TESLA: Weak Market & Bearish Continuation
Balance of buyers and sellers on the TESLA pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Tesla
TESLA → an upward chancehello guys.
let's analysis Tesla
1. Key Levels:
Descending Trendline: The blue trendline represents a long-term resistance level formed by lower highs. The price has recently broken above this trendline, suggesting a potential shift in market sentiment.
QML (Quasimodo Level): The yellow box represents a demand zone where the price found support and launched the current bullish move.
2. Bullish Breakout:
The price broke above the descending trendline, signaling a possible trend reversal. The breakout is marked by a yellow circle on the chart.
After the breakout, the price pulled back slightly but remained above the QML zone, indicating strong support.
3. Upside Potential:
First Target: The first resistance level to watch is around $325.73. This is a previous swing high and could act as a significant resistance level.
Second Target: If the price breaks above $325.73, the next target would be around $402.32, which is another key resistance level from the past.
4. Bearish Scenario:
If the price fails to hold above the QML zone and the trendline, it could indicate a false breakout. This might lead to a retest of lower levels, possibly back to the QML zone or even lower.
Summary
Descending Trendline: A long-term resistance level has been broken, indicating a potential bullish reversal.
QML Zone: A strong demand area supporting the current uptrend.
Bullish Scenario: Targets are $325.73 and $402.32 if the uptrend continues.
Bearish Scenario: Failure to maintain above the trendline and QML zone could lead to a retest of lower levels.
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TSLA / TESLATSLA (Tesla, Inc.) Stock Analysis:
Key Dates and Potential Market Movements:
1. August 23, 2024 - Potential Upside:
• Scenario: The chart indicates a potential bullish movement around late August 2024. This could be driven by positive earnings reports, advancements in Tesla’s technology, or an increase in market optimism around Tesla’s leadership in the EV market.
• Impact on Price: We might see a short-term rally in Tesla’s stock price, pushing it towards previous highs around the $270 mark.
2. October 15, 2024 - Potential Downside:
• Scenario: As we approach mid-October 2024, the chart suggests a potential bearish phase. This could be due to broader market corrections, profit-taking by investors, or any negative news related to supply chain disruptions or increased competition in the EV market.
• Impact on Price: Tesla’s stock could see a pullback, potentially testing support levels around $215 or even lower.
3. February 19, 2025 - Recovery Phase:
• Scenario: By early 2025, the chart indicates a recovery phase, possibly due to strong Q4 2024 earnings, the introduction of new Tesla models, or significant advancements in battery technology.
• Impact on Price: This period might mark the beginning of a new bullish trend, with Tesla’s stock price climbing back towards the $250-$300 range.
4. May 9, 2025 - Consolidation or Continued Growth:
• Scenario: The market could enter a consolidation phase, where the stock trades within a range, or Tesla could continue its growth trajectory depending on the broader economic conditions and Tesla’s performance.
• Impact on Price: If the market conditions are favorable, Tesla might break out to new highs; otherwise, we could see sideways movement in the $250-$300 range.
5. September 4, 2025 - Potential Market Shift:
• Scenario: As we approach late 2025, the chart suggests another critical phase, potentially influenced by macroeconomic factors, such as changes in interest rates or shifts in consumer demand for EVs.
• Impact on Price: This could lead to either a breakout to new highs or a retest of lower support levels, depending on the prevailing market sentiment.
6. December 4, 2025 - Year-End Rally:
• Scenario: The end of 2025 could see a year-end rally, driven by strong sales numbers, holiday season demand, or favorable policy decisions regarding EV subsidies.
• Impact on Price: Tesla’s stock might experience a strong rally, potentially setting new highs or revisiting levels around $300.
Considerations for Investors:
• Technological Advancements: Tesla’s continued innovation in battery technology, autonomous driving, and energy solutions could be key drivers of its stock price.
• Market Sentiment: Investor sentiment around the EV market and broader technology sector will play a crucial role in Tesla’s stock movements.
• Geopolitical and Economic Factors: Changes in global trade policies, supply chain disruptions, and shifts in consumer demand could impact Tesla’s performance.
Given the potential market shifts and Tesla’s leadership in the EV space, are you considering adding Tesla to your portfolio? How do you see Tesla’s position evolving as we approach key market dates in 2024 and 2025?
TESLA starting an aggressive bullish reversal to $380.Since July and the bullish break-out above the ATH Lower Highs trend-line, Tesla (TSLA) confirmed the transition to a new long-term bullish pattern. For the time being, that is a Channel Up.
The recent pull-back is part of the wider market correction of the past 3 weeks but last week's green 1W candle, is evidence that the price has found a bottom. In fact this is a Higher Low on the new Bullish Leg similar to the previous one on the week of April 24 2023.
That was the first Bullish Leg since the 2022 Inflation Crisis bottom and the symmetry is evident even on the 1W MACD, which is showing a squeeze, similar to April - May 2023. As long as this doesn't cross, we expect the market to stabilize in August and start rallying aggressively as early as September.
An earlier break above the 1W MA200 (orange trend-line) again, would confirm that, as it is acting as a long-term Pivot. Since the previous Bullish Leg peaked at +194.87%, we see no reason to expect otherwise, thus keeping our long-term Target on Tesla at $380.00, which would not only be a +194.87% rise but also reach just below the April 05 2022 High.
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Tesla on the rise...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉TSLA has been overall bearish trading within the falling channel marked in red.
Currently, TSLA is hovering around a massive round number $200.
🏹 For the momentum to be shifted from bearish to bullish, a break above the last major high marked in red is required.
📈 In such a scenario, a movement towards the previous major high at $270 is expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NASDAQ-100. A POTENTIAL SYMMETRY PERHAPS IS THE NEXT BIG THINGPolicymakers at the U.S. central bank on Wednesday held interest rates steady, although Fed Chair Jerome Powell gave investors some hope by signaling a September rate cut could be on the table.
A Day later stocks heavily sold off Thursday (again), with the Dow Jones Industrial Average (DJIA) tumbling nearly 500 points, as investors’ fears over a recession surfaced.
Some fresh data stoked fears over a possible recession and the notion that the Federal Reserve could be too late to start cutting interest rates. Initial jobless claims rose the most since August 2023. And the ISM manufacturing index, a barometer of factory activity in the U.S., came in at 46.8%, worse than expected and a signal of economic contraction.
After these releases, the 10-year Treasury yield dropped below 4% for the first time since February.
These weak data releases come a day after central bank policymakers chose to keep rates at the highest levels in two decades, when Fed Chair Jerome Powell gave investors some hope by signaling a September rate cut could be on the table.
Labor situations is on the radars also, as fresh unemployment data expected on Friday, August 2.
The Federal Reserve risks further weakening the US economy and tanking US stock markets.
As the unemployment rate has risen in recent months, it has fueled speculation that the strong labor market is cracking and pointing to potential trouble ahead, with full-time employment in the US declining by about 1.23 million jobs over the past 12 months, and part-time employment adding about 1.52 million jobs (May'24 data).
While much of the attention of financial analysts in June and July 2024 was focused on the Fed's rhetoric, inflation and manufacturing statistics, the US unemployment rate, which is recovering from its 55-year lows, is much greater thing.
In technical terms, June'24 will be the 4th month in a row, US unemployment rate is above its 26-week (6-month) simple moving average.
Historical backtest analysis of the entire history of data since the end of World War II indicates that the onset of a recession in the United States is just around the corner.
In any case, such labor market symptoms have always, in all cases without exception, signaled either an already occurring or an imminent US recession.
The main graph (Nasdaq-100 Futures cont. contract) indicates on a potential symmetry for further bearish development. with the nearest target roughly S14'000 mark (that is corresponding also to 5-years SMA).
SPX 5600 BY FALL 2024 ?SP:SPX
Economic Resilience: Despite various challenges, the U.S. economy has shown remarkable resilience. If this trend continues, it could support higher stock prices.
Normalization of Interest Rates: The Federal Reserve’s normalization of interest rates, rather than aggressive tightening, could create a favorable environment for equities. If inflation continues to fall closer to the Fed’s 2% target, it might only require modest rate cuts.
Consumer Spending Power: Consumers have maintained strong purchasing power, supported by high job security and a robust labor market. This continued consumption can drive corporate earnings higher.
Big Tech Leadership: Big Tech companies have consistently delivered strong earnings and have been a significant driver of the S&P 500’s performance. Their growth prospects, particularly in areas like AI, remain strong.
Earnings Growth: Analysts project solid earnings growth for the S&P 500, with estimates suggesting a significant increase in earnings per share (EPS) for 2024.
Valuation Multiples: The valuation multiples for Big Tech and other sectors are seen as reasonable given their growth prospects. This supports higher price targets for the index.
Historical Trends: Historical performance patterns, especially in presidential election years, suggest that the S&P 500 could see gains.
$TSLA Powering down expected until we break the channel The chart is still showing a bearish trend with the price trading within a descending channel, indicating a consistent downtrend.
Key Levels:
- $200 Resistance:
The failure to reclaim and hold above $200 reinforces bearish sentiment.
- 0.618 Fibonacci Support at $165:
This level is the next major support within the current downtrend. A break below could lead to further declines.
- Target 1 ($165): Immediate support level, aligned with the 0.618 Fibonacci retracement.
- Target 2 ($100): A deeper support level and potential downside target if bearish momentum continues.
The price remains below the moving averages, further supporting the bearish outlook. NASDAQ:TSLA is likely to test the $165 level, with the potential for further decline towards $100 if the bearish trend persists. A bullish reversal would require a break above the descending channel and key resistance levels.
PSNY - Polestar Automotive UK: $1.00 target!Trading at 92.9% below our estimate of its fair value
Revenue is forecast to grow 37.57% per year
Highly volatile share price over the past 3 months
Negative shareholders equity
Has less than 1 year of cash runway
Currently unprofitable and not forecast to become profitable over the next 3 years
Tesla (TSLA) VOL 2. | Retest After The Breakout!Hi,
Some months ago I shared the Tesla idea, and it worked out perfectly!
Now the second opportunity, we have seen that the price of Tesla has made a breakout from the trendline. It has seen quite a few attempts to break through it, all failed but not the last attempt, the last attempt was quite powerful and the retest area is also quite strong so these are the major reasons I would like to share this idea.
Obviously, do your own work but if it is matching with mine then you are probably ready to go ;)
Good luck,
Vaido
$1 Trln Wipeout: Mega-Cap Tech Stocks Hit Hard Amid Market RoutThe tech sector is reeling after a staggering $1 trillion wipeout in market value at the start of trading on Monday. This massive drop reflects broader market turmoil, with the Nasdaq plunging over 3% as it grapples with its steepest three-week slide in two years. The fallout is severe, with major tech giants like Nvidia, Tesla, Apple, and Amazon bearing the brunt.
Tech Giants' Massive Losses
The seven most valuable U.S. tech companies lost approximately $995 billion in market cap early on Monday. Nvidia saw its valuation fall by over $300 billion, although it managed to recover about half of that loss. Apple's market cap dropped by $224 billion, while Amazon's fell by $109 billion. Tesla, Microsoft, Alphabet, and Meta also experienced significant declines.
This sell-off comes on the heels of a tumultuous period marked by increasing recession fears. A disappointing U.S. payrolls report and a historic 12% drop in Japan's Nikkei 225, reminiscent of the 1987 Black Monday crash, have intensified market anxiety. Bitcoin, often a barometer for risk appetite in the crypto space, also plummeted 11%, further signaling investor jitters.
The AI Investment Debate
The tech sector's woes are compounded by concerns over the return on investment in artificial intelligence (AI). Nvidia, which once enjoyed a meteoric rise due to its GPUs fueling the AI boom, has seen its market cap fall from over $3 trillion to below $2.5 trillion. Despite impressive revenue growth, some analysts are cautioning against potential overinvestment in AI, suggesting that the hype may be overshadowing tangible returns.
Goldman Sachs has issued warnings about the limited progress seen from the substantial AI investments made by leading tech firms. Similarly, Elliott Management has labeled Nvidia’s situation as a "bubble," indicating a broader skepticism about the sustainability of the current AI-driven rally.
The Broader Impact
The broader technology sector is now facing a reality check as companies like Amazon, Alphabet, and Microsoft grapple with the financial strain of their AI investments. The recent drop in their stock prices reflects growing concerns that these investments may not yield the expected results in the near term. Additionally, Warren Buffett's Berkshire Hathaway's decision to cut its stake in Apple has only intensified fears about the tech industry's future.
As Wall Street shifts its focus to safe assets and anticipates potential Federal Reserve rate cuts, the tech sector's road ahead appears increasingly uncertain. The current market rout underscores the volatile nature of tech investments and the growing anxiety over the real impact of massive AI expenditures.
Technical Outlook
As of the current time, the shares of Tesla ( NASDAQ:TSLA ) stock have declined by 4.54%. Despite this, the stock is trading above the 100-day Moving Average (MA), with the Relative Strength Index (RSI) at 39, indicating a continuation of the bearish trend.
Conclusion
The $1 trillion wipeout highlights the volatility and risks inherent in mega-cap tech stocks, especially amid economic uncertainty and evolving market conditions. As the sector navigates this challenging period, investors will be watching closely to see how these tech giants adapt to the shifting landscape and whether they can recover from this significant setback.
NASDAQ-100 (BIGTECH) VOLATILITY INDEX. IMPORTANT LEVELS TO LEARNBroadly-known ominously among investors as the "fear index" and launched by the Chicago Board Options Exchange (now the Cboe) in 1993, the Volatility Index (VIX) is meant to present the market's expectation of volatility over the coming 30 days. The metric is derived from options prices on the S&P 500 Index and captures the anticipated swings that drive investor sentiment.
In recent years, the VIX has become a far more central index, especially during periods of financial turbulence, such as the 2008 financial crisis and the COVID-19 pandemic. During these stretches, spikes in the VIX reflected widespread anxiety; during others, it's been a crucial barometer for market participants seeking a glimpse into investors' collective psyche. When the VIX is low, this suggests calm seas ahead. When it spikes, it signals approaching storms.
Every single stock index do have its own volatility. This story is about Cboe NASDAQ-100 Volatility Index
The Cboe NASDAQ-100 Volatility Index (VXN) is a key measure of market expectations of near-term volatility conveyed by NASDAQ-100 Index (NDX) option prices. It measures the market's expectation of 30-day volatility implicit in the prices of near-term NASDAQ-100 options. VXN is quoted in percentage points, just like the standard deviation of a rate of return, e.g. 19.36. Cboe disseminates the VXN index value continuously during trading hours.
The VXN Index is a leading barometer of investor sentiment and market volatility relating to the NASDAQ-100 Index.
Learn more about Methodology for Calculation of the VXN Index, using official CBOE website .
Technical observations
The main technical graph indicates that VXN Index has recently jumped, from 5-year lows around 15 basic points in mid-June, 2024 to current 25 basic points.
In nowadays 25-level corresponds to 5-years SMA, and is the major one resistance level.
In any case of breakthrough it certainly cracks the door to 40-levels and potentially even much above.
Think twice. Then leap.
Cheers, Pandorra
Tesla Bearish Symmetrical Triangle ready to collapse to $160? I am a big advocate for Tesla shares but I don't think the world crash will hold even this car giant.
So, technically it's in a Symmetrical Triangle and it's currently in a range. It will continue to go down to the bottom of the range at around $160.
But if the price breaks below that, we can see $100 for the Auto Giant - which I hope we don't see.
Let's see how it goes.
TESLA What Next? BUY!
My dear friends,
My technical analysis for TESLA is below:
The market is trading on 207.61 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 216.75
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
TSLA Bearish Trend with Key LevelsTechnical Overview:
- Support Levels:
Immediate support at $164 (61.8% Fibonacci retracement). Further support around $100.
- Resistance Levels:
Primary resistance near $260 (38.2% Fibonacci retracement).
- Moving Averages:
The daily 50MA is currently above the price, indicating a bearish sentiment.
- Volume Analysis:
Volume is relatively stable, but a decrease could indicate further bearish movement.
Outlook:
Tesla is currently within a descending channel, showing bearish tendencies. A breakdown below the $164 support could target $100.
Conclusion:
NASDAQ:TSLA current bearish trend suggests a potential move down to $100, with key support at $164. Watch for volume changes and price action at these levels.
UBER 80 Afrer earnings ? NYSE:UBER
Uber Technologies Inc. Stock Surges to $75-$80 Range Following Strong Earnings Report
Uber Technologies Inc. (NYSE: UBER) has seen a significant boost in its stock price, reaching the $75-$80 range after the release of its latest earnings report. The ride-sharing giant reported impressive financial results for Q2 2024, with total revenue hitting $10.13 billion. This marks a notable year-over-year growth of 15%, showcasing Uber’s ability to expand its market presence and drive revenue despite challenging economic conditions.
The company’s strong performance was driven by increased demand for its ride-sharing and delivery services, as well as strategic investments in new technologies and markets. Uber’s net loss widened to $654 million, but the market responded positively to the revenue growth and future potential1. This optimism among investors has propelled the stock to new heights, reinforcing confidence in Uber’s long-term growth strategy.
As Uber continues to innovate and expand its service offerings, the future looks bright for this industry leader. Investors and market watchers will be closely monitoring how Uber leverages its current momentum to drive further growth and shareholder value.
CAFE CITY STUDIO & NY RUNS GLOBAL INC. NYC