How does TSLA's historical price performance indicate potential support levels?

Tesla's historical price performance indicates several potential support levels for the stock:

1. **Current Support Level**: The current support level for Tesla (TSLA) is approximately $386.5. This is the price level at which the stock has shown a tendency to bounce back up after experiencing a decline.
2. **Recent Performance**: TSLA's stock price has been stable with a slight decrease from $411.05 on January 6, 2025, to $398.09 by January 28, 2025. This suggests a narrow range of support, indicating a potential for price movement but also a stable floor.
3. **Historical Support Levels**: Over the past year, TSLA has experienced several support levels, including $183.67 on January 29, 2024, $173.7 on March 7, 2024, and $153.78 on April 17, 2024. These levels may act as potential support in the future.
|Ticker|Name|Date|Support Level|code|market_code|
|---|---|---|---|---|---|
|TSLA.O|Tesla|20250128|386.5000|TSLA|185|

4. **Market Sentiment**: Despite the recent fluctuations, market sentiment remains positive, with analysts setting an average price target of $3050, suggesting a potential for further price appreciation.

In conclusion, Tesla's historical price performance indicates a range of potential support levels, from the current $386.5 up to historical marks like $183.67 and $173.7. These levels, combined with positive market sentiment, could provide a stable foundation for the stock's future performance.