What is the prediction for tesla tomorrow
8/20/2024 07:34am
**Tesla's stock is predicted to rise by 2.08% tomorrow**. This conclusion is based on the positive trend forecast and the bullish sentiment among financial analysts and bloggers.
1. **Short-term Trend Forecast**: The short-term trend forecast for Tesla (TSLA) is currently unavailable. However, the sentiment is bullish, with a 90% probability of the stock price rising by 24.07% over the next three months.
2. **Technical Analysis**: The stock's technical indicators suggest a bullish sentiment. The 50-day simple moving average (SMA) and the 200-day exponential moving average (EMA) are both bullish, with values above the current trading price. Additionally, the stock has a buy signal from the short-term Moving Average Convergence Divergence (MACD), indicating potential upward momentum.
3. **Market Sentiment**: The overall sentiment for investing in Tesla is positive, with a sentiment score of 66 out of 100, indicating a bullish outlook. Furthermore, Tesla's sentiment based on opinions from Stocktwits, SeekingAlpha, and other bloggers is 2.70% more bullish than other Consumer Cyclical sector stocks.
4. **Analyst Ratings and Price Targets**: Despite some negative signals from analysts like Toni Sacconaghi and Craig Irwin Roth, the majority of analysts have a positive outlook on Tesla, with an average 12-month price target of $211.46, which represents a 5.73% upside from the last price of $200.00. Additionally, long-term predictions for Tesla's stock price are quite bullish, with targets like $749.47 by 2029.
5. **Support and Resistance Levels**: The current support level for Tesla is $212.85, and the resistance level is $218.31. The stock is trading close to the support level, which could indicate a potential upward movement if the support holds.
6. **Net Fund Flow**: The net fund flow for Tesla is negative, with a total of $1.42 billion outflows on August 16, 2024. However, this does not necessarily contradict the bullish outlook, as it is common for stocks to experience outflows during periods of consolidation or before a potential upward move.
In summary, the combination of a bullish short-term trend forecast, positive technical indicators, and a generally bullish market sentiment suggests that Tesla's stock is likely to rise tomorrow.