What’s the Fibonacci level for Tesla

The Fibonacci level for Tesla (TSLA) as of May 22, 2024, is $178.12. This is the price level at which the market has shown a tendency to retrace after a significant price increase. The Fibonacci levels are a set of price levels derived from the ratio of the key Fibonacci numbers: 23.6%, 38.2%, 50%, 61.8%, and 100%. These levels are used to predict potential price reversals in the stock market. The current Fibonacci level for Tesla indicates a potential reversal point for the stock, suggesting caution for investors as the stock may see a pullback after a significant uptrend. |Ticker|Name|Support Level|Date|code|market_code| |---|---|---|---|---|---| |TSLA.O|Tesla|178.1200|20240522|TSLA|185|