Technical Analysis of Tesla Stock
Technical analysis can help to determine the best entry point by the price trend analysis, support levels and resistance, and key indicators.
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Supported levels and resistance
Tesla recently $ 377.68 Suggested that this is the key Support Levels Where the stock price may cause stability during the retreat. The opposite, height on the high date of $ 412.64 Act as Resistance levelShow that the care may be faced with challenges. If the Tesla’s stock price breaks over $ 412.64 with strong trading volume, it can be transmitted continuously when difficult.
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The average migration
The Tesla trading above trading above these moving averages will recommend highly recommended, which may be a favorable investors. The retreat near 200-ma can introduce a safer access point.
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Related strength index (RSI)
RSI measures not that any stocks are overbought or oversold:
Investors should monitor the Tesla’s RSI to avoid purchase at inflation.
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Fibonacci Retragment
Fibonacci levels of Fibonacci retracement additional situations for support and resistance:
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38.2% retracement: About $ 385, moderate support level.
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50% retracement: About $ 400, major pivot level.
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61.8% retracement: About $ 420, recommend resistance close to this point.
Buying nearly 385 or $ 47, there is a stop loss below $ 375, can reduce the risk while captures potential.
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MACD (Average Convergence)
The MACD is another key indicator:
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Voltional analysis
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Increased quantity with price increases: Confirm strong concentration.
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Quantity declined with price increases: May illustrate the weak speed, be careful.
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The price level considered
Based on the above analysis, this is a potential entry point:
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Appropriate Import Price: About 377- $ 385, close to the support level.
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Buy Breakout: The higher $ 412.64 has an important volume, a signal to bullish trends.
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Tips Stop Stop: Fall $ 375 to handle the risk.
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Profit Target: Considering profit about $ 420- $ 430 if approaching the support level.
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Last consideration
Tesla’s stock remained an option yet. Its base, leadership in EV and the innovation makes it an interesting long-term investment. However, many multiplied values, add competition, and market fluctuations require careful consideration. The potential investors should conduct research and evaluate their risk tolerance before deciding.
Deciding whether to invest in Tesla related to its greatest growth capacity. Technical analysis provides valuable understanding at the entry point, but investors need to handle their decision with financial conditions and personal finance. For those who consider Tesla, patience and discipline to select the correct price level can be the key for successful investment. CHATGPT-4 analysis allows you to decide the investment with more information?
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