$TSLA / LONG / SHORT IDEA
TSLA On Friday, July 7th, 2023, the Tesla stock experienced a decline of -0.763%, dropping from $276.54 to $274.43. Throughout the trading day, the stock fluctuated by 2.56%, reaching a low of $273.77 and a high of $280.78. Recent trends show that the stock has risen in 6 out of the last 10 days, resulting in a 3.71% increase over the past 2 weeks.The decrease in volume on the last trading day aligns with the stock's decline, which can be seen as a positive indicator since volume typically follows the stock. Specifically, the trading volume decreased by 7 million shares on the last day, with a total of 113 million shares bought and sold, amounting to approximately $30.92 billion.
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Currently, the Tesla stock is situated in the middle of a robust upward trend in the short term, suggesting further potential growth within this trend. Based on the current short-term trend, it is anticipated that the stock will rise by 74.23% over the next 3 months. There is a 90% probability that the stock will reach a price range between $412.14 and $499.14 at the end of this 3-month period.
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