Tesla price prediction tomorrow

Tesla's stock price is predicted to rise by 0.18% tomorrow, with a trading range between $172.15 and $202.09. Here's the detailed analysis:

1. Recent Performance: Over the past 3 days, Tesla's stock (TSLA) has experienced a decline of 4.71%. This indicates a bearish sentiment in the short term.

2. Price Target and Analyst Consensus:
   • The average price target for Tesla is $183.12, which is above the current trading price, suggesting a potential upside.
   • The consensus rating is Neutral, reflecting a balanced view among analysts.

3. Technical Indicators: Technical indicators show a bearish sentiment, with the majority of moving averages signaling sell signals. This suggests that the stock may face downward pressure in the short term.
4. Market Trends: The broader market trends indicate a potential bullish outlook. Tesla's stock has shown green days and experienced price volatility in the past 30 days. This indicates that the stock has the potential to move in either direction, depending on market sentiment.
5. Long-term Forecast: Long-term forecasts suggest a positive outlook, with predictions for significant growth over the next few years. However, these forecasts are based on historical growth rates and may not accurately reflect short-term market dynamics.
6. Support and Resistance Levels: Tesla's stock finds support at $164.90 and faces resistance at $183.28. The stock may find buying opportunities when it tests the support level.
7. Market Sentiment: The overall market sentiment is mixed, with some analysts predicting a comeback while others maintain a cautious stance. This can lead to volatility in the stock's price.
8. Upcoming Events: Tesla's upcoming earnings report and the release of Q2 delivery numbers could significantly impact the stock's price. These events may act as catalysts for a potential breakout.

In conclusion, while there is potential for a short-term rebound, the bearish sentiment in the short term and the mixed long-term outlook suggest that Tesla's stock price movement tomorrow will be influenced by a variety of factors. Investors should closely monitor market sentiment and upcoming events for a more accurate prediction.