However, there are several non-traditional ways as well (Fibonacci Pivots, Camarilla Pivots, DeMark's Pivots and Woodies Pivots). As an example. Volume reflects consolidated markets. Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. Stock ChartPoint & FiguresProfile GraphVolume Profile, QuotesFundamentalsIntrinsic ValueProfilePerformancePerformance & Speculating IndexHistory, Intraday AnalysisShort-Term AnalysisMid-Term AnalysisLong-Term AnalysisSummary SentimentCheat SheetFibonacciSupport/ResistancePivots (weekly/monthly), ADXRAroonAwesome OscillatorBalance of PowerCCIChande MomentumCLVCoppock CurveDerivative Osc.DPOElder RayMACD (EMA)MACD (SMA)PPOPMORelative MomentumRate of ChangeRSI IndexStochasticsStochastics MomentumStochastic RSISwing IndexTrend IntensityTRIXTrue StrengthUltimate OscillatorVertical Horizontal FilterVortex IndicatorWilliams' AD, Average VolumeAccum / DistrChaikin MFEasy of MovementForce IndexMoney FlowMV Money FlowNegative & PositiveOn Balance VolumeSB VolumeSBV FlowTwiggs MFUp-Down MomentumVolume AccumulationVolume-Price TrendVolume OscillatorsVolume RSI, Average True RangeBetaBollinger BandsChaikin VolatilityEfficiency RatioMass IndexProbabilityRelative VolatilityTurtle ChannelStandard DeviationVolatilityWilder's SystemUlcer Index. Also this type of curves resemble natural growth - constant e. 1.101 It offers Tesla Roadster, an electric sports car. 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. Tesla, Inc. (TSLA) support and resistance levels. TSLA 1-day price chart. Usually, you take a resistance for a take profit to get out of the positions or at least to close parts (scaling out). Unlimited Real Time Reports. What should I look at in the Income Statement? Further fall is indicated until a new bottom pivot has been found. It could drop to $4.45 and then bounce again when buyers overthrow the sellers. The technical summary data is suggesting a short of TSLA as it gets near 235.18 with a downside target of 65.17. Press question mark to learn the rest of the keyboard shortcuts. Real Time updates are provided to subscribers. Will these areas of interest hold as resistance again? Technically, Tesla Inc. (NASDAQ: TSLA) provides opportunities for traders who are watching the price of the stock oscillate over time. No other finance app is more loved, Custom scripts and ideas shared by our users. As of the 2023-03-03, the market capitalization of Tesla is 561.574B. 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. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. Often times you will see a support or resistance level that appears broken, but soon after find out that the market was just testing it. Not true. The trading volume decreased by -27 million shares on the last day, with a total of 153 million shares traded for a total of $30.35 billion. The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte. It is mandatory to procure user consent prior to running these cookies on your website. In this case, if resistance, 191.87, is being tested a short signal would exist. The summary data tells us to have a stop loss in place at 844.73. Sinisa Persic, Chartered Market Technician, Member of the CMT Association New York. Production of the Model 3, its new affordable luxury car, is still lagging, with the company pushing to reach 7,000 units of production capacity by the end of this month. If it sees a bearish reaction to earnings, the low $200s will again be in play. It will include updates to TSLA. And now, its smack in the middle of its support and resistance levels despite all the recent volatility. Internal . Also, Stochastic appears to be changing its mind halfway through, so pulling back up would confirm a return in bullish momentum. Don't discount further gains though! Tesla stock should find some support . This results in the creation of a support line. Hello,Friends! Download Free PDF. The 52-week high for Tesla Stock is $384.29 and the 52-week low is $101.81. The Last Price will update only when the page is refreshed. TSLA could easily climb to the $214 again, but only a true breakout would make it resume the bullish bias again; Soon the C wave of price reduction will begin. Teslas Investor Day is Here and Things May Get Wild. Read the linked article for a detailed understanding of Support and Resistance in Technical Analysis.This article will be focused on support and resistance trading strategies and how the Stock Screener can be used to find suited trading candidates matching these strategies.. As Support and Resistance are levels where we expect price reversals, we can . Here are the support and resistance zones to know (even for non-traders). The more recently a level has been established, the more useful it is. We are continuously working to improve our web experience, and encourage users to. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Trading Experience: 20+ years. A technical analysts use Pivot Point level to draw support and resistance lines. If the reaction is bullish, there is a small gap-fill near $235, but my eyes drift mainly up to the $250-ish area. Bearish Target:$197 In this case, if resistance, 842.30, is being tested a short signal would exist. Get SPY TSLA Pivot Points. Today I was watching TSLA and was carefully watching the 855 level for a strong support level. (3 Support Levels, and 3 Resistance Points). This happens to be right around a falling trend line and the 50-61.8% Fibonacci retracement levels. financial data for more than 25 000 publicly traded companies based on our calculated Therefore, I think it is a good idea to go long! TESLA is very oversold at the moment and just a hit a key gap fill level at $136 which should act support and potentially a temporary low. This is going to be an emotional week for Tesla Stake Holders and expect some big announcements many of which have already been leaked into the market however I expect EM to pull a rabbit out of his hat to surprise on the day. " The area between SPX 3,812 and 3,850 has not exactly been . $TSLA, Press J to jump to the feed. No lasting harm done from the SECs announcement. 842.30 is the first level of resistance above 773.6, and by rule, any break above resistance is a buy signal. For example, if TSLA is testing support buy signals surface, and resistance is the target. Tesla had a slide in the deck showing current cars use ~250W for LV, and they expect this to drop by 75%. Trading or Investing inTesla Inc.(NASDAQ: TSLA) involves an observation of the technicals, every time. Create an account to follow your favorite communities and start taking part in conversations. Request your user/pass by email: Request User/Pass. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. These moving averages arethe calculated price which the underlying symbol needs to reach for the price to be considered "above the moving average." TSLA is forming what looks like a Head and Shoulders pattern while it's consolidating at a key support zone from late 2022 and the 50% Fibonacci retracement of 2022's downtrend.. A clear break below the 185.00 levels can drag TSLA to previous areas of interest like 170.00 or 160.00. That's the most simple way of putting it. As of this writing, TSLA stock is all the way up to 341, toward the high end (379) of its admittedly wide support and resistance. Meanwhile, Tesla still isnt close to profitability, though thats slated to change next year if you believe analyst estimates. Some of these signals, such as Fibonacci Retracements, have a fixed bullish or bearish interpretation. Like support, resistance levels can appear when markets are in bear trends as well as bull ones. Learn about crypto in a fun and easy-to-understand format. We would have a high probability of having an uptrend if and only if the resistance line is forcefully broken by a large green candle and followed by large green volume. Resistance is the opposite of support. Bullish Target $221.5 If Tesla Inc. takes out the full calculated possible swing range there will be an estimated 11.35% move between the lowest and the highest trading price during the day. If 842.30 begins to break higher, the technical summary data tells us to buy TSLA just slightly over 842.30, with an upside target of 1030.32. The upcoming earnings date for Tesla is 2023-04-19 00:00:00. The bottom line: $250 to $260 is critical on the upside and the low-$200s are key on the downside. The Cheat Sheet is based on end-of-day prices and intended for thecurrent trading sessionif the market is open,or thenext trading sessionif the market is closed. TheTrader's Cheat Sheetis a list of 44 commonly used technical indicators with the price projection for the next trading day that will cause each of the signals to be triggered. We understand your email address is private. In the financial markets, prices are driven by excessive supply (down) and demand (up). 65.17 is the first level of support below 190.9 , and by rule, any test of support is a buy signal. For one, the stock price has climbed above both moving averages, so these could hold as dynamic support on dips. (-4.88%) It is easier to predict short times into the future. Other indicators are needed to also confirm what you are looking at. (This stock has medium daily movements and this gives medium risk. Note: This article was written with the help of Cal Stanke, co-founder of ChartSetups.com , where he uses PBV . Tesla (TSLA) near support level according to Elliott Wave [Video] Tesla ended cycle from 1.6.2023 low at 217.82. Tesla, Inc ( NASDAQ:TSLA ) 208.31 6.27 3.10%. Click the Get Real Time Updates button below. 235.18 is the first level of resistance above 190.9, and by rule, any test of resistance is a short signal. Tesla (TSLA) stock is battling at major resistance and a disappointing investor's day and 'Master Plan 3' could be the breakdown catalyst. Each projection on the ladder can be examined to determine if the price change to each trigger level will tend to confirm or reverse the price move. Track your progress and learn at your own pace. If Tesla's stock was unable to hold that level as support it could revisit the $600 level. The selling pressure has continued into this morning's trading, to a corrective low at 185.82-- beneath my 4-week support zone that now serves as resistance from 188.40 to 191.60. 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. TSLA weekly + Fib retracement: applying trend lines to the chart shows that price action is trading with a congestion-style triangle. (2.15%) than the support at $189.98 SPY and TESLA MORNING PLAN + LEVELS 3/1/2023 . Tesla, Inc (NASDAQ:TSLA) Chemical-Romance Pro Apr 24, 2022. Like and subscribe and comment my ideas if you enjoy them! In the login prompt, select forgot username. Trend reversal in the cards here, or at least a correction during a longer term sideways consolidation before rallying higher over time. Indecision in the market is changing And as I mentioned before, support is around 250. Still juicy and very profitable. For those who believe in support and resistance levels, what happened to TSLA next was no surprise: the stock re-tested resistance a couple times before bouncing to 276 and then really taking off in late October. Going up against the woke culture and the left, Musk has inflicted pain on the brand as a huge part of his buyers now will think twice. Join my premium service and get trade alerts with a full trading plan. The stock rallied almost 5% on Tuesday but was rejected by the 10-day moving average.