📈 What is the current technical outlook for Tesla's stock?
4/17/2025 04:02pm
The current technical outlook for Tesla's stock (TSLA) is as follows:
1. **Current Price Strength**: The stock is currently trading above its 50-day moving average of $193.47, indicating a **bullish trend**.
2. **Resistance Level Considerations**:
- The resistance level to watch is **$274.69**, which is a significant level that, if surpassed, could indicate a strong upward momentum.
- Another important resistance level is **$245.28**, which is closer to the current price range and could act as an intermediate barrier.
3. **Moving Averages Analysis**:
- The 5-day moving average is $250.54, the 10-day moving average is $248.68, and the 20-day moving average is $257.87. The short-term moving averages are above the long-term moving averages, indicating a potential upward momentum.
- The 30-day moving average is $252.47, the 50-day moving average is $283.15, and the 60-day moving average is $302.61. The middle-term moving averages are also above the long-term moving averages, suggesting a continued upward trend.
- The 120-day moving average is $332.55, the 200-day moving average is $268.17, and the 250-day moving average is $291.1. The long-term moving averages are below the middle-term moving averages, indicating a potential upward momentum from a longer perspective.
|code|Ticker|Name|Date|Closing Price|market_code|
|---|---|---|---|---|---|
|TSLA|TSLA.O|Tesla|20250416|241.55|185|
|code|Ticker|Name|Date|Support Level|Resistance Level|market_code|
|---|---|---|---|---|---|---|
|TSLA|TSLA.O|Tesla|20250416|233.8900|251.9700|185|
|code|Ticker|Name|Date|Moving Average|market_code|
|---|---|---|---|---|---|
|TSLA|TSLA.O|Tesla|20250416|250.5440|185|
|code|Ticker|Name|Date|Boll|RSI|KDJ|MACD|market_code|
|---|---|---|---|---|---|---|---|---|
|TSLA|TSLA.O|Tesla|20250416|257.8700|41.1109|53.7048|3.0114|185|
4. **Fibonacci Retracement Consideration**: The 618 Fibonacci retracement level over the past year is $354.94. This level is significantly above the current price range and could act as a long-term resistance if reached.
5. **Technical Indicators Analysis**:
- The Relative Strength Index (RSI) has been moving up from the oversold zone, indicating a potential upward momentum.
- The Moving Average Convergence Divergence (MACD) is positive at 3.01, suggesting a bullish trend.
- The KDJ indicator is at 53.7, which is typically considered a neutral range but can also indicate an oversold or overbought condition, depending on the context.
In conclusion, the current technical indicators suggest a **bullish outlook** for Tesla's stock, with potential for upward movement. However, it's important to monitor the stock's performance closely, especially considering the resistance levels and technical indicators that could influence short-term fluctuations.