>>> Join us to access robo analyses for over 16,000+ stocks! <<<
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 broken through an important trendline at 636.26 suggesting the next level of support is 527.87. The long-term uptrend has now turned neutral.
The stock has support at 527.87 and 364.63. If the stock breaks down through support at 527.87 then it will probably continue lower to 364.63. The stock will meet resistance at 636.26 and 744.64. If the stock breaks up through resistance at 636.26 then it will probably continue higher to 744.64. The 200-day moving average is at 364.63. This will also act as support. If the stock closes below 527.87 a negative trend change is probable. Look for the stock to fall to the 200-day moving average at 364.63. The stock is extremely oversold according to the Stochastic Indicator (13.42).”
>>> Join us to access robo analyses for over 16,000+ stocks! <<<