TSLA trade ideas
TSLA Weekly & Daily Tech: Key Resistance with Breakout PotentialTSLA Weekly and Daily Technical Outlook: Approaching Key Resistance with Breakout Potential
Weekly Perspective
TSLA is nearing a critical resistance zone starting at $271/$278, and while the technical indicators are mostly bullish, a potential breakout could render some of the oscillator signals less relevant.
Oscillators: The RSI (14) stands at 59.09, indicating the stock is nearing overbought conditions but still within neutral territory. However, if TSLA breaks through the $271/$278 resistance, this indicator may quickly enter overbought territory, signaling strong upward momentum. The MACD Level (12, 26) at 8.40 is currently giving a sell signal, reflecting potential short-term weakening, but a breakout could invalidate this and lead to renewed bullish momentum. On the other hand, the Momentum (10) at 11.86 already signals a buy, suggesting a building upward force that aligns with the possibility of breaking through the resistance.
Moving Averages: All moving averages show strong buy signals, reinforcing the bullish sentiment. The 10-period EMA at $118.36 and the 200-period EMA at $49.39 both indicate strong support at various timeframes. Given the upward momentum and moving averages in buy territory, the key test will be whether TSLA can break the $271-$278 resistance. A successful breakout would diminish the importance of current oscillator signals, as the stock could enter a new bullish phase.
Overall, while oscillators like the MACD suggest caution, a breakout through the $271/$278 level could trigger significant upside potential, rendering short-term signals less relevant.
Daily Perspective
On the daily chart, TSLA is similarly approaching the critical $271/$278 resistance level, and momentum indicators suggest potential for a breakout.
Oscillators: The RSI (14) at 58.39 is hovering near the upper end of neutral, suggesting that while the stock is nearing overbought territory, it still has room to push higher. The MACD Level (12, 26) at 1.60 and the Momentum (10) at 8.92 both give buy signals, indicating strong upward momentum in the short term. A breakout above $271/$278 would likely accelerate this momentum, causing oscillators like the Awesome Oscillator and MACD to strengthen further. In this case, the typical resistance offered by these signals may be less impactful as the stock enters a more aggressive bullish trend.
Moving Averages: All moving averages continue to show a strong buy across different timeframes. The 10-period SMA at $121.11 and the 50-period EMA at $117.52 indicate solid upward pressure and support. As TSLA approaches the $271/$278 resistance, the moving averages reinforce the stock’s ability to break higher. A successful breach of this zone could lead to a rapid shift in market sentiment, with moving averages leading the charge into further bullish territory.
Conclusion
TSLA is rapidly approaching a critical $271/$278 resistance level, but its bullish momentum suggests the potential for a breakout. If the stock surpasses this resistance, current oscillator signals—particularly those showing caution, like the MACD—could lose significance as TSLA enters a new phase of upside movement. With strong support from moving averages and positive short-term momentum, a breakout would likely accelerate the uptrend, pushing the stock to new highs.
Disclaimer: The information provided in this analysis is for informational purposes only and should not be considered financial or investment advice.
TSLA been consolidating for months now. Should see a rally.TSLA trigger could be Oct 10 ROBOTAXI event. Charts setting for rally over 300$ first target.
That move should be the start to fly.
CAUTION : Might want retest the 234 level sometime next week before we fly. But that could be the last chance below 250$.
*** NOT A FINANCIAL ADVICE. JUST FOR EDUCATION PURPOSE ONLY ***
Tesla Wave Trading Unlocked: Easy 30-Minute BreakdownI was all set for Tesla to move downward, but things didn’t go as planned. Now, I’m switching gears and ready to explore an exciting potential rally instead! I’m keeping a close watch as Tesla inches closer to those crucial resistance levels, especially the $272-$278 zone. Every resistance level is a new chance for us to take action, and I’m right here with you for each twist and turn. Together, we’ll see how Tesla responds—will it break through or meet resistance? Let’s dive into this thrilling market journey, because I’m fully committed to helping you stay ahead and make the most of every opportunity!
TSLA: Buy ideaBuy idea on TSLA as you can see on the chart because we are in an oversold zone on a 15 minute time frame. This will also be confirmed with the forceful breakout of vwap and RL.
#Tesla Analysis : More Fall Ahead ? (READ THE CAPTION)By analyzing Tesla's weekly chart (logarithmic), we observe that after a correction down to $209, the price experienced renewed buying pressure and was able to climb back up to $265. Once the price reached this significant supply level again, it faced selling pressure and has, so far, corrected down to $240. I expect that if the weekly candle closes and stabilizes below $242, we may see further correction in this company's stock.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Long Term Tesla - Big Accumulation !Long term Technical suggest we are in a Up Trend on Angle 6.
Green UMVD & GREEN TrapZone at the moment with Very WIDE Ranges on the Daily.
Will post hourly for swing analysis as a thread next. What are your thoughts ?
TSLA for Tomorrow Trading 10/4/2024Current Price Action:
TSLA is trading within a descending channel, indicating a bearish trend. The stock closed near $235.67 after retesting the lower trendline of the channel.
There appears to be a slight consolidation near the lower boundary of this channel, suggesting that TSLA might be finding short-term support around this level.
Key Support Levels:
$235.50 - $236.00: Immediate support zone, also close to today’s low. This could act as a base for a potential bounce if sellers ease off.
$230.00: A psychological level and potential strong support, in case TSLA breaks below the current support.
Key Resistance Levels:
$241.50 - $241.80: The closest resistance level. TSLA needs to reclaim this zone for any potential upside movement.
$245.00: Further resistance, and the top of the descending channel. If TSLA can break above this, we could see a bullish reversal.
Potential Entry/Exit Points:
Entry (Bullish): A break and hold above $241.50 could be a good entry point for a potential reversal towards the upper channel, targeting $245.00 or higher.
Entry (Bearish): If TSLA breaks below $235.00, it could signal further downside momentum. In that case, a short entry targeting $230.00 would be strategic.
Exit (Bullish): If entering on a break above $241.50, a safe exit near $245.00 or higher (around $249.00) would align with prior resistance levels.
Exit (Bearish): If entering below $235.00, consider exiting around $230.00, as this could act as strong support.
Directional Suggestion:
Bearish Bias: With TSLA trading in a descending channel and volume not indicating a strong reversal, it’s likely that the bearish trend could continue, at least in the short term. Watch for a potential breakdown below $235.00, as it could lead to further downside.
Bullish Reversal?: A break above $241.50 could trigger some bullish momentum, but confirmation will be needed with strong volume.
Suggested Strategy:
Short-term traders may look for opportunities to scalp between the key support and resistance zones.
Swing traders can wait for a clear break of the channel—either above $245.00 (for bullish moves) or below $235.00 (for bearish moves)—before taking a position.
TSLA Good R:R shortTesla is approaching a important resistance point, good risk reward to short here.
Entering around 266,
Target 1 : imbalance at - 252
Target 2 : bottom of zone - 235
$TSLA Very bullish stock chartNASDAQ:TSLA basing action around $230 on good volume is showing bullish signs. If it can break $233 on higher volume, we can see higher prices.
Tesla 234? Maybe so MUST WATCH Good morning Traders
Check out this weeks video MUST watch
Will we get to 134-135? That is the question
Any questions let me know
MB Trader
TSLA : Mixed Signals Suggest CautionNASDAQ:TSLA : Mixed Signals Suggest Caution and Short-Term Downside
The technical analysis for TSLA provides a mix of signals, with several indicators pointing to a potential short-term downside. Key indicators are outlined below:
Relative Strength Index (RSI 14): Current value 40.38 – Neutral, indicating that TSLA is neither oversold nor overbought, but closer to oversold territory.
Momentum (10): Current value -2.83 – Signaling a bearish trend with downward momentum, reinforcing a sell recommendation.
MACD Level (12, 26): Current value -1.92 – Offers a buy signal, suggesting potential for a reversal despite current bearish momentum.
Bull Bear Power: Current value -3.07 – Indicates selling pressure is dominant, aligning with the downward momentum signal.
Moving Averages (Exponential and Simple for 10, 20, 50, 100 days): All show sell signals, reflecting bearish sentiment in the short to medium term. However, the 200-day moving averages (Exponential 244.39 and Simple 243.68) give buy signals, indicating long-term support remains intact.
Conclusion
Despite some long-term indicators such as the MACD and 200-day moving averages pointing toward a potential recovery, the current short-term signals are bearish. The momentum, Bull Bear Power, and moving averages suggest that TSLA could see further downside pressure in the near term. Investors may want to exercise caution, as the stock could continue to trend lower before finding stronger support levels.
Recommendation: Neutral in the short term, with potential for reassessment as long-term support levels hold.
Disclaimer
This analysis is for informational purposes only and is not financial advice. Always conduct your own research or consult a financial advisor before making any investment decisions.
TSLA: Buy ideaBuy idea on TSLA as you can see on the chart if only if we have the breakout with force the resistance line by a big green candle.
TSLA: 125% gains Best Level to BUY/HOLD 🔸Hello traders, today let's review 4hour price chart for TSLA.
Currently a mixed package overall with limited upside potential,
I don't recommend entering any buys at current price.
🔸Ongoing accumulation since May 2023, significant lows printed
in April 2023 / 2024, so I'm tagging April 2025 as a potential reversal
for TSLA / bottom buying near range lows totally makes sense.
🔸Accumulation range defined by range lows at 175 usd
and range highs at 255 usd. premium prices below at 145/165
and above at 280 and 305 usd.
🔸Recommended strategy bulls: expecting pullback based on measured move projection set to extend further down towards 175 usd. currently
trading at 250 usd, no entries recommended on buy side. This is a
trade setup for patient traders. may take more time to develop.
conservative target is 350 USD, so +125% gains off the lows.
🔸Finally, check out the TSLA related story below and let me know
in the comments section if you'd like to get more updates like this.
Don't forget to follow/like/comment, this is much appreciated.
Year 2030. Tesla coupe safely lands on Mars. Exploration mission
starts in April 2030.
▪️ In this fictional tale in 2030, Tesla founder Elon Musk and his wife Grimes make a historic landing on Mars, marking a new era in space exploration.
▪️ Upon arrival, they establish a settlement called "New Teslaville," aiming to turn it into a sustainable colony for future generations.
▪️ Their first day involves setting up essential infrastructure, including solar panels, an oxygen generator, and a Mars rover.
▪️ The next day, they plant a Tesla flag on Mars, signifying humanity's first successful landing on the red planet.
▪️ On day three, Musk shares a heartfelt message about the importance of space colonization for humanity's survival.
▪️ After a successful first week, they receive a message from Earth, indicating the start of the "New Mars Era" and their status as the first Martian settlers.
▪️ The couple ends their week by enjoying the Martian sunset in a Tesla coupe.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
TESLA Under Pressure! SELL!
My dear friends,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 260.65 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 242.66
Recommended Stop Loss - 269.75
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
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A more active management portfolio strategy, this method tries to exploit short-term market conditions. It involves shifting percentage holdings in different categories to take advantage of market pricing anomalies or strong market sectors.
Diversification
In the complex world of investing, understanding how to balance a portfolio is key. Diversification is the guardian against unpredictability. It is the art of spreading investments across various assets or sectors, ensuring that potential adverse events in one area won't unravel the entire portfolio's performance. Essentially, diversification is the protective shield that buffers against market volatility, offering a more stable and consistent growth path for traders.
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TSLA's TA on October 3, 2024Price Action:
TSLA is trading in a descending channel after a sharp sell-off on the hourly chart. The overall sentiment appears bearish, and it's currently consolidating near the lower end of the range around $249 - $251.
There was a strong rejection from the recent high around $264.86, marking this as a significant resistance level going forward.
Key Levels:
Support:
The immediate support level is around $244. This is a critical zone because if it breaks below, the next level to watch is $241.49 and potentially as low as $239.
If these support zones don't hold, we could see a move down towards $230 - $235.
Resistance:
The first major resistance to the upside is $251.60, with another key level at $260. These areas could be tested if there's any upside recovery.
The ultimate strong resistance is around $264.86, which aligns with the previous rejection zone.
Entry and Exit Points:
Entry for Long: Look for a bullish reversal pattern or breakout above $251.60 with volume confirmation, targeting the next resistance at $260. You could set a stop loss below $249 to protect against downside risk.
Entry for Short: If TSLA breaks down below $244, you could consider shorting, aiming for the lower targets at $241.50 or even $239.
Order Blocks & Volume Profile:
The volume profile shows a high concentration of traded volume around $249 - $251. This means it’s a key area to watch for consolidation, and the direction TSLA takes out of this zone could indicate the next big move.
Momentum Indicators:
MACD and stochastic shows the selling pressure seems to dominate, so keeping an eye on volume is crucial to detect any possible reversal.
Overall Bias:
TSLA remains bearish as long as it stays below $251.60. There’s a potential for a further pullback unless it can reclaim key resistance levels like $260. Keep in mind potential market catalysts that could drive price action beyond technical levels.
Tesla with a inverted H&SThere are a lot of uncertainty in the markets these days. But if we can break out of the current range, then we could see the head and shoulders pattern play out.
The first target would be to hit new all time highs and thereafter the full target of the H&S.
But first we need a breakout on increased volume and possibly a retest of the neckline and/or the trendline.
TESLA pulling back on Q3 deliveries. Is there a reason to panic?Tesla (TSLA) opened considerably lower today as they announced Q3 deliveries of 463000 units, below the heightened expectations of around 470,000 from the buy-side and just slightly above the consensus estimate of 462,000. Is this a typical market overreaction on data or the start of a stronger correction ahead of the Robotaxi event next week?
Well from a technical standpoint, our thesis on Tesla is well known and hasn't changed since the August 15 update (see chart below), where we called for a $380 target within the long-term Channel Up:
Even on the more short-term 1D time-frame, we can see that the stock is respecting a Channel Up pattern that started on the August 05 bottom and for the past 30 days has been supported by the 4H MA50 (blue trend-line).
The last correction like the one we're having this week, was from August 20 to 28, which then rallied by +30.50%. As a result, the minimum Target now for November is $310.
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TSLAA short can be considered in wave C, which is completing the larger triangle, but only if we take into account that wave E of the triangle hasn’t already ended earlier
Tesla Stock Slips as Deliveries Miss ExpectationsTesla (NASDAQ: NASDAQ:TSLA ) saw a notable decline of 5% in early trading Wednesday following the release of its Q3 2024 delivery and production numbers. While the electric vehicle (EV) giant reported 462,890 deliveries—slightly above analysts' predictions—investors had anticipated higher performance, leading to a sell-off. This drop brings NASDAQ:TSLA down to $244.86, reflecting the ongoing battle between Tesla’s robust market presence and increasing competition from global automakers.
Q3 Delivery Report: Falling Short of the Hype
Tesla (NASDAQ: NASDAQ:TSLA ) delivered just under 463,000 vehicles in Q3 2024, surpassing the 461,000 estimate, but investor sentiment seemed to have set loftier expectations. The production numbers were similarly positive, with Tesla (NASDAQ: NASDAQ:TSLA ) producing 469,796 vehicles, up from the 430,488 vehicles produced a year ago. Despite this growth, the stock slipped as the market had expected a more substantial increase to sustain the company’s valuation, which had already jumped 32% in the previous quarter.
Analysts from Wedbush described the report as "a step in the right direction" but also noted that some investors may have been looking beyond these delivery figures, anticipating the October 23 earnings report and the unveiling of Tesla’s much-discussed "robotaxi." Still, Tesla faces ongoing headwinds, especially in the competitive EV landscape.
Competition Heats Up
Tesla’s dominant position in the EV market is increasingly challenged, especially by Chinese automakers like BYD and Geely, as well as emerging rivals Li Auto and Nio. In the U.S., Rivian, Ford, and General Motors are all making headway into the EV space, with GM recently reporting a 60% year-over-year increase in EV sales. Even with Tesla maintaining a significant lead in the U.S. market, these rising competitors are placing pressure on its growth trajectory.
Tesla’s lack of specific delivery guidance for 2024 raises additional concerns. Although the company’s sales are growing, its ability to maintain such momentum amid fierce competition is in question. Analysts will be closely watching Tesla’s October 23 earnings report, with a particular focus on profit margins and how Tesla navigates the balance between maintaining its market share and controlling production costs.
Technical Analysis: The Chart Speaks Volumes
On the technical side, NASDAQ:TSLA ’s stock is showing signs of weakness. As of the time of writing, the stock has dropped 3.57%, with a Relative Strength Index (RSI) of 57.43—an indicator that the stock is losing its buying momentum and moving closer to a neutral or selling zone. While Tesla (NASDAQ: NASDAQ:TSLA ) remains above its 50-day and 200-day moving averages, suggesting underlying strength, the dip in RSI indicates potential volatility.
Tesla’s ability to stay above key moving averages amidst such market pressure will be critical in determining its next moves. Investors should keep an eye on whether the stock can sustain levels above its moving averages or if further selling pressure will drag it down into a correction territory. As the market awaits the earnings report later in the month, these technical patterns could provide a roadmap for short-term traders.
Tesla’s Future: More than Just Deliveries
Tesla’s long-term growth story remains intact, bolstered by innovations like self-driving technology and upcoming projects like the robotaxi. However, the EV maker must continue to outpace competitors and reassure investors that it can meet growing demand without sacrificing profitability. As the global EV market matures and competition ramps up, Tesla’s ability to innovate while maintaining healthy margins will be the key to its future success.
In conclusion, while Tesla’s Q3 delivery numbers met expectations, they fell short of the hype, leading to a sell-off. The stock remains technically strong, but investors should be cautious as it approaches critical RSI and moving average levels. With earnings just around the corner and Tesla’s next big product reveal on the horizon, the coming weeks will be pivotal for the company’s stock performance.
TSLA Approaching Key Breakout: Targeting $410Tesla (TSLA) is approaching a critical technical juncture, nearing a multi-year resistance trendline that has capped previous rallies. With strong momentum and improving fundamentals, a breakout above this level could signal a significant upside move, positioning TSLA for a potential rally toward $410. The company's continued innovation in EV technology and expanding energy division offer further growth catalysts, making it an attractive opportunity for bullish investors. A clean break of this resistance would confirm the bullish trend and open the door to new highs.
Disclaimer: These are my personal thoughts and not financial advice. Please do your own research before making any investment decisions.
