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Tesla Technical Analysis - Tesla Trading: 2022-12-22
Tesla Technical Analysis Summary
Above 135.69
Buy Stop
Below 154.97
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
Tesla Chart Analysis
Tesla Technical Analysis
The technical analysis of the Tesla stock price chart on 4-hour timeframe shows #S-TSLA: Daily is retracing down under the 200-period moving average MA(200) after a rebound following a drop to two-and-half-year low a month ago. The RSI is in the oversold zone. We believe the bearish momentum will continue after the price breaches below the lower boundary of the Donchian channel at 135.69. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed at 154.97. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (154.97) without reaching the order (135.69), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Tesla
Tesla’s stock dipped despite news Morgan Stanley restated its Overweight rating for Tesla. Will the Tesla stock price reverse its retreating?
Morgan Stanley reiterated an Overweight rating and $330 price target on Tesla shares in their note on Wednesday. Morgan Stanley analysts based their confidence in the ability of the EV leader to keep its hegemony by putting to good use its cost and scale advantages. The note said Morgan Stanley expects EV price cuts started by Tesla in China to spread to Europe and US, which will help EV mass adoption and also “depress the returns of many of the companies expected to compete against Tesla." Tesla’s stock edged down 0.17% on the day after the news.
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