Tesla support and resistance
6/14/2024 11:51am
The support and resistance levels for Tesla (TSLA) are not explicitly provided in the references. However, based on the information available, we can infer some insights:
1. **Support Level Inference**: The closest related information is from a trader's cheat sheet that mentions a support zone ranging from $176.01 to $177.28, formed by a combination of multiple trend lines and important moving averages in multiple time frames. This can be considered as a proxy for the support level.
2. **Resistance Level Inference**: The resistance levels are not directly mentioned, but we can use the current price of $182.47 and the recent price increase of 2.92% in the past 24 hours as a crude indicator. The price is trending above the 50-day moving average, which is approximately $180, suggesting a potential upward momentum. However, a more comprehensive analysis would require specific data points and technical indicators to determine the precise resistance level.
In conclusion, while the exact support and resistance levels for TSLA are not provided, the inferred support level is approximately $176.01 to $177.28, and the resistance level may be around $182.47 to $184 based on the recent price trend and moving averages. These levels are subject to change with new market data and should be used as guidelines rather than definitive values.