.07 (-6.16%) based on the medium daily movements and a sell signal from a pivot top point found 6 days ago. The stock has experienced fluctuations between $261.75 and $268.04 during the last trading day, with a 2.81% loss over the last 2 weeks.
Based on the current short-term trend, the stock is expected to rise by 89.09% over the next 3 months, with a 90% probability of holding a price between $499.85 and $581.62 at the end of this period.