Starting of a TSLA interesting periodYesterday TSLA closed above 800$. It didn't happen since 21th february and this could mean that an interesting and volatile period is starting for it.
Since it is still moving within the channel drawn by the trend lines, this means there aren't any important daily resistances yet.
At this point the inverstor can surf this moment and make the symbol dance between the top daily trend line (like most of the times happens to the tiltes with a strong daily trend line) and the 800$ support level.
Tslaanalysis
TSLA Ripping Your Face Off TSLA easy price action. If you were patient in shares don't ever sell them until it hts $3200. You can still buy shares here and be happy with a 4x. Over Fridays close we see 869. Look for some sort of cool down day. I would expect $900 by next week. BTFD in full effect now.
TSLA Stock Analysis and market prediction Hello everyone, as we all know the market action discounts everything :)
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TSLA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TSLA is performing more or less in line with the market.
TSLA has been doing really well for itself, The Bullish trend for the stock has started back in August and the stocks seems to be trending in a Rising wedge pattern which indicates a reversal soon but there are no signs for a breakout yet.
Both the short-term and long-term trends are positive. This is a very positive sign.
The stock is trading at 805.72 and it's nearing the resistance level located at 808.63 with a strong upward momentum which indicates a breakout of that resistance in the next day or so. This will lead the stock to have it focus on the resistance at 822.31 where the next target for the stock will be.
But we might see some pullback that could lead to a drop in value for the stock but it shouldn't be further than the support located at 784.54.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The STOCH has reached overbought zone which could indicate a small pullback. a positive crossover between %K (90.26) and %K (80.01) which indicates a Bullish move.
3) The RSI is at 68.32 showing Great strength in the market. With no divergence found between the indicator and the market
Support & Resistance points :
support Resistance
1) 770.15 1) 803.90
2) 754.81 2) 822.31
3) 736.40 3) 837.65
Fundamental point of view :
TSLA's Return On Assets of 3.90% is amongst the best of the industry. TSLA does better than the industry average Return On Assets of -0.34% and TSLA shows strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.10%, which is quite impressive.
New Caledonia's Prony Resources said on Wednesday Tesla (NASDAQ:TSLA) Inc had agreed to purchase more than 42,000 tonnes of nickel in a multi-year deal - a pact that is set to make it a key supplier of the metal to the U.S. electric car maker.
Electric vehicle makers have made securing sufficient supplies of nickel - a key ingredient in automotive batteries - a top priority and are particularly keen to seek out sustainable and low-carbon nickel supplies.
Tesla, which serves as an adviser on product and sustainability standards to Prony, also signed a deal to take supply from BHP's nickel operations in Australia earlier this year.
Prony did not disclose how many years the deal with Tesla will run for.
The automaker is expected to deploy around 30,000 tonnes of nickel in batteries this year and is likely to rapidly ramp up its nickel consumption in the coming years, said Steven Brown, a Sydney-based independent expert on battery minerals. According to Reuters
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
TSLA Short term rally targetWe have implemented the Wolfe Wave Zero-Lag indicator to Tradingview. Eighty Percent of the Waves that form and display on any time-frame we assume bullish. For example, in the chart on TSLA, there is a Bearish Wolfe Wave marked in red. So we assume a contrarian position and approach this trade as a bullish setup. If price takes out pivot 5 then tsla breaks out taking out it previous 5 day high. When using this over the weekend, the trade become easier to manage in terms of risk and reward. Holding TSLA long call positions over the weekend averages approx 58% probability of success with profit factor greater then 2.4. Our targets are usually determined using premarket gaps or fibonacci 1.272 extensions.
TESLA breaking resistance lines and moving upHello everyone, as we all know the market action discounts everything :)
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TSLA has been doing great for the last couple of days the stock price jumped from 718.33 and reached 799.38 today. That is an 11% increase in 6 days.
The long and short term trends are both positive. and looking at the yearly performance, TSLA did better than 87% of all other stocks. We also observe that the gains produced by TSLA over the past year are nicely spread over this period.
Possible Scenarios for the market :
Scenario 1 :
The market is trading near 791.36 and nearing the resistance line located at 794.82 if this momentum continues then we will see a breakout from that level that will push the market up where the first stop will be at the 814.84 resistance where the Bears might step in an attempt to drop the price back to the 794.82 level. In case the Bulls were able to keep control over the trend we could be seeing the stock reaching the 849.43 level soon.
Scenario 2 :
When the market reaches the first resistance at 794.82 a battle will happen between the Bears and the Bulls to gain control over the market, In case the Bears were able to strip control from the Bulls then we will see a drop in price that will reach the first support level located at 754.36.
The bulls will step in at that level to take control again and keep the uptrend going which will lead to an increase in the stock value that will reach 794.82 again and from there breaking out and reaching the 814.84 level
Technical Indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 69.25 showing Great strength in the market and almost reaching the overbought zone.
3) The MACD is above the 0 line indicating that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line.
Daily Support & Resistance points :
support Resistance
1) 754.36 1) 784.60
2) 734.34 2) 794.82
3) 724.12 3) 814.84
Weekly Support & Resistance points :
support Resistance
1) 737.08 1) 793.26
2) 699.76 2) 812.12
3) 680.90 3) 849.43
Fundamental point of view :
TSLA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.10%, which is quite impressive and the Altman-Z score of 16.91. This indicates that TSLA is financially healthy and has little risk of bankruptcy at the moment.
TSLA's Return On Assets of 3.90% is amongst the best of the industry. TSLA does better than the industry average Return On Assets of 0.02%.
The shift to electric vehicles will force huge changes in the auto industry and require EU backing for 'reskilling' programs to help workers prepare for a zero-emission future, according to a report published on Tuesday.
The Platform for Electromobility, an industry group, said a report by the Boston Consulting Group showed by 2030 European auto industry employment will drop by less than 1% from 5.7 million people today amid the transition to electric vehicles. according to Reuters
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
TSLA heavily shorted by Michael Burry!SCION ASSET MANAGEMENT, the hedge fund owned by Michael Burry - the man who bet against the housing market in 2008, if you are too young, you know him from "The Big Short", is now heavily betting against TSLA!
He owns puts on Tesla for 35% of his portfolio, with a market value of $731,017,000!
Besides the strong competition that TSLA has now in the EV sector, the U.S. National Transportation Safety Board would open an investigation into a fatal crash earlier this month involving a Tesla vehicle in Florida that led to the deaths of two people.
My first price target is 690, but it can drop even further, to 601usd.
TSLA sell or not? NASDAQ:TSLA
Based on my technical analysis , price is currently in a bullish move.
On july, It recently broke out of the bearish trend line .
After the break it retested and continued bullish
However, as you see, I discoverd bearish crab pattern in the chart.
Considering the 4 cases, I drew the arrows in 4 different colors.
check the circle's price range
As the arrow described, TSLA will be correction and try to breakout resistance zone.
Or it try to breakout without correciton
As guess, 778~821 will be resistance zone
Let us wait and see what happens
Please do your own research before putting your own money into the markets.
smash a Like button and leave a Comment, I appreciate every support.
Any feedback and suggestions would help in further improving the analysis
Goodluck :)
TSLA aka TESLA Trading IdeaG'day Guys
It's another week for trading. Today we going to analyse what is going on on Tesla Stocks and make some predictions next direction.
Let's slice analysis in a different perspective which is this gonna be crucial to make sure our predictions reaching an optimum possible result.
Based on the Daily Time-frame perspective, we clearly see the market is exhausted struggling to keep track heading at 785.64 Price tag which is the previous high. Personally, I was able to see that this pair gonna struggling due to a few levels of strong resistance that easily rejecting each uptrend try.
In 4 hour perspective, we are able to see the first obstacle will be 723.67 price tag which has been rejected three times and most likely, this stock gonna build up a sideway zone between 723.67 and 653.92 zone
On the downside, breaking the orange support trendline gonna provide this stock with has a high probability develop a solid downtrend looking for 540.00 prices. From an upside perspective, we gonna see a struggle to keep uptrend momentum to be completed.
The decision is in your hand, once you are able to dance with the market and gain huge profit on this stock.
During this pandemic, offline businesses getting struggle to maintain, yet online businesses such as financial market trading gonna diversify your cash flow to the next level.
Interested in gaining proper knowledge to make money from Financial Market?
Just DM me
Bearish TSLA Forecast 'Twitter'
I'd say I'm not a fan of microchips or RFID anywhere near the human body, for that matter my sentiment of TSLA becoming bearish will take hold.
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TSLA: An impending 10% up side move?Broke out of a down trendline.
Had a 10+% surge up at end of July.
And price is not consolidating.
Anticipating another 10+% burst up soon. Perhaps a better time to enter is when the 20MA catches up.
Target profit also coincides with a resistance at about $780.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
TSLA long triangle, low volatily, last up leg before top?3 highs and 3 lows triangle, squeezing into a low volatility funnel. Imminent breakout confirmed.
Increase in volume confirmed.
Overall market sentiment - good. SPX at ATH.
Not an ideal RRR, but you can lower the stop and increase your size - personal preference.
Hold open till last target at 1000$. I would say probability around 66%.
TSLA - If Price Makes The News...If price makes the news, and not the other way around - then around August 12th, 2021 seems like the right time to release some company specific breaking news.
In TSLA's case, we have a ~6 month wedge forming that converges on 8/12/21.
Price is currently coiling in a tight range, and will need to resolve itself directionally within 2 weeks.
Look for signs of accumulation and watch what price does at the lows for clues.
TSLA 3/day and weekly Trend ReversalOn the weekly for tesla, we are seeing a trend shift on the trend bricks and all 3 trend meters. This is a good confirmation for an entry on a short position.
We will have a 3-day close also in the red.
I would look for an entry on a weekly close confirmation.
Great long-term potential setup.