As for the downside, Tesla stock had a very nice undercut of the prior 2022 low and a subsequent bounce. You will also learn how to use the Cheat Sheet to choose better entries and realistic targets. The ultimate guide for first-time investors: SPY and TESLA MORNING PLAN + LEVELS 3/1/2023 Source: Finbold. Volume fell during the last trading day despite gaining prices. The technical summary data is suggesting a short of TSLA if it tests 191.87 with a downside target of 65.17. How to Buy TSLA Stock. Further, the stock also faces its 21-day and 10-week moving averages in this area, while the 50% retracement of the current decline is up near $259. What is the symbol for Tesla Stock and on which exchange is it traded? During the last day, the stock moved $7.60 between high and low, or 3.94%. In order to regain bullish sentiment, TSLA must do a clear breakout of the $214 On TSLA today our analysis will be done in two cases. At the end of the day, it is the stock market and the investors that decide. at different scales, different indicators allow different levels of prediction. 0. However, there are several non-traditional ways as well (Fibonacci Pivots, Camarilla Pivots, DeMark's Pivots and Woodies Pivots). In between the two levels are the 200-week and 50-month moving averages and the monthly VWAP measure. NASDAQ:TSLA Tesla, Inc. Tesla, Inc. 15. Our gain and loss percentage calculator quickly tells you the percentage of your account balance that you have won or lost. I would suggest caution, and if Traders and investors who visit us every month, Top website in the world when it comes to all things investing, From 1M+ reviews. How to buy TSLA stock and grow your wealth. No other finance app is more loved, Custom scripts and ideas shared by our users. CEO Elon Musk and other executives outlined the goals during a 3 1/2-hour investor day presentation at Tesla's Austin, Texas, headquarters Wednesday as they presented the company's third master plan. Also, Stochastic appears to be changing its mind halfway through, so . By rule, any test of resistance is a short signal. For the upcoming trading day on Monday, 6th we expect Tesla Inc. to open at $197.05, and during the day (based on 14 day Average True Range), Next week going into the Investors Forum on March first I expect to see very strong support with traders and Shorters taking it back down shortly afterwards so I will watch for a peak and possibly sell and then buy back in after a drop of another $12. we wait and see. Click the Get Real Time Updates button below. Download Free PDF. 1.101 The popular 61.8% Fibonacci retracement level of the March 2020-Jan 2021 swing High move is down near $400 and this is also a reaction zone for the stock. During the day, the stock fluctuated 3.94%, ranging from $192.88 to $200.48. Blue below the current price and red above will tend to keep trading in a narrow band, whereas blue above the current price, or red below can produce a breakout where each new price level is confirmed by a new signal. SPY expected move +/- 2.5 today. Dropping below lower trend line would favor bearish expectation with a bounce at $550-$600 and a bottom at $250-$300. TSLA HOLDING SUPPORT, EXPECTING ANOTHER +10% MOVE | Monday, September Tesla (TSLA) near support level according to Elliott Wave [Video] The technical summary data is suggesting a short of TSLA if it tests 842.30 with a downside target of 694.72. Tesla is very bullish and lots of apes will buy. TSLA at BullKhan! The share price is presently resting on a support zone at 118.63, after being rejected from the 123.25 resistance level. On the downside, the stock finds support just below today's level from accumulated volume at $189.98 and $177.90. Bearish Target:$197 It made a recent low in the 100's level, where we saw an important volume, which can be characterized as a capitulation on the segment that went from its ATH to the 100's This volume was composed of liquidated long and covered short TSLA broke yesterdays high, which was a Hammer candlestick pattern, and it is trying to react this morning; Tesla (TSLA) Stock Price and Forecast: Tesla slows into - FXStreet We also use third-party cookies that help us analyze and understand how you use this website. The stock rallied almost 5% on Tuesday but was rejected by the 10-day moving average. These moving averages arethe calculated price which the underlying symbol needs to reach for the price to be considered "above the moving average." Real Time updates are provided to subscribers. Unlimited Real Time Reports. Tesla Inc. TSLA Technical Data - StockTradersdaily.com C. In the past, I have mentioned to y'all, that there is nothing wrong with having a lean on where u think price is going, but I never tell you guys my lean. Teslas recently announced price cuts might help Tesla, but they aren't doing the electric vehicle market any favors. MT4. It also provides vehicle service centers, supercharger station, and self-driving capability. Supply is synonymous with bearish, bears and selling. Short TSLA near 668.80, target 638.27, Stop Loss @ 670.73 . L. 1003.60. TESLA - Support Levels to Watch for & Potential 2023 Bottom The technical summary data tells us to buy TSLA near 65.17 with an upside target of 235.18. Tesla (TSLA) near support level according to Elliott Wave [Video] Tesla ended cycle from 1.6.2023 low at 217.82. These are the support and resistance levels I have calculated based on a mathematical calculation I have developed using the current short positions. While simple moving averages can also be used in this regard, exponential moving averages usually return better results as they better account for the most recent price action. In the financial markets, prices are driven by excessive supply (down) and demand (up). Resistance was first established by the September support break at 42.5. Mike did a little buying this week and is hoping to add more should the market be able to build on the recent action. And now, its smack in the middle of its support and resistance levels despite all the recent volatility. $TSLA, Press J to jump to the feed. And yet, despiteits record production result earlier this month, investors booed the automakers report. Creating a self-harm post Creating a Poop Post or Low Effort Post, Yes, these will automatically be removed.". The data also tells us to set a stop loss @ 191.42 in case the stock turns against the trade. For the past couple of weeks, I 202.38. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. The technicals for these will appear immediately on your My Stocks Page. The data also tells us to set a stop loss @ 191.32 in case the stock turns against the trade. 201.58. Support and Resistance Explained | How it Works | Examples This results in the creation of a support line. bounce here and push to 215-240 is very possible, but be cautious because there's not much support below 185.. if that breaks we see some big profit taking! 200.79. I will use this to track Day trading Price Action chrisvill02 Pro Feb 7. Is clearly supporting this narratve The more recently a level has been established, the more useful it is. Here's your free beginner's guide to buying TSLA stock. TSLA weekly + Fib retracement: applying trend lines to the chart shows that price action is trading with a congestion-style triangle. Buying or Shorting Tesla (TSLA)? Technical support & resistance The closer the trigger price to the current price, the more quickly it will come into play. Barchart is committed to ensuring digital accessibility for individuals with disabilities. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. QQQ 294.5 with resistance of 295 and support at 292.5, and 290. The projected trigger prices of the signals are listed from highest price at the top of the page to lowest price at the bottom. Soon the C wave of price reduction will begin. The stock rallied almost 5% on Tuesday . This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. The swing highs/lows are marked on the 45-min chart of Tesla, Inc. (TSLA). SPY and TESLA MORNING PLAN + LEVELS 3/1/2023 . StockInvest.us provides daily technical stock analysis commentaries and But it also shows that its well within its intermediate-term trading rangeand is one of the rare stocks trading above both its 50- and 200-day moving averages. Chart Analysis by TraderHR / By TraderHR / March 1, 2023 March 1, 2023. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. Given the current short-term trend, the stock is expected to rise 45.85% during the next 3 months and, with a 90% probability hold a price between $228.89 and $331.58 at the end of this 3-month period. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools. Traditionally, support and resistance levels are defined by the price range (High-Low) from the previous trading session. The problem is that TSLA is inside a congestion, and any bearish signal around $214 may indicate that it will correct back to its support level - probably the 21 ema; We do the work. Tesla finds support from accumulated volume at $189.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. On the weekly timeframe Tesla stock is actually quite overextended towards the upside; just the past 7 weeks we had a short covering rally of about 100%. I might try to trade it yet but I can't sit and watch the screen so barring any exemplary good news or bad news like we had last week the trend is still up and until I see a break of that trend I'm sticking with it. Swing Trade Idea - March 3, 2023 - Swing Trades Delivered Tesla's stock double beating 2022 Q4 earning expectations