support and resistance levels for tsla

Does anyone know how figure out the support and resistance levels on a any stock when doing a chart for day trading ? to move between $186.57 and $209.01, 0. which gives a possible trading interval of +/-$11.22 (+/-5.67%) up or down from last closing price. Dropping below lower trend line would favor bearish expectation with a bounce at $550-$600 and a bottom at $250-$300. The technicals for these will appear immediately on your My Stocks Page. "FUD Filters | We need standards to crack down on spam. First, identify all the swing highs and lows in the chart. We might be getting another chance to hop in the selloff with yet another retracement opportunity! A beautiful 4% move from Tesla on Thursday saw it retrace up to the 200-day moving average at $590. The 52-week high for Tesla Stock is $384.29 and the 52-week low is $101.81. Blue below the current price and red above will tend to keep trading in a narrow band, whereas blue above the current price, or red below can produce a breakout where each new price level is confirmed by a new signal. Tesla's daily chart also shows a . What is the market capitalization of Tesla Stock? As for the downside, Tesla stock had a very nice undercut of the prior 2022 low and a subsequent bounce. Short TSLA near 842.30, target 694.72, Stop Loss @ 844.73. Tesla (TSLA) near support level according to Elliott Wave [Video] Tesla ended cycle from 1.6.2023 low at 217.82. The popular 61.8% Fibonacci retracement level of the March 2020-Jan 2021 swing High move is down near $400 and this is also a reaction zone for the stock. Access those real time updates for this and 1000 other stocks here. Discover hot stocks and investing tips from Cabot analysts in our free Cabot Wealth Daily newsletter delivered right to your inbox. Stock ChartPoint & FiguresProfile GraphVolume Profile, QuotesFundamentalsIntrinsic ValueProfilePerformancePerformance & Speculating IndexHistory, Intraday AnalysisShort-Term AnalysisMid-Term AnalysisLong-Term AnalysisSummary SentimentCheat SheetFibonacciSupport/ResistancePivots (weekly/monthly), ADXRAroonAwesome OscillatorBalance of PowerCCIChande MomentumCLVCoppock CurveDerivative Osc.DPOElder RayMACD (EMA)MACD (SMA)PPOPMORelative MomentumRate of ChangeRSI IndexStochasticsStochastics MomentumStochastic RSISwing IndexTrend IntensityTRIXTrue StrengthUltimate OscillatorVertical Horizontal FilterVortex IndicatorWilliams' AD, Average VolumeAccum / DistrChaikin MFEasy of MovementForce IndexMoney FlowMV Money FlowNegative & PositiveOn Balance VolumeSB VolumeSBV FlowTwiggs MFUp-Down MomentumVolume AccumulationVolume-Price TrendVolume OscillatorsVolume RSI, Average True RangeBetaBollinger BandsChaikin VolatilityEfficiency RatioMass IndexProbabilityRelative VolatilityTurtle ChannelStandard DeviationVolatilityWilder's SystemUlcer Index. But the stock faces a binary event with the earnings on tap, so the chart could become more constructive if the reaction to the earnings is favorable. It seems that every time Tesla makes a move of 8-12 dollars up the traders take it back down. here for our free guide on how to buy Tesla Stock. Price is forming a continuation pattern to the upside. TSLA could easily climb to the $214 again, but only a true breakout would make it resume the bullish bias again; The bottom line: $250 to $260 is critical on the upside and the low-$200s are key on the downside. We do the work. Download Free PDF. Necessary cookies are absolutely essential for the website to function properly. In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too. Get Notified When our Ratings Change: Take a Trial. If you're new to trading, it can be tricky trying to figure out how to look at charts and draw lines. The technical summary data is suggesting a short of TSLA if it tests 191.87 with a downside target of 190.09. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. You will have 24/7 access to real time updates. It identified the Internet Debacle before it happened. The EV companys shares rallied despite warnings from regulators. Note: This article was written with the help of Cal Stanke, co-founder of ChartSetups.com , where he uses PBV . 842.30 is the first level of resistance above 773.6, and by rule, any break above resistance is a buy signal. This is a level when Pivot Point trader usually sets a stop-loss. We promise to never sell, rent or disclose your email address to any third parties. What is the symbol for Tesla Stock and on which exchange is it traded? Wave B price correction is being completed. If the stock breaks $200, it puts the $182 to $192 zone on tap, and as one can see from the weekly chart, this would be a critical zone for the bulls to hold should it come to that. The data also tells us to set a stop loss @ 840.33 in case the stock turns against the trade. represents a level at which traders stop initiating their short positions, because they believe that price of the instrument has become cheap enough. In that case, TSLA could resume its slide to nearby support levels like the swing low at $102.50. Our gain and loss percentage calculator quickly tells you the percentage of your account balance that you have won or lost. TSLA Pivots are also available on our stocks charts - use them for liable technical analysis. From the October lows, the stock advanced to the new support-turned-resistance level around 42.5. These are shaded in blue if the common interpretation of the signal is bullish, and shaded in red if the common interpretation of the signal is bearish. The stock should be watched closely. On the other hand, the market can also go down however if the vwap indicator as well as the support line are forcefully broken by a big red Markets bounced strong today but will Tsla join or be the one to take the hit so the other stocks can run? $188.13 Discussion about TESLA Stock (TSLA) and its technology. Reddit and its partners use cookies and similar technologies to provide you with a better experience. These moving averages arethe calculated price which the underlying symbol needs to reach for the price to be considered "above the moving average." H. 1010.67. When a stock approaches either line, maybe a bounce happens a few cents from the support or resistance. Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. This data also tells us to set a stop loss @ 64.98 to protect against excessive loss in case the stock begins to move against the trade. Thats quite the wide range. welcome to this free and educational multi-timeframe technical analysis . Join my premium service and get trade alerts with a full trading plan. 1) Range trading. Get SPY TSLA Pivot Points. When you join us, you get full access to our expertly curated collection of free investing reports, including 5 Best Stocks to Buy this Month, How to Find Undervalued Stocks, 10 Forever Stocks to Buy, and more. If thats the case, stay on the lookout for a potential upside breakout and reversal from the drop! However, there are some signs that buyers are refusing to let up. The company markets and sells its vehicles directly to consumers through the phone and Internet, as well as through its network of Tesla stores. Share this post. EUR/CAD 1-hour Forex Chart by TradingView. at different scales, different indicators allow different levels of prediction. Learn how to trade forex in a fun and easy-to-understand format. There we find a key resistance zone from the summer that I had hoped would act as support amid the current pullback. TSLA: Bullish Reaction Inside a Trap Zone. SPY expected move +/- 2.5 today. Trading or Investing inTesla Inc.(NASDAQ: TSLA) involves an observation of the technicals, every time. when price moves between Pivot Point and support (negative day), a technical analyst says that the Bears are stronger than the Bulls, yet the bears are not as strong as they were yesterday. Its even easier to sell out of a company that attracted as many unflattering headlines (and federal hand-wringing) as Tesla did. Support and resistance on Tesla. How to buy TSLA stock and grow your wealth. attractive and any bets should be held until the stock is closer to the support level. Thats followed by the much larger gap-fill near $262.50. In this case, if resistance 842.30 is being tested, so a short signal would exist. [text_ad use_post='129629']. Support and resistance levels are widely used in technical analysis to find prices at which the instrument is considered either overbought or oversold resulting in potential change of trend. In this case, if resistance, 191.87, is being tested a short signal would exist. In some cases you may see references to weekly, monthly and even yearly Pivots. The typical settings for moving averages to act as dynamic support and resistance levels are 50-period MAs, 100-period MAs, and 200-period MAs. Daily Support: 1089; Daily Resistance: 1118.95; Short term support and resistance levels are 1061.99 and 909.17 The support & resistance points are valid for intra day trading. There are up to six free stock reports per day. Into 2023, if the US goes into a recession as predicted, we . Trading Experience: 20+ years. The selling pressure has continued into this morning's trading, to a corrective low at 185.82-- beneath my 4-week support zone that now serves as resistance from 188.40 to 191.60. . Buy TSLA slightly over 65.17 target 235.18 stop loss @ 64.98, Short TSLA slightly under 235.18, target 65.17, stop loss @ 235.86, Buy TSLA slightly over 191.87, target 207.16, Stop Loss @ 191.32. Today I was watching TSLA and was carefully watching the 855 level for a strong support level. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). GET FREE WATCH LIST. So that's the range I'm watching: $150 to $167.50. Get Notified When our Ratings Change: Take a Trial. It is easier to predict short times into the future. Still juicy and very profitable. If a resistance or support level is associated with increasing volume, the trend becomes more valid. 842.30 is the first level of resistance above 773.6, and by rule, any test of resistance is a short signal. Strong Move today on Lower Volume . Elon Musk had a rough summer, and Tesla (TSLA) investors paid the price for it.