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TSLA trade ideas
TSLA : A Brief Respite or the Start of a Comeback (Wednesday 12)Overview:
At the time of writing, the stock is hovering around $215, barely holding on to that level. The next significant support aligns with the lower boundary of my descending channel, around $210. If that level fails, I believe we could see further downside—potentially even a move below $200 if selling pressure intensifies.
Technical Observations:
1. **Descending Channel**
My chart shows TSLA trading within a **downward-sloping channel**. The stock is currently near the lower portion of that channel, suggesting that if it loses support at $210, it may continue sliding along the lower band.
2. **Key Support & Resistance Levels**
- $210: This level is both a psychological round number and the lower bound of the channel. If it doesn’t hold, further downside is likely.
- $232: This is a notable resistance level near the channel’s upper boundary. Breaking above $232 (especially on strong volume) could be a signal of a short-term reversal or a relief rally.
3. **Indicators (RSI & TRAMA)**
- **RSI**: Currently in oversold territory, which sometimes indicates a potential bounce. However, oversold can remain oversold if momentum is strong.
- **TRAMA** (my chosen trend/momentum indicator): Still suggests a strong downward trend. Any bounce could be short-lived unless broader conditions change.
4. **Potential Bearish Continuation vs. Bullish Breakout**
- **Bearish Continuation**: If TSLA cannot hold $210 and continues to close below that channel line, I believe a drop below $200 becomes increasingly likely.
- **Bullish Breakout**: In the unlikely event of a swift rebound above $232, it would signal a break of the channel’s upper boundary and potentially open the door to a short-term rally.
My Personal Trading Perspective:
The slight bounce might just be a short-term relief rally, where buyers step in to pick up shares at a perceived discount. However, if there’s no follow-through and volume remains lackluster, the rally can fizzle out quickly, leaving room for further declines.
- Long-Term Entry:
I’d personally look for a strong breakout and daily close above $232 (and above the upper 2nd deviation line) before adding to any long-term positions. That would give me more confidence that the downward trend is reversing.
- Short-Term Long:
I’m watching for a retest of $210. If it holds and shows signs of a bounce, I might take a short-term long position with a potential profit target around $220. I would keep a tight stop-loss, though, because if $210 fails, it could drop quickly.
My report is similar to yesterday. My thought process has not changed.
Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research, double check my findings, and manage your risk accordingly.
TSLA: What Happened?After reaching all time high of $488.50 on 18 Dec '24, Tesla has been systematically dropping making lower lows. So far it made a local low at $325.10 which is -33% from ATH.
One might intuitively assume that Tesla’s CEO, with significant administrative resources at his disposal, would drive the stock to outperform on a longer period. This narrative held true, particularly after it became evident that the Republican candidate had won the U.S. election. Traders saw Musk’s association with that political circle as a strong buy signal, believing that many others would definitely jump in as well. As a result, price broke out of the resistance driving demand and pushing the stock higher. However, this effect did not last very long as many would have expected.
WHAT HAPPENED?
Tesla was once the dominant force in the electric vehicle market, both in the United States and abroad. However, its sales are now collapsing, driven by a combination of political and technological factors — many of which are tied to Elon Musk’s increasingly unusual behavior.
The Sales Decline
Since January 2024 Tesla’s sales have plummeted, particularly in Europe. Recent figures paint a bleak picture:
Germany: 60% drop
France: 63% drop
Norway: 38% drop
Sweden: 44% drop
In the U.S., while the decline hasn’t been as drastic, Tesla’s share of the EV market is shrinking.
What’s Causing Tesla’s Troubles?
Several key factors contribute to Tesla’s struggles.
Increased Competition
Tesla’s early-mover advantage is disappearing. Established automakers like BMW, Mercedes, Hyundai and Kia, as well as newer EV startups like Rivian — now offer electric vehicles with longer range, faster charging, and more luxurious features. As a result, consumers have more choices, and Tesla is no longer the default option for EV buyers.
A Cooling EV Market
Some of the decline can be attributed to a broader slowdown in EV sales, particularly in Europe, where government subsidies have been scaled back. However, this alone does not explain Tesla’s sharp losses, especially compared to its competitors, many of whom are still seeing growth.
For what Europeans could not forgive Elon?
Musk's increasingly polarizing political stance like aligning with far-right figures or engaging with controversial accounts online — has alienated large segments of Tesla’s customer base in Europe and other liberal democracies. For a brand once associated with innovation and sustainability, Musk’s actions have tarnished Tesla’s reputation, particularly among progressive and tech-savvy buyers who once formed its core audience.
Investor Confidence is Fading
Tesla’s stock has been highly volatile, with investors growing uneasy about the company’s future. Over the past month, the stock price has declined, reflecting broader concerns about the company’s leadership and strategic direction.
The Cybertruck’s Underwhelming Launch
The Cybertruck, once hyped as a revolutionary product, has failed to live up to expectations. Instead of broad appeal, it has become a niche product, often associated with Musk’s most fervent and politically charged supporters. Rather than expanding Tesla’s customer base, the Cybertruck seems to have further divided it.
The Bigger Issue: Musk’s Brand Overshadowing Tesla
Tesla’s current crisis highlights a broader problem: when a CEO’s personal brand becomes larger than the company itself, it can have devastating consequences. Musk’s antics — once seen as part of his “genius entrepreneur” image — are now actively harming Tesla’s sales and market position.
Many people who previously invested in Tesla stock and even owned a Tesla vehicle, they've since distanced themselves, not only due to concerns over vehicle quality but also because they no longer want to be associated with Elon. And while some of Musk’s supporters claim that Tesla will be just fine, the numbers tell a different story. Sales are falling, stock prices are shaky, and confidence in the brand is slipping. The 33% drop from ATH might be just the beginning of a larger cycle of selloff.
Tesla (TSLA) Reaching a Critical Level! Will This Reversal Hold?Market Structure Overview
* TSLA has been in a downtrend channel, forming lower highs and lower lows.
* It has now entered a reversal zone, potentially signaling a short-term bottom.
Supply and Demand Zones
* Support Zone: $217 - $230 (Reversal Zone)
* Resistance Levels: $250, $270, and major resistance at $304.50.
Key Technical Observations
* Falling Wedge Pattern: The stock is testing the lower trendline support, indicating a potential breakout.
* MACD Crossover: A possible bullish crossover is forming, suggesting momentum shift.
* Stochastic RSI Oversold: TSLA is rebounding from oversold conditions, indicating potential upside.
GEX Analysis & Option Flow Insights
* IVR: 85.5 (Elevated Implied Volatility Rank)
* IVx Avg: 103.6
* Call Walls (Resistance):
* $250: Moderate resistance
* $270: Strong resistance
* $300: Major breakout level
* Put Walls (Support):
* $217: Strong support
* $200: Extreme support level
Trade Scenarios
Bullish Case (Breakout Above $250)
* Entry: Above $250
* Target 1: $270
* Target 2: $304.50
* Stop-Loss: Below $230
Bearish Case (Breakdown Below $217)
* Entry: Below $217
* Target 1: $200
* Target 2: $190
* Stop-Loss: Above $230
Final Thoughts
TSLA is currently in a high-volatility reversal zone. Watch for a breakout above $250 for confirmation of trend reversal, while a breakdown below $217 would signal further downside.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence before making trading decisions.
TESLA: Oversold but correction my not be over yet.Tesla is oversold on its 1D technical outlook (RSI = 25.606, MACD = -36.970, ADX = 56.250) but the correction may not be over. The brutal bearish wave since the December 18th 2024 ATH may technicall bottom on the HL trendline, despite having breached the 0.618 Fibonacci yesterday. That is because the April 22nd 2024 bottom was also priced below the 0.618 Fib, even under the S1 Zone. In order to buy confidently again for the long term, we need to see the 1D RSI forming HL again. We expect to see TESLA within the 200 - 190 range before a rebound takes place and then our long term target would be near the HH trendline, TP = 650.
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What if it’s a bottom?What if it’s a bottom?
The price had two gap-ups during the bull market,
and both of those gap-ups have been fully filled.
The current price has returned to the final resistance line, which acted as support after breaking out of a triangle consolidation pattern.
Therefore, no matter how bad the sentiment around Tesla is, seeing how it has already dropped so sharply in such a short period, I’m thinking it might be a good time to buy now. Many people might laugh at this, and mentally it’s a scary zone, but from a chart perspective, it feels like an attractive price to buy. Today, I personally took a bold step and made a purchase, but if it falls further, I’m looking at a worst-case scenario of $170. By then, there will likely be a lot of people underwater, and it could take a long time to reach the previous high. However, if that happens, I plan to buy 2.5 times the amount I currently hold. Tesla has always been a tough stock, but this time, with variables upon variables, along with Tesla’s business and political issues, it’s truly chaotic. I hope everyone makes a profit.
(Just my personal opinion)
Tesla LongTesla Long Analysis
Tesla (TSLA) currently presents potential long opportunities near key support zones at $194 and $186. These levels align with historical demand zones and provide a favorable risk-to-reward setup for bullish trades.
Key Analysis:
Support Levels:
$194: A critical zone where buying activity has previously increased, indicating strong institutional interest.
$186: A lower support level that historically acts as a buffer against further downside.
Technical Indicators:
A confluence of moving averages and trendline support near these zones bolsters their significance.
Catalysts:
Upcoming earnings or positive developments in Tesla’s production or delivery numbers could act as bullish triggers.
General market sentiment and Nasdaq trends will also play a role in TSLA's price action.
Strategy:
Entry: Long positions near $194 and $186 with stop-losses below respective levels.
Target: First target around $240 and extended target near $350, depending on momentum.
This setup provides an opportunity for scalpers and swing traders to capitalize on Tesla’s volatility with managed risk.
Tesla is About to Collapse… or Skyrocket—Are You In?Tesla is all over the news with boycotts, drama, and market chaos, but the real action is on the charts. If we break below 222, things could get ugly fast with a drop toward 197, 186, and even 176. But if we hold above 223, momentum could send us flying past 232, 237, and potentially 256 or even 264.
Big money is watching, and the next move could be massive. The question is—are you trading this or just watching from the sidelines?
Kris/ Mindbloome Exchange
Trade Smarter Live Better
I don't think US markets have bottomed outThe US stock markets are down.
I don't think they've bottomed out - there could be further downside to come - but this could be a fantastic opportunity for longer-term traders and investors. Buying the dip is often profitable for buy-and-hold investors.
As a trader, I'm still actively looking for index shorting opportunities.
Tesla (TSLA) Shares Drop Over 15%Tesla (TSLA) Shares Drop Over 15%
Among the biggest decliners in the technology stock index (we covered the reasons behind the Nasdaq 100’s drop earlier this morning) are Tesla (TSLA) shares, which have plummeted by more than 15% in a single day—their worst performance in five years.
Why Tesla (TSLA) Shares Fell
One of the key bearish drivers behind Tesla’s stock decline appears to be Elon Musk’s political involvement in the Trump administration. For investors, this could signal concerns that:
→ The CEO is not devoting enough attention to the automaker’s operations.
→ Discontent among those who oppose Musk’s political stance could slow Tesla’s sales.
And what about Musk himself? He has:
→ Acknowledged that business is “tough,” particularly following a cyberattack on his social media platform, X, but stated he intends to focus on politics for at least another year.
→ Reassured investors that, in the long run, “everything will be fine.”
Technical Analysis of Tesla (TSLA) Stock Chart
In our previous analysis, we identified a descending channel (marked in red) and suggested that if the psychological support level of $300 per share failed to hold, further declines could follow.
With updated chart data, we can see that:
→ The downward channel remains valid, reinforced by a test of its median line (marked by an arrow).
→ The $260 level (previous support) and $300 may act as resistance going forward, with the orange descending trendline also potentially serving as resistance.
Since the price has now fallen below the lower boundary of the red channel, there is a possibility that bulls may attempt to recover some losses, banking on a long-term rebound.
Tesla (TSLA) Stock Price Forecast
Analysts remain cautiously optimistic, possibly hoping that Musk’s close ties with Trump will accelerate Tesla’s rollout of its robotaxi service. Another potential positive catalyst is Tesla’s market entry into India.
According to TipRanks:
→ 13 out of 36 analysts recommend buying TSLA shares.
→ The average 12-month price target for TSLA is $340.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Tesla (TSLA) Weekly Chart Analysis – Key Levels & Market OutlookTesla (TSLA) Weekly Chart Analysis – Key Levels & Market Outlook 🚀
1️⃣ Overall Trend:
✅ Long-Term Uptrend (2019-2021): Tesla experienced a massive rally, reaching all-time highs.
🔻 Correction Phase (2022): A significant pullback led to a strong downtrend.
📈 Recovery Mode (2023-Present): The stock started forming higher highs and higher lows, indicating a bullish structure.
📉 Recent Pullback: The price is now retracing from recent highs, showing potential short-term downside momentum.
2️⃣ Key Support & Resistance Levels:
📌 Support Zones:
$300: A critical level—if it breaks, Tesla could drop further.
$260 - $280: The next demand zone if selling pressure continues.
$240 - $250: Strong historical support, previous swing low.
$180 - $200: A major long-term base where Tesla found strong demand before a rally.
📌 Resistance Zones:
$380 - $400: A strong rejection zone—Tesla recently pulled back from here.
Above $400: A breakout could send TSLA toward $500+ (previous cycle highs).
3️⃣ Candlestick & Price Action Observations:
📉 Bearish Momentum:
The latest weekly candle is red, indicating strong selling pressure.
If Tesla fails to hold $300, expect a move toward $260-$280.
📊 Potential Bounce Area:
If buyers step in, Tesla might consolidate before another leg higher.
4️⃣ Market Context & Indicators:
🚗 EV Sector & Nasdaq Trends: Tesla follows macroeconomic conditions and overall tech sector movements.
📆 Earnings & News Catalysts: Watch for updates on deliveries, margins, and macro sentiment.
📊 Technical Indicators:
✅ Moving Averages:
50-Week MA: A close below this could signal weakening momentum.
200-Week MA: A crucial long-term dynamic support.
✅ RSI (Relative Strength Index):
Not oversold yet—watch for levels near 30 for potential reversals.
✅ MACD (Moving Average Convergence Divergence):
Bearish crossover forming? A confirmation could indicate further downside momentum.
✅ Fibonacci Retracement:
Retracement levels align with $260 - $280 as a possible bounce zone.
5️⃣ What’s Next?
📌 Bullish Scenario: If Tesla holds $300, expect a potential rebound toward $350-$380.
📌 Bearish Scenario: A break below $300 could lead to a test of $260-$280, with downside risk toward $240 - $250 in extreme cases.
🚀 Key Question: Will Tesla hold support and bounce back, or will sellers push it lower?
💬 Drop your thoughts below! 🔥📉📈
TSLA: What is going to happen on Tuesday, March 11 Analysis:
Looking at today, Tesla dropped another 15.43% ($40.52) and 3.22% ($7.14) in aftermarket. It broke through the supporting line of $250, passed through the middle linear regression line (look back period of 160) and ended up below the bottom deviation of 2.
At this point, it’s sitting around $215, barely holding at this level. The next key support is around $210, lining up with the lower bound of the channel. If it doesn’t hold, we could see further downside movement within the trend and even a crash down to below $200.
Although RSI does point to oversold, TRAMA still indicates that it is on a strong downward trend. Any bounce might be short-lived. The only key resistance level above this current price is at $232, but with the current trend, it is super unlikely it would test this upper extreme for the following days.
Personal Opinion:
With the current situation regarding politics and tariff wars, we’re likely to see more volatility in Tesla’s price action. For instance, Reuters noted that Tesla’s shares dropped 15.4% in aftermarket trading after breaking through key support levels, signaling investor anxiety over heightened macro risks . If tensions escalate and stricter tariffs are imposed, the stock could be pressured down even further. As tariff-related uncertainties continue, the chance of Tesla dropping below $200 are more and more likely .
That said, Tesla has historically rebounded faster than any other stock. Data from Nasdaq and related market analyses have shown that after steep declines, Tesla’s often comes back with a fast recovery. If any consolidation happens, a reversal might happen.
Personal Strategy:
My new long-term entry price would be at $232 with a strong break out and closes above the upper 2nd deviation line.
My new short-term long would be a retest at $210 and a take profit at $220
Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research, double check my findings, and manage your risk accordingly.
Links to Quotations:
AP News
Investopedia
The Tesla free fall continues!boost and follow for more! ❤️🔥
TSLA bulls lost major support after failing to hold 200 SMA and major trend support zone,which is why the selling pressure has been so bad the last week or so 🩸 there is a last line of support here around 200-210 area..
if it can hold support here then we likely rally higher back to 300-400🚀, if not the another 25% pullback is possible, there is not much support left under 200!
all eyes on tesla, this week. good luck to all. see you soon with more ⚡