How much can Tesla rise this week?

Tesla is a globally recognized electric vehicle manufacturer and one of the leaders in the new energy vehicle market. Here are some key points to analyze:

1. Market share: Tesla has a large market share in the electric vehicle market. Its unique design and technological innovations have made it the brand of choice for many consumers.

2. Revenue and Profitability : Tesla's revenue and profitability show good growth potential. The company grows revenue through the sale of cars and energy products such as solar panels, while improving profitability through cost savings and productivity.

3. Technological innovation: Tesla continues to innovate and lead the industry in electric vehicle technology. Its battery technology, autonomous driving technology and software systems are all at the forefront, giving its products a competitive advantage.

4. Market expansion and globalization: Tesla is actively promoting global market expansion. The company has established sales and service networks in many countries and plans to launch new products in more countries.

5. Competitive pressure: Although Tesla is in the leading position in the electric vehicle market, it is also facing competitive pressure from other automobile manufacturers. With the rapid growth of the new energy vehicle market, more competitors may enter the market.

It is important to note that stock market ups and downs are affected by a variety of factors, including a company's financial condition, market trends, and the competitive landscape. Therefore, when making investment decisions, it is recommended that you consider the situation from a number of perspectives,

1. Trend Analysis: Observe the long term trend of TSLA. The stock price experienced 23 days of oscillating down from 299.29, then it can be defined as a weak phase, which started the third phase of bottoming on 2023/8/18. On 8/20/20/2023 a jump higher was ushered in, about to form the third phase of the V pattern flip, which can be defined as the bottom of the starting point, the best time to buy and build a position. (As shown in Figure: 1)

In the ascending channel of TSLA

2. Support and resistance levels: Observe the support and resistance levels of TSLA. Support is the price level at which a stock stops falling when it is falling and may become a buying opportunity. Resistance level is the price level at which the stock price stops rising when it rises and may become an opportunity to sell. (As shown in Figure: 2)

Support and pressure

3. Uptrend and downtrend: Observe the uptrend and downtrend of TSLA. An uptrend is a state in which the price of a stock has risen continuously, and a downtrend is a state in which the price of a stock has fallen continuously. By observing the duration and magnitude of the uptrend and downtrend, the strength or weakness of the market can be assessed. (As shown in Figure: 3)

4. Technical indicators: Technical indicators are used to assess the movement of TSLA's share price, such as moving averages, the Relative Strength Indicator (RSI) and the MACD indicator. These indicators can help determine the overbought or oversold state of the market, thus guiding the decision to buy or sell.

RIS

RSI (Relative Strength Index) is a commonly used technical indicator to measure the overbought and oversold status of an asset and to predict price reversal points.

The RSI is calculated as follows:

1. Calculate the volume of increase (positive) and decrease (negative) in each price cycle. Increase is the difference between the price of the current cycle and the price of the previous cycle, if it is a positive number, it means that the price rose; decrease is the difference between the price of the current cycle and the price of the previous cycle, if it is a negative number, it means that the price fell.

2. Calculate the average of the increase (Avg Gain) and the average of the decrease (Avg Loss) in each cycle separately. Usually you can choose a period of time for the calculation, for example, 14 days.

3. Calculate the Relative Strength (RS) indicator, i.e. Avg Gain / Avg Loss.

4. Calculate the RSI value, i.e. RSI = 100 - (100 / (1 + RS)).

The common parameter for RSI is 14 days. Generally, when the RSI is greater than 70, it is considered overbought, indicating that prices may fall. When the RSI is less than 30, it is considered oversold, indicating that prices may rise. Investors can combine other technical indicators, trend lines, etc. for a more detailed analysis to develop a buy or sell strategy.

It is important to note that the RSI is a secondary indicator and cannot be used alone for decision making. When using RSI, it is recommended to combine it with other indicators and technical analysis tools to make a more accurate judgment by considering a variety of factors.MACD

MACD

MACD (Moving Average Convergence Divergence, Moving Average Convergence Divergence Indicator) is a commonly used technical indicator for determining the strength of price trends and turning points.

MACD calculation method is as follows:

1. Calculate the short-term moving average (EMA12) and the long-term moving average (EMA26).

2. Calculate the difference in values (DIF), i.e. DIF = EMA12 - EMA26.

3. Calculate the 9-day average of DIF to get the MACD line.

The MACD indicator consists of two lines: the MACD line and the Signal Line, which represents the difference between the short-term and long-term moving averages, and the Signal Line, which represents the average of the MACD lines, usually the 9-day average of the DIF.

MACD is used as follows:

1. when the MACD line turns from negative to positive and crosses above the signal line, it is called a "golden cross" and indicates a buy signal, signaling a possible price increase. 2. when the MACD line turns from negative to positive and crosses above the signal line, it is called a "golden cross" and indicates a buy signal.

2. when the MACD line turns from positive to negative and crosses below the signal line, it is called a "dead cross", which is a sell signal and indicates that the price may go down. 3. when the MACD line and the signal line turn negative, it is a "dead cross", which indicates that the price may go down.

3. When the MACD line diverges from the price trend, it may indicate that the price trend is about to change. 4.

4. pay attention to the height of the MACD bar, the larger the bar height the stronger the price trend.

It is important to note that MACD is a secondary indicator and cannot be used alone for decision making. When using MACD, it is recommended to combine it with other indicators and technical analysis tools to make a more accurate judgment by considering a variety of factors.

Please note that the above is for reference only and does not constitute investment advice. Please exercise caution when investing in stocks.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Hilliton324
    ·2023-08-22

    Well, it’s making me rich now. I’ll have a great retirement. Shorts keep shorting, I’ll buy on the dips.

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  • RandyHall
    ·2023-08-22

    Last pump... come on bulls and shills. Your last shot at glory before reality set in

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  • CharlesBaker
    ·2023-08-22

    4 Weeks downtrend and we can repair that in 3 trading days.

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  • Hilliton324
    ·2023-08-22

    thanks for sharing the news

    I was expected

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  • CIK
    ·2023-08-22
    Great ariticle, would you like to share it?
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  • YueShan
    ·2023-08-22
    Good ⭐⭐⭐
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