$TSLA Tesla Inc Stock Robo Analyst March 27 2020 #TSLA
Tesla Inc (TSLA) “On a long-term technical basis, the stock (TSLA) is trading above its 200-day moving average, but has broken through an important support level, which implies it is in a neutral trend.
The stock has support at 377.83 and 350.51. If the stock breaks down through support at 377.83 then it will probably continue lower to 350.51. The stock has resistance at 545.77 and 654.01. If the stock breaks up through resistance at 545.77 then it will probably continue higher to 654.01. The 200-day moving average is at 377.83. This will also act as support. The stock’s long-term uptrend has changed into a sideways or downtrend. In this case, the stock will either go sideways for a while or sell-off back to where it started prior to the latest big upmove. This is a risky time for the stock, so be careful. Use caution during times like these, as the stock will be more volatile. Pay close attention to the Short-Term and Daily Opinion. The stock is slightly oversold according to the Stochastic Indicator (30.22).”