TSLA Oversold. Long term support on the tableTSLA looks oversold here. With long-term support sitting around 147.50ish I expect a pop in price action. 1st target 157. 2nd target 163. all out 177. Happy tradingLongby xanonymous0utlawxUpdated 116
TSLA → Daily analysishello guys... based on my previous analysis of #tesla: the main trend in the daily time frame is bearish so far! I believe the trendline of the pattern will be breakout after retesting the S&D! meanwhile, the price made a head and shoulders pattern and broke it out! so in a shorter time frame the price will fill the gap to touch the target of the pattern, then we can expect another downward movement! ______________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment Shortby melikatrader94Updated 7726
2024 is gonna be a worst year for tesla ?yess ,, tesla is going to die in 2024 ,, after studied structure and wave theory and pattren carefully iam going to post my view .. the chart is totally based on market structure and wave pattrens .. its weekly based prediction it will take time to procede .. good luckShortby Ttrade-With-LogicUpdated 1
Where Does TSLA Land? Trend - Downtrend confirmed. - Components of the channel chart: The original downtrend channel plus a 100% extended channel. Both channels divided in half by blue dotted lines. The shaded zones furthest from the center represent "overbought/oversold forces," which counterbalance each other. - Currently, the price is descending into the extended channel, suggesting a chance of reaching the lower band of the extended channel. - Note that when the price enters the orange shaded zone, it could move rapidly in one direction, as there is minimal previous support and resistance. - The trend lines serve as potential support and resistance levels. 100% Symmetrical Projection: Downtrend “N” Patterns - A 100% Symmetrical Projection of the previous swing (from A to B) and then projected from C. As a result, D is the initial target price on the short side. - The 0.5 level from C to D serves as a clear support, enhancing the value of this projection. N Pattern’s Target Price & Fibonacci Price Cluster - The target price of $116 at level D aligns with a major prior low on the weekly chart. - Levels 1 & 2 are significant due to the price cluster effect, demonstrating the validity of the extension of the prior major swing. - Consequently, Level 3 has a good chance of becoming a critical support and a potential target price. Conclusion - In comparison with symmetrical analysis, TSLA's trend channel chart provides higher reference value. - The dynamic target price is the lower band of the extended channel. - The fixed target price (strong support) could be $122, followed by $116. Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.Shortby stock_adelieUpdated 6
Tesla Analysis Pre earnings (pt. 2)Continuation of my last video, where I think Tesla will bottom, long term price targets, etc.Long20:00by Jonalius3
Tesla Analysis Pre earnings (pt. 1)Part 1 of my analysis on tesla stock going into earnings & when I expect Tesla to bottom!Long20:00by Jonalius2
Tesla UpdatePrice has extended down a little further than anticipated in what I am calling wave iii. You may notice on the chart I have some turquoise labels. These are to show the ALT ways this could be counted. The difference is mostly academic as they both end at the same point. If this is the ideal count, then we should get a retrace higher tomorrow to the high $140's - $150 area as stated in my midday update. That would complete wave iv and leave a mini-5-wave move for OML. After so long of price decreasing it feels weird to say that should be the long-term bottom. however, that is what I am calling for. There is always the chance this thing extends lower, and in fact, would not surprise me in the slightest. The market is in a very precarious position. Also, the historical reaction to Tesla earnings along with the abysmal data that is expected, I would be more surprised if price didn't extend lower. Tesla can fall all the way to the $105 area and still be considered normal as that is where the yellow 1.618 is. The larger orange 1.618 is at $131.18. Essentially what I am trying to say is very careful. Tesla is historically volatile and can have wild swings either way. Yes, I feel we are in the area for a "STANDARD" ending for price to reverse. However, things don't look good for Tesla from a news perspective. This is what makes me feel price will likely extend lower. If you start to build any kind of position on the long side, make sure to have a plan first. Set a firm stop limit to minimize any potential losses and stick to it. If I am right and we're approaching a long-term bottom, there is still a LOT of meat left on the bones.by TSuth4418
Elliott Wave Analysis on Tesla (TSLA): Is Correction Over?Short Term Elliott Wave view on Tesla (TSLA) suggests decline from 2.27.2024 high is in progress as a 5 waves impulse lower. Down from 2.27.2024 high, wave 1 ended at 160.51 and rally in wave 2 ended at 184.25. Down from there, wave ((i)) ended at 162.01. Wave ((ii)) rally ended at 170.21 as the 45 minutes chart below shows. Down from wave ((ii)), wave (i) ended at 169.90 and wave (ii) rally ended at 175.88. The stock extended lower in wave (iii) towards 153.75 and wave (iv) ended at 159.79. Expect the stock to extend lower in wave (v) towards 145.3 which completed wave ((iii)). The stock bounced in wave ((iv)) ended at 150.94 and the stock turned lower in wave (v) towards 138.80. This completed wave 3 in higher degree. Wave 4 bounce is in progress to correct cycle from 3.26.2024 high in 3, 7, or 11 swing before the stock extends lower. Near term, as far as pivot at 179.2 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential support area is 100% – 161.8% Fibonacci extension from 7.19.2023 high. This area comes at 95.4 – 160.2. Thus, the stock is already in the support zone and thus can end the correction anytime and turns higher.by Elliottwave-Forecast1
TSLA Harmonic Elliott Wave and Hurst's Cyclic AnalysisReview: My last update on TSLA was a long time ago, published on January 6th. At that time, I had TSLA in a wave 2 ascending triangle that would consolidate until July before breaking higher. My overall expectation was definitely less bearish than the reality. Update: Analysis of the Structure: TSLA wave 2 turned out to be a triple zigzag. Right now, we are in wave III of (c) of z of 2. 121.52 is a potential target for the bottom. I think the earnings report of tomorrow will cause a small gap up that makes wave IV to develop as a triangle, taking a little bit of time to break lower again, as wave V. Analysis of the Cycles: February 5th was the third 20W cycle trough in the current 18M cycle. Today can be the first 80D cycle trough in the current 20W cycle. This means we will have a small bounce (brief pause in the downward move) before starting the last (most bearish) phase. Early July is my expected date for the 18M cycle trough.by bamdadsalarieh4
TESLA: Oversold. Can the price cuts stop the bleeding?Tesla announced aggressive price cuts globally on their main model lines as well as its FSD and is reported that a 20% headcount reduction is pushed. Further decline on today's opening has pushed the 1W technical outlook to the brink of oversold territory (RSI = 32.105, MACD = -19.430, ADX = 47.504) and bottom of Channel Down that started last July. So can these brave measures to a dismal Q1 delivery report counter the declining global demand and price competition from Chinese EV producers and restore the stock price to where it was earlier this year? Well one thing's for sure, TSLA has been in this situation before. The growth pattern from 2019 to today is very much like the one from 2012 to 2017. Both started with immense parabolic growth that peaked and declined towards the 0.382 Fibonacci and rallied again after forming a bottom. We are now at the stage where Tesla founf support in late 2016 near the 0.786 Fib of the corrective wave. The 1W RSI patterns are similar as well. As long as the 0.786 Fib holds we expect at least $500 by mid 2025. It is very likely that tomorrow's earnings report coupled with the price cuts will be the fundamental base that the company needs to restore investing appetite back. On the long term this appears to be a worthwhile low risk entry for the undisputable leader of the EV market. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope14
TSLA still on the sideline NASDAQ:TSLA showing signs of a reversal on the daily chart. Momentum indicators (middle) suggest strength to the upside although volume (bottom) is weak and for this reason I will remain on the sidelines at this point in time. PS. The volume indicator is a proprietary oscillator that combines both Chakin Money Flow and On Balance Volume Flow concepts. It is used as a trade filter.by et20tradeviewUpdated 0
It might surprise usWhile everybody is asking why the sell off yesterday and now switching to bear mode, this one is doing its thing. I think the market has punished enough this stock in short term, and investors are buying. The strategy here is buy some now, if it drops to the base of the large triangle buy more (around 145), if on the other hand breaks up the falling wedge buy again and hold until price touches the upper vertex (200 or so). SL very wide 120 or so. Longby ArturoLUpdated 1115
$TSLA may see $103 NASDAQ:TSLA is continuously falling and breaking all support levels. After the earnings miss on 23 April the price could touch the $103 range. This is a medium term target. This is not a financial advice.Shortby dauliyabishowUpdated 336
$TSLA rising wedge daily candles... Plus Head N Shoulder Topsswitch to hourly or 4hr candles for even closer view of wedge, but i like to zoom out for big picture so as to not get caught up in a dead cat bounce hype... Personally love TSLA, but I love Technicals more... Shortby Prophecies_R_UsUpdated 5
@tsla needs cross 180 to buy looking for a breakout from 180 - then the next level will be 210.. by wiseinvertor1288Updated 5
$TSLA #TESLA On an important wedge.NASDAQ:TSLA #TESLA Is currently testing a significant 4 years old wedge for the 3rd time. The stock has lost more than 60% in the last 10 months. Inflation and Tesla's layoffs are the obvious drivers for the recent fall. Below current level, is a free fall to a hard to anticipate zones. Keep it simple. #AHMEDMESBAHby AhmedMesbah113
Stocks pairs trading: GM vs TSLAWhen evaluating the investment potential using a stock pairs strategy between General Motors Co. (GM) and Tesla Inc. (TSLA), certain financial metrics guide the decision to go long on GM and go short on TSLA. Here's a detailed comparison: Reasons to Consider Buying GM: Valuation and Earnings Growth: GM's forward P/E of 4.70 is significantly lower than TSLA's forward P/E of 39.32, suggesting that GM is relatively undervalued. GM’s expected EPS next year is $9.08, showing strong profit potential. In contrast, TSLA’s anticipated EPS next year is only $3.64, despite its higher market valuation. Market Performance and Financial Stability: GM has shown a positive performance over the last half year with a gain of 45.65%, and its year-to-date performance is also strong at 18.93%. This stability is coupled with a robust book-to-share value of $53.57, underscoring financial solidity. Reasons to Consider Selling TSLA: High Valuation with Lower Growth Prospects: TSLA’s high forward P/E ratio coupled with a relatively modest EPS growth projection for the next year (36.28%) compared to its current valuation indicates potential overvaluation. Recent Market Performance: TSLA has experienced significant declines across various time frames: -11.45% over the past week, -17.26% over the past month, and a substantial -31.52% over the past quarter. Such volatility might be concerning for risk-averse investors. Profitability Concerns: Despite higher gross margins, TSLA’s profitability margins like ROI (21.69%) and operating margin (9.19%) do not fully justify its high valuation, especially when compared to its current market challenges. Decision: Long on 3 GM : This position benefits from GM's lower valuation, strong earnings outlook, and recent positive price performance. Short on 1 TSLA : This position is justified by TSLA’s high valuation, less favorable growth outlook, and recent negative price movements.by joyny0
Tesla Inc. ($TSLA) Announced Price Cuts Across its Electric CarsTesla ( NASDAQ:TSLA ) recently announced sweeping price cuts across its electric vehicle (EV) lineup and Full Self-Driving (FSD) technology, signaling a strategic shift amidst mounting challenges. However, as the stock continues its downward spiral, investors are left pondering whether these aggressive pricing maneuvers will be enough to steer the company back on course. A Strategic Pivot Amidst Turbulent Times Tesla's decision to slash prices on EVs and FSD comes at a critical juncture for the company. With Elon Musk postponing a highly anticipated trip to India and reports swirling about delayed plans for a Tesla factory in the region, the EV giant finds itself navigating choppy waters both at home and abroad. The latest round of price cuts underscores Tesla's efforts to stay competitive in an increasingly crowded market while grappling with supply chain disruptions, geopolitical tensions, and regulatory scrutiny. Yet, amidst these headwinds, questions loom large about the sustainability of Tesla's growth trajectory. EV Price Wars: By reducing the entry prices of key models like the Model Y, Model S, and Model X, Tesla aims to stimulate demand and maintain its market dominance. However, with production constraints still a concern, the impact of these price cuts on profitability remains uncertain. Will lower prices be enough to offset rising costs and dwindling margins? Moreover, the decision to leave Cybertruck and Model 3 prices unchanged raises eyebrows, hinting at potential supply chain constraints or strategic prioritization. As competitors ramp up their EV offerings and governments incentivize electrification, Tesla ( NASDAQ:TSLA ) faces heightened pressure to deliver on its promises while staying ahead of the curve. FSD: A Price Cut or a Pricing Conundrum? Tesla's ( NASDAQ:TSLA ) move to reduce the price of its FSD technology reflects a broader push to democratize autonomous driving. However, the disparity between the subscription and purchase options raises questions about the company's revenue model and long-term viability. While a lower FSD price may entice more customers to opt in, the subscription model could cannibalize upfront sales and erode profitability over time. With Musk doubling down on autonomous driving as a cornerstone of Tesla's future, striking the right balance between accessibility and profitability remains a formidable challenge. Earnings Call Anticipation: Seeking Clarity Amidst Uncertainty As Tesla ( NASDAQ:TSLA ) prepares to release its quarterly earnings, all eyes are on Musk and company executives to provide clarity on the company's strategy and outlook. Amidst swirling rumors of workforce layoffs and production setbacks, investors are hungry for reassurance that Tesla can weather the storm and emerge stronger than ever. Conclusion: Tesla's pricing gamble represents a calculated bet on the company's ability to navigate the turbulent waters of the EV market. As competition heats up and external pressures mount, Tesla must tread carefully to strike the right balance between growth and sustainability. While price cuts may provide a short-term boost to demand, the long-term success of Tesla hinges on its ability to deliver on its promises, innovate in the face of adversity, and stay ahead of the curve in a rapidly evolving industry. As investors brace for Tesla's earnings call, one thing remains clear: the road ahead is fraught with challenges, but for those willing to take the journey, the rewards may be greater than ever imagined.by DEXWireNews3
Tesla on important triangle support, great risk-rewardTesla is getting way oversold and has reached an important support of the line linking the lows which represents the bottom of its large triangle pattern. We are expecting at least a rebound here but potentially the start of a new upleg as long as the $136 area holds. A break above the upper line of the triangle near $235 would open much higher levels while a break below would invalidate this bullish view.Longby powerintegral2
Will Tesla see $100 Before $210?I am not a stock trader and at the end of the day could care less where these assets go but do occasionally trade them when the technicals indicate the potential for large moves creating rare oppertunities. Forcast from July 2023 linked below indicated a likely larger decline and since price has come down 40%. The forcast called for reevaluation at the main macro uptrend. Price has arrived at that trend line, broke through it and current retesting from the bottom side. If buyers fail to reclaim these level are larger decline as forcasted may become a reality. Bear in mind these are "forcasts"... not predictions. Price is unpredictable but scripture teaches there is nothing new under the sun and reoccuring patterns are predictable. It is the job of each operator to make his or her own decisions and react accordingly to price action as it presents its self in areas of interest. Current Trading Plan: Reenter a short postion in the 200-210 area if we see a reaction indicating a rejection. IF we see this rejection target will remain the same $70-$80. IF price brakes above the main trend again and consolidates likely will see higher prices. Trade Well... Your Friend, DegenShortby Degen-DynastyUpdated 373742
Tesla After a long bull run on Tesla we are starting to see weakness on the Monthly TF. We have broken market structure on the Monthly and we could be looking for short opportunities on the lower TF's Target 1 is at $23Shortby Anele_888Updated 1
TSLA: The ride has been good, but all good things come to an endTomorrows earning report might be one of the worst Tesla earning reports they had in a while. Layoffs, social media pressure, Elon Musk did not get his cash and is trying to get the cash, lackluster demand, EV problems. Expect a sub-115 USD pricetag by weeks end.Shortby RedridgeCapitalUpdated 112