Teslashort
Tesla : Watch out for the Trendline breakoutTSLA Have been holding the trendline in the daily timeframe for more than a year. The trendline looks to get week and breakdown of the trendline can take the stock's price to the green Zone supports..
Note : Setup will only get active after trendline gets broken
TSLA Stock Is set to EXPLODE Soon? | Must Watch Options/TAHi everyone, Technical Analysis can often be associated along with options strike analysis to help justify large moves in the markets. TSLA is currently coiling between a tight range and when it moves we have some great ideas of the next target prices.
TESLA SHORT TO $650 Following is the analysis of Tesla Inc coming in for the next few weeks/months.
1) Wave 1 started low at $70 in Dec 2019
2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $407
3) Wave 3 started on Sep 2020 and had a good run-up of FIB 127% from $407 to $900 ending on Jan 26, 2021
4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555
5) Wave 5 went ended at 1235 last November
Now we are in a correction (A-B-C) that's going to correct the whole 5 impulse waves
I believe we are only in Wave A and this might come down to 50% or 61%, since Tesla had a huge run-up in a very quick time I expect it to correct at 61% in the next coming months so those values are $789 and $650 that needs to be closely watched.
Appreciate feedback and omments, please share
Biggest fall for TESLA to come! In way to 640$ per share.Will Tesla fall??
No metter how long the day, the night is sure to come. Tesla have reached the higher prices in the few past months. No matter how much people hold a share they have to take profit, because every successful investor knows that after a sunny summer there is a hard winter..
We may not see the winter in the next few weeks, months. But, if TESLA start to buy it shares, in order to show that the inflation doesn't affect it, TESLA is going to lose a lot. The same situation happened with the Nasdaq a few months ago, now it went down Below 14K.
Some time it's hard to accept the reality, but i believe that: "A step back, can take you three steps forward".
Tesla Inc., called Tesla Motors until 2017, is an automaker of electric cars headquartered in Austin, Texas on the Colorado River in the United States. The name of the company is chosen in homage to Nikola Tesla, an American inventor and engineer of Serbian origin.
TSLA earnings in 2 daysIf you haven`t sold the double top:
Then considering the bearish market conditions, Tesla should reveal some amazing quarter earnings to justify its high PE Ratio of 308.
Meanwhile Elon Musk sold more than $15 billion worth of shares in the company since early November and said that he was "almost done" with his stock sales.
And most of the shares were sold above $1000.
Looking at the charts, i think that TSLA has entered a descending channel with a price target of $860 for this year.
TSLA Analysis and market prediction Hello everyone, as we all know the market action discounts everything :)
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Wall Street's main indices ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher U.S. Treasury yields and the Federal Reserve tightening monetary policy.
When comparing the yearly performance of all stocks, we notice that TSLA is one of the better-performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by TSLA over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 4 months ago.
TSLA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TSLA is lagging the market slightly.
In the last month, TSLA has been trading in the 886.12 - 1208.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Possible Scenario for the market:
The market is trading at 995.65 near the support level located at 989.12 where we might see a push back up to the first resistance near the 1120.00 range, but if the Bears were to keep control over the market then we will see a further drop that will reach the second support line located at 894.62.
The battle between the Bulls and Bears is instance right now, over control of the market direction. Notice how the Bears are pushing really hard in the last couple of days to drive the price down, and they were able to drop the price from 1109 to 995.
Technical indicators show :
1) The market is below the 5 10 20 50 MA and EMA (Bearish short-term) But still above the 100 and 200 MA and EMA (Bullish long-term)
2) The MACD is below the 0 line indicating a Bearish market, with a negative crossover between the MACD line and the Signal line.
3) The RSI is at 44.18 showing some weakness in the market, with no major divergence found between the indicator and the market.
Support & Resistance points :
support Resistance
1) 1007.45 1) 1062.18
2) 984.39 2) 1093.85
3) 952.72 3) 1116.91
Fundamental point of view :
TSLA's Return On Assets of 6.00% is amongst the best of the industry. TSLA does better than the industry average Return On Assets of -4.33% and TSLA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 174.51%, which is quite impressive.
Looking at the last year, TSLA shows a very strong growth in Revenue. The Revenue has grown by 66.27% and TSLA is expected to show a strong growth in Revenue. In the coming 5 years, the Revenue will grow by 35.52% yearly.
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.
TESLA BEARISH CHANNEL 20% SELL OFFTesla is currently facing a high level of volatility, now we can see that is respecting a descending channel forming new lower highs and lower lows. The current price (1090) represents a good position to enter for a sell, whit a tight stop loss above the new lower high formed (1130) and a take profit at the support zone (880).
Tesla Swing Trade: ShortThere is nice setup for short term counter trend swing trade on NASDAQ:TSLA , after 4 day rally.
Price is technicaly exhausted, thats confirmed by today down open and retested resistance level at 1102 where price fail to close above.
On daily chart current price of NASDAQ:TSLA is too stretched from its 5 day EMA.
Tomorrow price action at close also indicate weakness on buying side at higher prices
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Swing trade setup
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Entry: 1090
Stop Loss: 1103
Profit Target: 1029
Trade duration: 1-3 days
Elon Musk dumps another $1 Billion TSLA StockIf you haven`t sold when he got the answer "yes" on twitter for selling his shares:
Then you should know that Elon Musk sold another 934,091 TSLA shares, according to filings with the SEC published on Thursday.
The shares are worth $963.2 million.
Ark Invest also sold TSLA shares.
What is your next move?
Will the madness keep up? Or are we beginning a down trend? TSLAShort on Tesla so long as we stay below the yellow trend line not sure if it is ready to continue upwards without another retest at 1000 and perhaps a break here could lead back down to 900.
Tesla is a mixed bag. Increasing EBIDTA looks good. Decreasing debt looks good. Debt to Equity ratio decreasing. Solid company.
But the P/B and P/E ratios are high indicating that Tesla is overvalued.
There is clearly a lot of faith for the future put in Tesla, will the time come for it to drop back down to a more representative valuation or will the madness will continue some more?
Might add to my short if the RSI hits overbought on this run upwards, perhaps this is the highest we see the price before a dip to 1060/1000.
Let me know your thoughts below. Constructive criticism and alternative viewpoints are always welcome. Please leave a like if you enjoy my analysis :)
And as always
Good day to you :)