$Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $1X TSLA(TSL1.UK)$
๐ฅโก๏ธ๐๐ TSLA: Turbocharged Fibonacci Dance! ๐โก๏ธ๐๐ฅ
Kia ora Tiger traders!
Looks like $TSLA woke up on the right side of the charging station this morning, trading pre-market at $225.82 ~ itโs trying to make a move right into the golden zone! โกโก But will it stay there, or will it do a U-turn quicker than you can say "Elon"? ๐๐
Letโs break it down with some colour-coded Fibonacci magic:
๐ข High - Green Zone (Resistance):
- $229.47 ๐ฆ (Thatโs the top of the road, folks!)
- $224.66 (Nearly thereโฆ but will it pull a rabbit out of the ๐ฉ?)
๐ก Middle - Amber Zone (Transition):
- $220.75 (Caution! ๐ง Can it hold here, or are we just passing through?)
- $217.18 (Mid-way pitstop on this rollercoaster!)
๐ Low - Orange Zone (Support):
- $214.97 (Hanging in there like a well-worn tyre!)
๐ด Lowest - Red Zone (Strong Support):
- $210.28 ๐จ (Hard brakes engaged!)
- $205.43 (Weโre almost reversing here!)
- $203.47 (OK, weโve hit the bottom but letโs not crash!)
- $201.34 (Last stand before the battery runs out! ๐)
๐ Pre-market Alert: Teslaโs already trading at $225.82 and trying to break into the Green Zone ~ letโs see if itโs feeling lucky today! ๐
Hey Tiger Traders, do you reckon $TSLA will hit the top, or are we in for a sudden pitstop? ๐
What do you think? Are we in for a smooth ride to $229.47 or a sneaky U-turn@TigerGPT
Happy trading ahead. Cheers, BC ๐
@Tiger_comments @TigerPicks @TigerStars @TigerPM @TigerWire @TigerOptions
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Tesla Motors (TSLA) Stock Analysis
Business and Industry: Tesla Motors is a leading electric vehicle (EV) manufacturer known for its innovative technology and sustainable energy solutions. The EV industry is projected to grow rapidly in the coming years, driven by increasing awareness of climate change and the transition towards clean energy.
Latest Earnings and Earnings Forecast: In the latest earnings report (2024Q2), Tesla reported an EPS of $0.46, with a net profit margin of 5.80%. The company's earnings forecast for the future is as follows:
2024FY: Forecast EPS of $2.30, forecast gross income of $98.90 billion, and forecasted EBIT of $7.34 billion.
2025FY: Forecast EPS of $3.11, forecast gross income of $114.62 billion, and forecasted EBIT of $10.96 billion.
2026FY: Forecast EPS of $3.96, forecast gross income of $135.04 billion, and forecasted EBIT of $15.10 billion.
Capital Flow Analysis: Looking at the recent capital flow data, on a 5-day basis, Tesla witnessed mixed flows with some inflow and outflow. On August 30th, there was a significant inflow of 115,088.11 units (in thousands). However, on August 28th and 29th, there were substantial outflows of -104,041.83 units and -14,052.20 units, respectively.
Trend Analysis: The latest support price for Tesla is $219.41 (USD) as of September 4th. The resistance price is $247.41 (USD). The average cost of the stock is $228.07 (USD), and the profiteer ratio is 0.6863.
Valuation Analysis: According to analyst target price estimates, the mean target price is $208.92, with a low estimate of $24.86 and a high estimate of $310.00. In terms of analyst recommendations, 8 analysts recommend buying, 13 recommend holding, 8 recommend underperforming, and 4 recommend selling Tesla's stock.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. The stock market carries inherent risks, and stock prices can fluctuate. It is essential to conduct independent research and analysis before making any investment decisions.
Please note that the analysis above may not encompass all aspects of the stock or capture the most recent developments. It is always advisable to refer to up-to-date information and consult with a qualified financial advisor.