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TESLA INC COM USD0.001

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Whether TSLA might be bullish tomorrow?whether TSLA might be bullish tomorrow, let's consider several key factors: Current Price Action: The price is currently around 236.60, which is slightly above the Value Area Low (VAL) of 235. This can indicate a potential support level, where buyers might step in. Volume Profile: The significant volume traded around the POC (246) suggests a strong area of interest. The current price being below this level can indicate that there is potential for a bullish move if the price can reclaim this area. Trend Analysis: The recent trend has been bearish with a significant drop in price. However, after a significant drop, it's not uncommon to see a corrective bullish move or a bounce as traders look to buy at perceived lower prices. Indicators: MACD: While the MACD has been bearish, there are signs of potential reversal as the histogram starts to turn positive. This could indicate a slowing down of bearish momentum and potential for a bullish reversal. Volume: Increased volume on the down move indicates strong selling pressure, but if volume starts to decrease on further declines or increases on upward moves, it could signal a shift towards bullish momentum. Market Sentiment and News: External factors such as market sentiment, news about Tesla, or broader market conditions can significantly impact the stock's direction. Bullish Indicators to Watch For: Support Holding at VAL (235): If the price holds above 235 and shows signs of bullish reversal (e.g., bullish candlestick patterns, increasing volume), it could indicate that buyers are stepping in at this support level. Break Above POC (246): If the price manages to break above 246 and sustain, it could indicate a stronger bullish momentum, targeting the VAH (260) and higher. Reversal Patterns: Look for reversal patterns such as a double bottom, hammer candlestick, or bullish engulfing pattern near support levels. Plan for Bullish Scenario: Entry: Consider entering a long position if the price holds above 235 and shows signs of a bullish reversal or if it breaks above 246. Targets: Initial target at 246 (POC), then 260 (VAH), and potentially higher if bullish momentum continues. Stop Loss: Place a stop loss below recent lows (e.g., below 228) to manage risk. Conclusion: While there are potential indicators of a bullish move, the overall recent trend has been bearish. To confirm a bullish scenario, look for signs of support holding, reversal patterns, and increased volume on upward moves. If these conditions are met, it increases the likelihood of a bullish move. Monitoring the price action and volume closely tomorrow will provide more clarity. If you see these bullish indicators, it could be a good opportunity for a long position. However, always be prepared for both scenarios and manage your risk accordingly.
NASDAQ:TSLALong
by BullBear-Insights
TSLA: AnalysisOn TSLA yesterday around 3:30 p.m. we had the vwap indicator break with force by a large red candle accompanied by a large red volume and the market went downward. Furthermore, regarding our analysis today, we can say that if however the vwap indicator as well as the resistance line are broken forcefully by a large green candle accompanied by a large green volume we can consider to have an upward trend. On the other hand, if it is the support line that is broken forcefully by a large red candle and followed by a large red volume, there could be a reversal of the trend. Let's be vigilant...
NASDAQ:TSLA
by PAZINI19
6
Tesla's Shocking Plunge: Is the Bubble Finally Bursting?This is a Walk through of How i Took Advantage of the Giant Move on TSLA Current Price Action: The current price is $240.89, reflecting a decrease of $7.20 (or 2.90%). Liquidity Zones (LQZ) / Take Profit (TP) Levels: There are two marked LQZ/TP levels: LQZ/TP 1 at $263.53 LQZ/TP 2 at $270.21 Support and Resistance: Multiple dashed lines indicate key support and resistance levels: $138.36, $142.18, $145.51 (support zones) $159.45, $168.98, $173.21, $175.92 (support/resistance zones) $260.27 (resistance) $300.01 (resistance) Trend Lines: A downward-sloping trend line (dashed blue) from previous highs suggests a long-term bearish trend. Price recently broke above this trend line, indicating a potential change in trend or a strong bullish move. Candlestick Patterns: Recent candlesticks show a strong upward move followed by a pullback, which is typical after a strong rally. Volume: Volume is indicated, with the latest volume bar showing 6.468 million shares traded.
NASDAQ:TSLA
by Adlercon333
TESLA Buy the dip, correction nearly over. $285 next short-term.Tesla (TSLA) is bleeding hard today but that shouldn't if you got on that rally early like our June 13 (see chart below) buy signal suggested while the price was still trading in the low 180s: Our long-term Target remains $400.00 and today's sharp correction is nothing but a strong technical buy opportunity. In fact, this pull-back is not stranger to Tesla. The stock has seen a similar rejection near the 2.0 Fibonacci extension during its May - July 2023 rally on the June 21 2023 High. As you can see, the price declined by -13.00% back to the 1.382 Fibonacci level. At the time of the (temporary High), the 1D RSI was at 89.00, roughly where it got rejected today. The price recovered when the RSI was at 57.00. As a result, from a R/R perspective, it is worth taking another buy on the current market price and target the 2.236 Fib extension (similar to the JUly 19 2023 High) at $285.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2
Tesla : Approaching Key Resistance Level After Strong RallyBy analyzing #Tesla 's stock chart, we observe that after hitting the first bearish target last time, the price rose again. However, this time, the price did not drop from that level as we expected. Instead, it managed to rise powerfully to $260! Currently, Tesla is near a significant resistance level, and we need to wait for the initial reaction to this level. This analysis will be updated! 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
NASDAQ:TSLAShort
by ArmanShabanTrading
5
TSLA golden fib rejectionLarge cap tech is having the correction I have been calling for for a bit. TSLA and friends are dumping as investors flock to small caps with the recent inflation data. This is another example, we are on a roller coaster, the market gives us signs of the direction, and I have seen golden Fibs rejected many times especially on overheated assets that have huge gains in small timeframes. -I drew a box of where I think TSLA will fall too around earnings but the cult is strong and this stock could easily rebound -Most of the top ten stocks are overvalued save maybe amazon and googl imo
NASDAQ:TSLAShort
by Apollo_21mil
Tesla’s Pivot: Getting Ready For a Bullish WaveTesla’s Pivot: Getting Ready For a Bullish Wave Tesla is testing a very strong support zone which corresponds also to Harmonic Pattern zone. This could be the perfect time for Tesla to resume the bullish trend again. During the last 4 months the price decreased by nearly -48% and this could be also a strong reason for the buyers to join the party again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NASDAQ:TSLALong
by KlejdiCuni
10
TSLA: Pullback Ahead?The TSLA chart presents an intriguing mix of bullish momentum and potential resistance challenges on both the daily (1D) and hourly (1H) timeframes. On the daily chart, TSLA has been on a strong upward trajectory, as evidenced by the pronounced rally from early May. The price has consistently traded above the 21-day EMA, reinforcing the bullish sentiment. The stock has recently made several gaps, a bullish indicator that often signifies strong upward pressure. However, the main resistance at $265.13 is a significant hurdle. The price tested this level but was unable to close above it, suggesting that sellers are defending this area. A successful breach and close above $265.13 could signal further upside potential, potentially driving the price towards the next psychological level around $270. The hourly chart provides additional context to the recent price movements. The stock is riding a steep upward trend line, which aligns with the broader bullish trend seen on the daily chart. This trend line, along with the 21-hour EMA, has provided solid support, aiding the stock's climb. However, the price is currently testing the resistance at $265.13. The recent candlesticks show some hesitation, indicating that the bulls are facing significant selling pressure at this level. If the stock can break above this resistance, it would confirm the continuation of the bullish trend. Conversely, a failure to breach this level, combined with a break below the trend line, could trigger a short-term correction. In this scenario, it could close the open gaps, as gaps work as targets when a reversal occurs, or maybe seek the 21-day EMA again. In conclusion, while TSLA's overall trend remains bullish, the key resistance at $265.13 on both the daily and hourly charts is critical. A sustained move above this level could propel the stock higher, maintaining the bullish momentum. However, a rejection at this resistance and a break below the hourly trend line could suggest a potential pullback. We should closely monitor these levels to gauge the next directional move for TSLA. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
TSLA | TESLA is OvervaluedTesla, Inc.'s second quarter earnings confirm our view that the stock is one of the most overvalued stocks in the market. Tesla's stock has been rising this year amid a sudden shift in overall market sentiment, with many investors now pricing in a soft-landing scenario after a brutal past year of Federal Reserve rate hikes. But the shift in market sentiment doesn't change the fact that Tesla's stock fundamentals are completely disconnected from reality. Tesla is a terribly overvalued stock that we think is worth closer to $26 per share instead of its current price of about $290 per share. While Tesla is profitable, its profits are nowhere near the levels needed to justify its current valuation. We recognize that Tesla's business generates an impressive return on invested capital (ROIC), which is a key measure of profitability, especially for an automaker. However, that ROIC is already declining in the trailing-twelve-month (TTM) period. Using our reverse discounted cash flow (DCF) model, we find that for the stock to have any upside at current levels, Tesla must improve its ROIC to levels not achieved by even the most profitable businesses in the world . Figure 1 shows Tesla's historical ROIC along with the future ROIC implied by its current stock price. We provide the assumptions behind this DCF scenario later in this report. Tesla's latest earnings continue to show that it is not immune to competitive challenges and will likely see lower profitability in the future. But, its valuation implies the opposite. Any investor with fiduciary duties should be aware of the growing disconnect between Tesla's current fundamentals and the future fundamentals implied by its stock price. Even in an optimistic future cash flow scenario, shares could trade as low as $26/share. All the details are below. Supply Constrained Argument Is Gone: Bulls have long argued that demand for Tesla vehicles has always exceeded the supply of vehicles. However, Tesla's multiple price cuts in 2023, along with its lackluster production levels through the first half of 2023, raise questions about just how much demand there is for Tesla vehicles, especially amid competition from rivals Ford (F), General Motors (GM) and virtually every other automaker. Q2 2023 marks Tesla's fifth consecutive quarter in which vehicles produced were greater than vehicles delivered. Tesla is no longer selling every vehicle it can make. Should demand for EVs slow, Tesla could find itself with higher than wanted inventory levels, which could lead to further price cuts and additional pressure on already falling margins. Continued Cash Burn: Despite Tesla's top line growth, it continues to burn massive amounts of cash. Over the past five years, Tesla has burned a cumulative $4.2 billion in free cash flow (FCF), including $3.6 billion over the trailing-twelve months (TTM) alone. Tesla has generated negative FCF in all but one year (2019) of its existence as a public company. Margin Decline: Tesla's "GAAP gross margin" was 18.2% in 2Q23, down from 19.3% in 1Q23 and 25.0% in 2Q22. 2Q23's GAAP gross margin was below expectations of 18.7% and remains at its lowest level since 4Q20. Tesla's operating margin is also moving the wrong direction as it scales up. After selling 211 thousand more vehicles in 2Q23 compared to 2Q22, Tesla's reported operating margin fell 493 basis points YoY in 2Q23. Tesla noted in its press release that reduced average selling prices were one of the items that impacted margins in the quarter. We would expect Tesla's margins to fall further as competition limits pricing power across the industry. While Tesla has rapidly ramped up vehicle production and deliveries, its market share must increase almost exponentially to justify the expectations baked into its stock price. However, as it stands, Tesla holds a meager share of the global auto industry, and its share of the EV market ranks behind incumbents across Europe and China. In Europe, based on sales from May 2023, Tesla holds a 12% share of the EV market, much lower than VW Group (20%) and Stellantis (STLA) at (14%).In China, also based on sales from May 2023, Tesla holds 9% of the EV market compared to a staggering 38% share for top competitor BYD. Bulls have long argued that Tesla isn't just an automaker, but rather a technology company with multiple verticals such as insurance, solar power, housing, and, yes, robots. We've long refuted these bull dreams. Regardless of the promises of developing multiple business lines, Tesla's business remains concentrated in its auto segment. Auto revenue accounted for 86% of Tesla's TTM revenue as of 2Q23.Tesla can no longer enjoy its first mover advantage as many other major automakers are producing electric vehicles. These competitors have more experience in auto production and more resources and cash flow than Tesla to invest in the electric vehicle market. Tesla is at risk of losing market share to its competitors in the electric vehicle space and its stock price is currently not reflecting that, which is a major risk for investors. Since bottoming out at the beginning of the year, the stock has come up almost 200%, stopping just shy of $300. One could say the recent selloff is due to the earnings, but technical analysis would have suggested that a selloff was due even before the earnings. Firstly, we can see that a significant bearish divergence has been building in the RSI since June. Furthermore, we have been nearing an important area of trade as highlighted by the red rectangle. The $300 level has been a key area of trade, and you’d expect to see some resistance. So if a pullback has begun where can we expect it to end? As I see it, we have formed an initial ABC structure from the lows in wave 1 of a five-wave impulse. This means that wave ii could now take us down to the 61.8% retracement of this rally, which lands us at $198. We can see that this is also a very important area of support, as shown by the Visible Range Volume Profile. And, of course, we have the 200 day Moving Average offering support around this level, too.
NASDAQ:TSLA
by moonypto
Elliot Wave Chart Analysis for Tesla, Inc. (TSLA)This chart presents an Elliott Wave analysis of Tesla, Inc.'s weekly stock price, highlighting key wave patterns and potential scenarios: Wave Structure: The chart indicates two primary corrective phases labeled W and Y. The first corrective phase (W) shows an ABC correction, marked with internal wave structures. The second corrective phase (Y) also presents an ABC pattern with further internal structures. An X wave connects the W and Y corrective phases, suggesting a complex correction pattern. Corrective Patterns: Within both corrective phases (W and Y), the chart uses Elliott Wave labels (A, B, C) to detail the internal structure of the corrections. Wave (B) in phase (Y) appears to have completed a sharp upward move, potentially indicating the end of the corrective wave. Trend Lines and Key Levels: A red diagonal trend line connects significant peaks, indicating potential resistance. The price level of 299.29 USD is labeled "INVALID ABOVE," suggesting that a move above this level would invalidate the current bearish outlook. The price is currently at 263.26 USD, marking a crucial decision point. Current Price Action: The chart shows the price approaching the critical 299.29 USD level, testing the upper boundary of the potential corrective wave. Trading Ideas: Bearish Scenario: Fake Out and Five Waves Down If the price is rejected at or below the 299.29 USD level, it could confirm a fake-out scenario. This would likely lead to a five-wave down structure, targeting lower support levels and indicating a significant decline. Traders might consider short positions below 263.26 USD, with stop-loss orders above 299.29 USD to manage risk. Bullish Scenario: Running Flat Completion If the price breaks and sustains above the 299.29 USD level, it could suggest the completion of a running flat correction. This scenario would favor a bullish continuation, potentially leading to new highs as the price moves out of the corrective phase. Traders might look for long positions above 299.29 USD, targeting higher resistance levels for potential gains. Conclusion: Monitor the 299.29 USD level closely, as it is critical for determining the next major move. A break above this level favors a bullish scenario, while a rejection could lead to a bearish continuation.
NASDAQ:TSLAShort
by Aparra7