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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 715.68 suggesting the next support level is at 612.83. This weakness suggests the long-term trend is turning neutral.
The stock has support at 612.83 and 509.97. If the stock breaks down through support at 612.83 then it will probably continue lower to 509.97. The stock will meet resistance at 715.68 and 944.78. If the stock breaks up through resistance at 715.68 then it will probably continue higher to 944.78. The 200-day moving average is at 341.73. This will also act as support. The stock is neutral according to the Stochastic Indicator (42.58).”
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