Tsla stock price forecast

The stock price of Tesla (TSLA) is forecasted to have a mixed performance in the coming weeks. Here's a detailed analysis:

1. Short-term Forecast: The stock is expected to experience a slight increase, with a forecast price of $228.66 on September 5, 2024. However, there is a predicted drop in the next three months, with a 90% probability of the price falling between $208.43 and $217.6.

2. Technical Indicators:
   • The stock's 5-day moving average is $215.71, and the 10-day moving average is $213.77. These indicators suggest a slight uptrend in the short term.
   • The MACD is at 3.06, indicating a bullish trend.
   • The RSI is at 61.05, which is neither overbought nor oversold.

3. Resistance and Support Levels: The current resistance level is $222.42, and the support level is $216.63. The stock is trading close to the support level, which could indicate a potential rebound if the price breaks through the resistance level.

4. Analyst Ratings and Price Targets: The consensus rating is "Neutral" with an average price target of $212.94. This suggests that analysts do not see a significant upside or downside in the near term.
5. Market Sentiment:
   • Tesla's stock has experienced a positive sentiment with a bullish signal from both short-term and long-term moving averages.
   • There is a buy signal from the 3-month Moving Average Convergence Divergence (MACD), indicating a potential upward trend.
6. Long-term Forecast: Looking further ahead, the stock is predicted to perform well, with an average price target of $269.25 by 2025. This represents a significant upside from the current price levels.

In conclusion, while the short-term forecast suggests a slight dip in the stock price, the long-term outlook is more positive, with analysts expecting growth in the coming years. Investors should monitor the stock's performance against the resistance and support levels and consider the broader market sentiment when making investment decisions.