Tesla Sell Signals Confirmed (Technical Analysis, Downgrade)

seekingalpha2023-05-23

As the electric vehicle ("EV") battle heats up and the pawns take on the king, in this case the auto industry taking on Tesla, Inc. (NASDAQ:TSLA), we can expect TSLA's growth and profitability to ...

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Comments

romanc9
2023-05-23
romanc9
Always some idiotic write out for a sell, Tesla moved north.. Haha.. Do they really know the company? Just said I am a shortist and I will keep selling, talk so much no fundamental facts. Every counters has their days, important how they bounced back. For tesla, always bounced back.
a4xrbj1
2023-05-23
a4xrbj1
Man, what a rubbish articles and a lame try from a short seller who's loosing money on the current Tesla run.
Kobeba
2023-05-23
Kobeba
This writer is a shorter lol
TassieCraig
2023-05-23
TassieCraig
Typical SA post, ignores the fact stock has increased over the last week 😂
Kekemon
2023-05-23
Kekemon
Lol. So certain. Must buy in already.
MIe
2023-05-23
MIe
Tesla is a darling leading edge Adas software big tech company .. more upside to come with new models n cyber truck and scale up globally 😉

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(NASDAQ:TSLA), we can expect TSLA's growth and profitability to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4606449-tesla-sell-signals-confirmed-technical-analysis-downgrade\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OEX","symbol_name":"标普100","start_time":0,"source_url":"https://seekingalpha.com/article/4606449-tesla-sell-signals-confirmed-technical-analysis-downgrade","article_id":"2337622107","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2337622107","pubTimestamp":1684798085,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"As the electric vehicle (\"EV\") battle heats up and the pawns take on the king, in this case the auto","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"OEX":"标普100","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","BK4511":"特斯拉概念","SDS":"两倍做空标普500ETF","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4588":"碎股","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","TSLA":"特斯拉","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4534":"瑞士信贷持仓","BK4555":"新能源车","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4585":"ETF&股票定投概念","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IVV":"标普500指数ETF","UPRO":"三倍做多标普500ETF","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4527":"明星科技股","BK4559":"巴菲特持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","SSO":"两倍做多标普500ETF","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4550":"红杉资本持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","SPXU":"三倍做空标普500ETF","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B"},"translate_title":"特斯拉卖出信号确认（技术分析，降级）","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,"ESmain":0.6,".SPX":0.6,"IVV":0.6},"content_text":"As the electric vehicle (\"EV\") battle heats up and the pawns take on the king, in this case the auto industry taking on Tesla, Inc. (NASDAQ:TSLA), we can expect TSLA's growth and profitability to suffer. That means that TSLA's P/E and PEG likely will come down. The way that is accomplished is by a falling price for TSLA stock. That is exactly what is happening, as you can see on the chart below.Tesla is in a bear market looking for a bottom, not unlike the overall market, as represented by SPDR® S&P 500 ETF Trust (SPY). The overvaluation of the mega-cap stocks that move the SPY higher continues. When the recession comes, these overvalued stocks should drop to the levels of last October, if not lower, especially TSLA with a Beta of 2. You can see the SPY breakout on the chart below, and we think this is the last hurrah for the October bounce. When the SPY turns down, it should take TSLA with it.Everyone knows the growth cycle. The new company is growing like crazy and then the competition comes alive. The growth begins to slow, especially as the company becomes larger and larger. Finally it morphs from growth to value, a blue chip paying dividends. TSLA has moved from being aggressive growth to slower growth, but with a long runway still ahead of it. The only problem with that picture is that it is overvalued and price has to come down. Then there was the dumping of stock on the market so Elon could buy Twitter. Increased supply brings price down. Plus, institutional ownership of TSLA stock is a very low 44%.All of this is well known by the market and can be seen in price trends. The short, intermediate, and long-term price trends are down and price is continuing a downward movement. You can see this on the chart below. The 200-day moving average, long-term trend is down. So is the intermediate 50-day trend and the short term 20-day trend moving average. TSLA is underperforming the market, and portfolio managers are dumping it because it is hurting their performance. You cannot beat the Index by holding underperforming stocks. However, bottom fishers do buy underperforming stocks like TSLA if the price is low enough.Now, if TSLA could beat all the competition and maintain its aggressive growth in the future, that would change the downtrends. If its earnings revisions improved dramatically, that would change the downtrends. However, the market right now does not see that happening for TSLA and that is why price continues to drop. Great company, great profits, ahead of the competition, but how long will that last in such a competitive industry? TSLA is going to lose market share and the market is trying to compute how fast that is going to happen and how to value TSLA stock accordingly. Right now it thinks the price is too high. The charts show price dropping for that reason.In our previous article, we showed the downtrends and the sell signal after earnings. When price gapped down after earnings, the bargain hunters came in and took the price back up, filling the gap down. This is classical technical movement of price. TSLA is in a downtrend, but it is not going to dive to the bottom. It is moving down in a very orderly manner to the next support level and then bouncing as the bargain hunters come in again. Then it goes down lower than before, forming the classical lower-high and lower-low in price until it finally hits bottom.You can see the last bottom was $102 and you can see price moving in a slow, and orderly manner, back down to retest that price. As noted above, any improvement in growth, earnings revisions and profit margins would change the outcome. We don't think that happens. We see the growing competition taking market share from TSLA. The competition has shown that they are willing to lose money to catch up with TSLA.Technically, we look for bounces in prices to change our Sell Signals. In the case of TSLA, we can see that the current bounce has not changed our Sell Signal, which uses both technicals and fundamentals. When this happens on a bounce, that becomes a confirmation of the Sell Signal and we expect the stock to move lower. That is what you can see on this weekly chart below:TSLA bounce fails to change sell signals. (stockcharts.com)Meanwhile the market has recently helped the TSLA stock price, along with the Musk interview. As you can see on the SPY chart below, there is a positive breakout above $420. This was caused by positive, no-default talk, but on Friday negotiations broke down and the SPY dropped below $420 looking for support at $415. On Sunday, Biden was on TV about negotiations and in touch with McCarthy.Here is the daily SPY chart, and it still is holding on to our vertical, blue line buy signal. That could change with further bad news on the debt ceiling negotiations.SPY drops on debt ceiling news (stockcharts.com)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9970464102,"gmtCreate":1684839755506,"gmtModify":1684840045733,"author":{"id":"4102495020619380","authorId":"4102495020619380","name":"romanc9","avatar":"https://static.tigerbbs.com/76bfe37245defa055adfff7453f1520f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"4102495020619380","authorIdStr":"4102495020619380"},"htmlText":"Always some idiotic write out for a sell, Tesla moved north.. Haha.. Do they really know the company? Just said I am a shortist and I will keep selling, talk so much no fundamental facts. Every counters has their days, important how they bounced back. For tesla, always bounced back.&nbsp;","listText":"Always some idiotic write out for a sell, Tesla moved north.. Haha.. Do they really know the company? Just said I am a shortist and I will keep selling, talk so much no fundamental facts. Every counters has their days, important how they bounced back. For tesla, always bounced back.&nbsp;","text":"Always some idiotic write out for a sell, Tesla moved north.. Haha.. Do they really know the company? Just said I am a shortist and I will keep selling, talk so much no fundamental facts. Every counters has their days, important how they bounced back. For tesla, always bounced back.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970464102","repostId":2337622107,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970484051,"gmtCreate":1684827306774,"gmtModify":1684829023554,"author":{"id":"4140090365269462","authorId":"4140090365269462","name":"a4xrbj1","avatar":"https://community-static.tradeup.com/news/9d8912bc5b3237f119291ecf0caa4d5a","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4140090365269462","authorIdStr":"4140090365269462"},"htmlText":"Man, what a rubbish articles and a lame try from a short seller who's loosing money on the current Tesla run.","listText":"Man, what a rubbish articles and a lame try from a short seller who's loosing money on the current Tesla run.","text":"Man, what a rubbish articles and a lame try from a short seller who's loosing money on the current Tesla run.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970484051","repostId":2337622107,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970485078,"gmtCreate":1684825777994,"gmtModify":1684825781745,"author":{"id":"4108081253060460","authorId":"4108081253060460","name":"Kobeba","avatar":"https://community-static.tradeup.com/news/d4b9f427a8190f4903e580a059f12ef3","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4108081253060460","authorIdStr":"4108081253060460"},"htmlText":"This writer is a shorter lol&nbsp;","listText":"This writer is a shorter lol&nbsp;","text":"This writer is a shorter lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970485078","repostId":2337622107,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970488231,"gmtCreate":1684821672524,"gmtModify":1684821676325,"author":{"id":"4141871584156262","authorId":"4141871584156262","name":"TassieCraig","avatar":"https://community-static.tradeup.com/news/a5b0211e6dd48064fc005c37cf6e304b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4141871584156262","authorIdStr":"4141871584156262"},"htmlText":"Typical SA post, ignores the fact stock has increased over the last week 😂","listText":"Typical SA post, ignores the fact stock has increased over the last week 😂","text":"Typical SA post, ignores the fact stock has increased over the last week 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970488231","repostId":2337622107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970480680,"gmtCreate":1684817633040,"gmtModify":1684817637268,"author":{"id":"3575949343225606","authorId":"3575949343225606","name":"Kekemon","avatar":"https://community-static.tradeup.com/news/acc569fb2b4b8cb1641acae354a1df48","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":7,"crmLevelSwitch":1,"idStr":"3575949343225606","authorIdStr":"3575949343225606"},"htmlText":"Lol. So certain. Must buy in already.","listText":"Lol. So certain. Must buy in already.","text":"Lol. So certain. Must buy in already.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970480680","repostId":2337622107,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970417546,"gmtCreate":1684816382385,"gmtModify":1684816386840,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Tesla is a darling leading edge Adas software big tech company .. more upside to come with new models n cyber truck and scale up globally 😉","listText":"Tesla is a darling leading edge Adas software big tech company .. more upside to come with new models n cyber truck and scale up globally 😉","text":"Tesla is a darling leading edge Adas software big tech company .. more upside to come with new models n cyber truck and scale up globally 😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970417546","repostId":2337622107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":76,"commentSize":13,"repostSize":12,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2337622107"}