$TSLA Tesla Inc Stock Robo Analyst May 26 2020 #TSLA
Tesla Inc (TSLA) “On a long-term technical basis, the stock (TSLA) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 889.45 suggesting the next support level is at 753.42. This weakness suggests the long-term trend is turning neutral.
The stock has support at 753.42 and 683.04. If the stock breaks down through support at 753.42 then it will probably continue lower to 683.04. The stock will meet resistance at 843.29 and 889.45. If the stock breaks up through resistance at 843.29 then it will probably continue higher to 889.45. The 200-day moving average is at 473.49. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (71.02).”