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Don’t Let Tesla’s Big Moves Fool You. Where the Chart Says the Stock Is Heading Next

Tesla stock fell on Friday, failing to take shares to akey leveltraders were looking for.Coming into Friday trading, Tesla stock was down about 7% for the week, leaving share up about 1% year to date.

Don’t Let Tesla’s Big Moves Fool You. Where the Chart Says the Stock Is Heading Next

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Where the Chart Says the Stock Is Heading Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2480001074","media":"Dow Jones","summary":"Tesla stock fell on Friday, failing to take shares to akey leveltraders were looking for.Coming into Friday trading, Tesla stock was down about 7% for the week, leaving share up about 1% year to date.","content":"<html><head></head><body><p style=\"text-align: start;\">Tesla stock fell on Friday, failing to take shares to akey leveltraders were looking for.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6490391a04aec93f1d543e9c4834327f\" alt=\"Coming into Friday trading, Tesla stock was down about 7% for the week, leaving share up about 1% year to date.\" title=\"Coming into Friday trading, Tesla stock was down about 7% for the week, leaving share up about 1% year to date.\" tg-width=\"958\" tg-height=\"631\"/><span>Coming into Friday trading, Tesla stock was down about 7% for the week, leaving share up about 1% year to date.</span></p><p style=\"text-align: start;\">Shares of the electric vehicle maker fell 0.3% to $248.98 while the S&amp;P 500 and Dow Jones Industrial Average rose 0.4% and 0.7%, respectively.</p><p>The stock finished roughly $16, or 6%, away from $265, a level where it has run into resistance for months.</p><p>Resistance is a term used by technical stock market analysts that describes where investors have sold stock to take profits. It’s like an invisible ceiling for a share price.</p><p>Technical analysts don’t make fundamental calls on Tesla or other shares. They look at stock charts to get a sense of where a stock could go over the short and medium term.</p><p>Tesla shares broke through that resistance, closing at $269.19 this past Friday following better-than-expected third-quarter earnings. It was a sign that shares could be breaking through the ceiling.</p><p style=\"text-align: start;\">But one close above $265 isn’t a trend and it’s a better sign if a stock can keep closing above key levels.</p><p style=\"text-align: start;\">“A breakout would require two weekly…closes above that level to be confirmed [and] decisive,” says Fairlead Strategies founder and technical analyst Katie Stockton.</p><p style=\"text-align: start;\">Confirmation didn’t happen. Tesla shares closed Thursday below $250, dropping 3%. The market deserved some of the blame. The S&amp;P 500 dropped 1.9%, reacting badly to inflation data and earnings from Microsoft. Shares of the tech giant fell 6.1%</p><p style=\"text-align: start;\">A failed breakout likely leaves Tesla stock trading in a range. The opposite of resistance is support. The $243 level is now “possible support,” adds Stockton. Below that, investors will be looking at 50-day and 200-day moving averages of about $$233 and $202, respectively.</p><p style=\"text-align: start;\">It would have taken some heavy lifting to get shares north of $265. They needed a roughly 5% gain on Friday. Tesla stock has gained more than 5% in a day 227 times over its history as a publicly traded company, according to FactSet. That’s about 0.6% of the time.</p><p style=\"text-align: start;\">It looks as if investors decided to take profits on Tesla stock, again, around $265. Earnings didn’t change that.</p><p style=\"text-align: start;\">Through Friday trading, Tesla stock was up about 50 cents, or 0.2%, year to date. It’s a small move, but the path to flat has been wild. Shares were up about 80% from a 52-week intraday low reached in April. Shares were down about 10% from a 52-week intraday high reached after Tesla’s third-quarter earnings report.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Don’t Let Tesla’s Big Moves Fool You. Where the Chart Says the Stock Is Heading Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon’t Let Tesla’s Big Moves Fool You. Where the Chart Says the Stock Is Heading Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-02 10:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Tesla stock fell on Friday, failing to take shares to akey leveltraders were looking for.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6490391a04aec93f1d543e9c4834327f\" alt=\"Coming into Friday trading, Tesla stock was down about 7% for the week, leaving share up about 1% year to date.\" title=\"Coming into Friday trading, Tesla stock was down about 7% for the week, leaving share up about 1% year to date.\" tg-width=\"958\" tg-height=\"631\"/><span>Coming into Friday trading, Tesla stock was down about 7% for the week, leaving share up about 1% year to date.</span></p><p style=\"text-align: start;\">Shares of the electric vehicle maker fell 0.3% to $248.98 while the S&amp;P 500 and Dow Jones Industrial Average rose 0.4% and 0.7%, respectively.</p><p>The stock finished roughly $16, or 6%, away from $265, a level where it has run into resistance for months.</p><p>Resistance is a term used by technical stock market analysts that describes where investors have sold stock to take profits. It’s like an invisible ceiling for a share price.</p><p>Technical analysts don’t make fundamental calls on Tesla or other shares. They look at stock charts to get a sense of where a stock could go over the short and medium term.</p><p>Tesla shares broke through that resistance, closing at $269.19 this past Friday following better-than-expected third-quarter earnings. It was a sign that shares could be breaking through the ceiling.</p><p style=\"text-align: start;\">But one close above $265 isn’t a trend and it’s a better sign if a stock can keep closing above key levels.</p><p style=\"text-align: start;\">“A breakout would require two weekly…closes above that level to be confirmed [and] decisive,” says Fairlead Strategies founder and technical analyst Katie Stockton.</p><p style=\"text-align: start;\">Confirmation didn’t happen. Tesla shares closed Thursday below $250, dropping 3%. The market deserved some of the blame. The S&amp;P 500 dropped 1.9%, reacting badly to inflation data and earnings from Microsoft. Shares of the tech giant fell 6.1%</p><p style=\"text-align: start;\">A failed breakout likely leaves Tesla stock trading in a range. The opposite of resistance is support. The $243 level is now “possible support,” adds Stockton. Below that, investors will be looking at 50-day and 200-day moving averages of about $$233 and $202, respectively.</p><p style=\"text-align: start;\">It would have taken some heavy lifting to get shares north of $265. They needed a roughly 5% gain on Friday. Tesla stock has gained more than 5% in a day 227 times over its history as a publicly traded company, according to FactSet. That’s about 0.6% of the time.</p><p style=\"text-align: start;\">It looks as if investors decided to take profits on Tesla stock, again, around $265. Earnings didn’t change that.</p><p style=\"text-align: start;\">Through Friday trading, Tesla stock was up about 50 cents, or 0.2%, year to date. It’s a small move, but the path to flat has been wild. Shares were up about 80% from a 52-week intraday low reached in April. Shares were down about 10% from a 52-week intraday high reached after Tesla’s third-quarter earnings report.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1548497426.USD":"安联环球人工智能AT Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4588":"碎股","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","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","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","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","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","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","BK4099":"汽车制造商","BK4581":"高盛持仓","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","BK4592":"伊斯兰概念","LU0056508442.USD":"贝莱德世界科技基金A2","TSLA":"特斯拉","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4550":"红杉资本持仓","LU0823414478.USD":"法巴经典能源转换基金","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","BK4527":"明星科技股","BK4551":"寇图资本持仓","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","SG9999015978.USD":"利安颠覆性创新基金A","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2480001074","content_text":"Tesla stock fell on Friday, failing to take shares to akey leveltraders were looking for.Coming into Friday trading, Tesla stock was down about 7% for the week, leaving share up about 1% year to date.Shares of the electric vehicle maker fell 0.3% to $248.98 while the S&P 500 and Dow Jones Industrial Average rose 0.4% and 0.7%, respectively.The stock finished roughly $16, or 6%, away from $265, a level where it has run into resistance for months.Resistance is a term used by technical stock market analysts that describes where investors have sold stock to take profits. It’s like an invisible ceiling for a share price.Technical analysts don’t make fundamental calls on Tesla or other shares. They look at stock charts to get a sense of where a stock could go over the short and medium term.Tesla shares broke through that resistance, closing at $269.19 this past Friday following better-than-expected third-quarter earnings. It was a sign that shares could be breaking through the ceiling.But one close above $265 isn’t a trend and it’s a better sign if a stock can keep closing above key levels.“A breakout would require two weekly…closes above that level to be confirmed [and] decisive,” says Fairlead Strategies founder and technical analyst Katie Stockton.Confirmation didn’t happen. Tesla shares closed Thursday below $250, dropping 3%. The market deserved some of the blame. The S&P 500 dropped 1.9%, reacting badly to inflation data and earnings from Microsoft. Shares of the tech giant fell 6.1%A failed breakout likely leaves Tesla stock trading in a range. The opposite of resistance is support. The $243 level is now “possible support,” adds Stockton. Below that, investors will be looking at 50-day and 200-day moving averages of about $$233 and $202, respectively.It would have taken some heavy lifting to get shares north of $265. They needed a roughly 5% gain on Friday. Tesla stock has gained more than 5% in a day 227 times over its history as a publicly traded company, according to FactSet. That’s about 0.6% of the time.It looks as if investors decided to take profits on Tesla stock, again, around $265. Earnings didn’t change that.Through Friday trading, Tesla stock was up about 50 cents, or 0.2%, year to date. It’s a small move, but the path to flat has been wild. Shares were up about 80% from a 52-week intraday low reached in April. Shares were down about 10% from a 52-week intraday high reached after Tesla’s third-quarter earnings report.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}