-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
TSLA Technical Analysis
- Thread starter Robert.Boston
- Start date
-
- Tags
- TSLA
A stock’s 50% decline from a high usually results in at least a strong bounce, and often defines a long-term bottom. The all-time intraday high for TSLA was $389.61 on 2017 SEP 18. Half of that is $194.805. Today’s low was a little under at $193.36, The price has since been hovering around the 50% decline level. Closing above could be an encouraging technical sign.
Last edited:
anthonyj
Stonks
Technicals are broken until Tesla (anyone other than Elon) can calm the market about demand and solvency
TMS
Member
That's why. The yellow area around 180 is a strong support region, with 2 converging lines of support, and as others here mentioned, were also in oversold territory!
anthonyj
Stonks
There is no such thing as oversold when investors are basically chickens running around with their heads cut off. Why can’t we get real guidance? It’s insane. Musk thinks he can save the stock from free fall by saying 90-100k cars? No one believes that. Just like enhanced summon has been coming out next week since November 1st. I’m just hoping that someone large is slowly building up a huge stake in Tesla. Hope isn’t an investment strategy though
TMS
Member
The MACD indicator at the bottom of this chart shows when is the stock overbought (green arrow), and when it is oversold (red arrow).
This is where we are now, in oversold territory (based on an almost 7 months period). This means that a reversal to the upside is possible based on the price movement and other indicators. You can read more about the use of MACD here:
Moving Average Convergence Divergence (MACD)
And no, TA is not dead, if you know how to use it and what to look at. Trading using only fundamentals is like driving blindfolded!
And by the way, this thread is called "TSLA Technical Analysis"
TMS
Member
Another confirmation that TA works, on March 22nd 2019, Analysts at "Cowen" set the $180 price target for TSLA:
TSLA – Analysts at Cowen on Friday lowered their price target on Tesla Inc. shares to $180, from $200.
This price level ($180) figured at least 3 times in the past few years, Goldman Sachs predicted it in 2017, Bank of America in 2018, and even JP Morgan back in February 2015 (it actually went down to $182 a month later!). So $180 is a significant number, mark my words!
TSLA – Analysts at Cowen on Friday lowered their price target on Tesla Inc. shares to $180, from $200.
This price level ($180) figured at least 3 times in the past few years, Goldman Sachs predicted it in 2017, Bank of America in 2018, and even JP Morgan back in February 2015 (it actually went down to $182 a month later!). So $180 is a significant number, mark my words!
TSLA is acting like any other stock that faces headwinds. In this case it is concern over production numbers, FCF, cash burn rate, and Elon losing credibility with Wall Street analysts. As an investor for many years, I've seen this movie many times, so I think that it's going to take some pretty dramatic items to turn the technicals around in any meaningful way.
bdy0627
Active Member
bdy0627
Active Member
Yeah, that's what I'd like to know too, preferably ahead of time.
Similar threads
- Locked
