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Tesla Technical Analysis - Tesla Trading: 2024-12-03
Tesla Technical Analysis Summary
Above 359.74
Buy Stop
Below 328.42
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Tesla Chart Analysis
Tesla Technical Analysis
The technical analysis of the Tesla stock price chart on 4-hour timeframe shows #S-TSLA,H4 is rebounding above the 200-period moving average MA(200) after retracing down following a rise to 32-month high a week ago. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 359.74. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 328.42. After placing the order, the stop loss is to be moved every day to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (328.42) without reaching the order (359.74), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Tesla
Delaware court reaffirmed its decision to invalidate Elon Musk's landmark compensation package. Will the Tesla stock price continue rebounding?
Chancellor Kathaleen McCormick of the Delaware Court of Chancery reaffirmed her January decision that declared Musk's $56 billion compensation package excessive and voided it. The court ruling that the Tesla CEO is not entitled to his $56 billion compensation package stated the 2018 pay plan was far beyond comparable corporate compensation standards despite Tesla shareholders voting to reinstate it. Tesla said it will appeal the decision. Tesla shares fell 1.3% in after-hours trade following the ruling. However, the current setup is bullish for Tesla stock price.
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