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Teslaanalysis

TSLA. Don't exit your longs just yet!TSLA has reached the target we set last week, but that's not all. There are many factors that suggest we should not exit our longs, at least not completely. But before I list those factors, let me first clarify that I'm talking about leveraged longs, not stock. If you own shares in Tesla, then I would not advise selling them, even if the stock price went down 50%. I'm talking about your trading position, not your long-term investment. Positive Indicators: Price gapping up for the past two days is a strong signal for bullish momentum. The shape of the last candle is bullish. The candle body is fully above the major resistance trend line in black. RSI still has more room to go up before it hits record high. Despite negative indicators which I will list below, TSLA is one of the safest stocks to hold when the whole market is red. Even though the entire market was struggling in the past two days, TSLA was going up very strongly, which suggests that if the market was doing well in general, we would've seen even more gains. This is a sign of strength and real demand. Negative Indicators: TD Sequential on the daily shows that the last candle is a green 9, which is a sign of reversal. The way to trade it is you take profit, and wait until you can identify the direction of the next momentum. However, historically, TSLA has not responded well to such reversal signals. On the weekly, TD Sequential shows the last candle as a green 8, which means there is one more week to the bullish momentum to go before it is exhausted. The problem is we can't tell whether the 9 candle will be green or red. Combined with the daily signal, the way it could play out is that we get a red weekly candle that completes the 9 count. We see general weakness in TVC:SPX and signs of the start of a bullish momentum in TVC:DXY . Now when DXY is going up, it means that the dollar is becoming more valuable, so people start cashing out of their positions, which affects the stock market negatively. However, like I said earlier, TSLA has proven to be one of the safest stocks to hold when fearing a market drop or correction. The last candle stopped at exactly the crossing of two Fib lines that I drew a long time ago. One is horizontal, and the other is descending. So I feel like there are too many resistance points there. The Trade: In my chart, I have a big black thick broadening wedge. I have a small ascending parallel channel that starts from Nov 2020 and has already been broken upwards. I have a descending Fibonacci retracement just above the last candle. This line has not been tested so we cannot be confident that it will resist the price. I'm assuming that it will resist it, together with the broadening wedge. I also assume that the top of the parallel channel can hold the price if it drops. I'm also assuming that the bottom will come after four daily candles. That is the typical correction time expected after a TD sell setup completes on a 9 candle. The correction could finish sooner of course. I picked my stop loss to be the bottom of the last full green candle. That is at $722.90, which also crosses the top of the parallel channel. A lower stop loss is at the bottom of the parallel channel and is below all the gaps. If gap-filling OCD is your thing. My target is the next descending Fib line, so it is around $1050. I've drawn two paths that are conservative, in my opinion, on where price might be heading based on my trend lines. Notice the similarity of this candle to Friday 10 July 2020. It was also a green 9. RSI was at a similar level. It was followed by a red candle, some sideways movement for a month, which calmed down the RSI, and then of course a new bullish momentum followed. The conclusion is that even though a small pullback is expected, it will be very hard to trade, very hard to call the bottom of the swing, and it's a much better option to hold your longs, or simply move your stop loss higher; because after all, TSLA might just do what it's been doing for the past year, ignore all the reversal signals and gap up!
NASDAQ:TSLALong
by TechNerdOmar
6
Bearish divergence on TESLAThere is a bearish divergence between the price and RSI (as well as Stochastic, not on the chart). MACD has been in overbought territory for quite sometime now. This doesn't mean the price has to go down but since there are a few indicators pointing to a move down as well as the fact the price is now at the top of the channel, I would not be surprised if TESLA revisited the lower line of the current channel, around $670-$690. I sold some shares for a huge profit at $700 and $716 (bought at $422). If the price retraces to the lower line of the channel I will add more to my position. My strategy for TESLA is to hold shares for the long term and take advantage of the big swings to trade a few shares and keep some profits in my pocket. ***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!*** ***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
NASDAQ:TSLA
by Safe_Trades
8
Almost 30% Tesla correction Tesla has been in a steep uptrend since it broke out from the $500 zone at the end of November and price seemed to be overstretched at the moment. I think Tesla will hit between $710-$720 before finally triggering a huge selloff for a correction back to the $500 zone. Price is forming a rising wedge, showing bearish divergence, and it has yet to retest the $500 zone it was struggling to get past before late November. I would never sell Tesla but I'll definitely be looking for buys around that $500 zone that should become a new support.
NASDAQ:TSLA
by StealPipsSal
US Stock In Play: $TSLA (Tesla Inc)$TSLA has recaptured its all time high (traded on 18th December 2020) at the close of this morning session at $696.60, an intraday gain of +4.32% This totals up a +56.02% rally since the breakout of its Symmetrical Triangle chart pattern. Price volatility of $TSLA has been picking since early December as Wall Street braced for the inception of $TSLA into S&P500 on 18th December, with the necessary funds (i.e Physical ETFs) adjustments to match the benchmark’s shakeup. As current price volatility remains significant at a range of $34/day ATR-14, $TSLA has treaded into a month long consolidated Bearish Wedge chart pattern. The negation of this Bearish Wedge would require $TSLA to attain $720 level within the next 10 trading session.
NASDAQ:TSLALong
by jfsrevg
1
Sorry Elon Musk! The BIG SHORT for Tesla? This analysis is based on Elliott Waves and fundamentals. Have a small profit target or a break-even and let your profits run. I have just three questions: Tesla is one of the top biggest car companies in the world? How many sales they have actually? Is this an illusion? For more information contact me on my website: vitezabraham.com Best wishes, Vitez Ps. Always do your own research before taking any trades and only risk what you can afford to lose.
NASDAQ:TSLAShort
by Vitezabraham
3
MTF killer zoneThis MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful . The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the near future (3 to 4 days or periods in this example). You can use it as a target if you already have an open position in the market, or using a time frame for entry and another for target. I can send for you on request different time frame the MTFkillerzone, such as weekly and monthly also good for yearly. I recommend to use it only major pairs, also any other financial instrument ( Commodities , indices, bonds, and equities) . Enjoy the setup please! :)
NASDAQ:TSLA
by ghattas360
Tesla "Long"As announce today and based on the dilution decision of the Tesla to sell some of its shares of its company for 5 billion $ value what is the meaning of that for stock holders? As Tesla is investing in Berlin and Texas for new factory lines and consecutively higher production rates, this 5 billion dollar absorption of Finance has a clear asset value and debt reduction of Tesla within 3 months. This perhaps will lead to risk reduction and lowering of current debt ratio of the company. The positive side of point of view is that now each stock has a higher value with 5 billion dollar cash flow in. Though it seems a dividend dilution for investors but in fact this strategy is a risk management approach for higher production rate and especially for future. With this move not only the current valuation make more sense but it also will have a long term impact for holders. In addition, with S&P joining in 14th and 21th of December higher means of support for this company will be provided and will bring a positive insight especially for emergence of Electric vehicles, new batteries and solar energy products in prospective years.
NASDAQ:TSLALong
by hesamjafarian
TESLA at $700 before end of year?TSLA stock is very bullish just after the announcement of its S&P 500 inclusion. Why $700? I just found an old similar pattern... Your comments are welcome. ############## Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
NASDAQ:TSLALong
by ymarkets
TSLA: Tesla Gets Added to The S&P500Tesla (TSLA) is a one-of-a-kind electric vehicle company that is listed on the NASDAQ exchange. Just now, it has been announced that the stock will be added to the S&P500. In this analysis, we’ll take a look at the fundamentals of the company, as well as what this news means for Tesla. Some of the information in this post is based on the analysis I wrote in March. S&P500 Requirements - There are certain requirements a company must fulfill in order to be added to the S&P500. - The company must be a U.S. Company - Must have a market cap of at least $8.2 Billion - Must be highly liquid - Must have a public float of at least 50% of its shares outstanding - Its most recent quarter’s earnings and the sum of its trailing four consecutive quarters’ earnings must be positive. Tesla had a hard time fulfilling the last part of the requirement, as it was not profiting for a while. They demonstrated increasing revenue, but a lot of their profits were reinvested into building infrastructures/gigafactories, and R&D. Fundamental Analysis - Despite the Corona Virus (COVID-19), Tesla has managed to manufacture and deliver record-high number of vehicles for 2020 - Tesla ended 2019 with 6 Billion Dollars, and early this year, they raised an additional 2 Billion through stock offering - This indicates that Tesla had enough money to go endure the chaos caused by the viral outbreak - Tesla is one of the biggest beneficiaries of the Zero Emission Vehicle (ZEV) credit regulations, racking up huge ZEV credits that other automotive companies pay billions to purchase - In March 2020, Tesla has taken up 25% of the Chinese EV market, and further domination in arguably one of the most important markets is anticipated. - With Biden’s winning the election almost being certain, it’s anticipated that Tesla will heavily benefit from Biden’s green policies. Arguments against Tesla - Tesla has a negative Earnings Per Share ( EPS ). Negative earnings are a red flag for value investors - Tesla's operating margin is arguably too low, and not enough to be profitable for the long term - Tesla's Debt to Equity ratio is quite high, and is a reason for concern, as it suggests that Tesla is a higher risk investment - While gross income growth of Tesla for the past three years have been great, these are not sustainable numbers - There are arguments against Tesla's management; some argue that Elon Musk gave himself too big of a compensation package - This is concerning to investors, as the company has still not turned an annual profit. - Most of the arguments against Tesla are in regards to their rather questionable financials, which they have now proven to be solid by being added to the S&P500 Future Projections - While the Electric Vehicle ( EV ) Market continues to grow, Tesla's market share remains at 17~18% of a rapidly growing industry - Tesla's gigafactories have shown unprecedented progress in terms of how fast the factory was built, as well as the automated manufacturing process - Tesla has billions miles of autonomous driving data, which is more data than any other player in the market for self-driving cars - Based on the vast amount of data, Tesla's self driving cars will allow the company to generate software-company-like margins - Tesla has better battery efficiency compared to combustion engine cars, and can still benefit from economies of scale - According to EV experts, Tesla's vehicles are at least 4-5 years more advanced than those of its competitors. Technical Analysis - We can look at the daily chart for some insight regarding technical analysis - Tesla is notorious for ignoring a lot of the technical signals that appear on the chart. - As it’s more driven by news and fundamental developments, it’s best to merely reference the technical aspect. - We can see a clear uptrend marked by the ichimoku cloud support - Prices trading above the 100 Simple Moving Average (SMA) is a bullish sign - We can see that we have never broken below the 200 SMA since Nov. 2019 - As we consolidate in a bullish pennant pattern, bullish news is likely to cause a breakout near the apex of the pattern. Summary In summary, Tesla is not for the average value investor, seeking to purchase stocks at an undervalued price. It is, however, for the investors who know how to value the company by future expectations. I believe that Tesla is an automotive company to the same degree as Amazon is a bookstore. There is a lot more potential in the fundamentals of this company that many fail to recognize, and despite the short term hardships it may face, the innovative values that Tesla prioritizes is what brought the company to the S&P500. This obviously isn’t the end for Tesla. From a conservative view, I can see the stock easily double in price from these levels. A lesson to take from this investment is that if you have an in-depth understanding of the asset or security you invest in, despite volatile price actions and bearish news, the patience of holding can greatly reward you. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
NASDAQ:TSLALong
by Michael_Wang_Official
45
Tesla long buy chartsConsidering i am long and currently hold 13 shares in my portfolio (for disclosure purposes) i have and extra buy zone for Tesla included. Normally I wouldn't sell Tesla and would just recommend buying when it goes down, if you are swing trading these are zones that could be useful. The most optimal buy zone is started at 318 and below. Most likely it is unlikely we see Tesla dip that far is still is a possibility that investors would be foolish to not jump on when the time comes. The second zone starts at 319-382. If you would like to add small amounts to your position 393-420. 421-447 is a holding zone and upwards from that is where you should start taking profits
NASDAQ:TSLALong
by infamouskicker