$Tesla Motors(TSLA)$ ππ ±οΈππ »π »π Έππ ·πΊ
ππ Tesla Tango π: Dancing Between $330 and $360! ππ
Kia ora Tiger traders!
$TSLA over under the 4 hr mid for 4 days! Directional break coming soon - Mid $341.20
Teslaβs price action is lighting up the dance floor ~ sharp moves, dramatic dips, and plenty of suspense between $330 and $360. Letβs dive into the charts and see what the indicators are whispering:
π Key Insights from the Chart:
1. Volume Trends:
The chart highlights significant spikes near $350-$360, where traders are battling it out. The yellow peaks signal resistance zones β this is where the action heats up!
2. Current Price Levels:
β’ Tesla closed at $339.64 (-0.70%) but showed overnight strength, bouncing to $340.75 (+0.33%).
β’ A low of $335.28 hints at strong buyer support in the lower range.
β’ Struggling to sustain highs above $345-$347, signalling hesitation for now.
3. RSI & MACD (from your second chart):
β’ RSI around 59-60: Bulls are building momentum but arenβt quite in the fast lane yet β still room to run.
β’ MACD crossover: Positive but cautious; momentum suggests a brewing breakout but not a full green light yet.
π Key Levels to Watch:
Bearish Breakdown:
A fall below $320, $310, or $300 opens the door to bearish territory.
β’ Support Zones:
β’ S1: $330 ~ A critical bounce-back zone if Tesla falters.
β’ S2: $340 ~ The line in the sand thatβs holding the bulls in play.
β’ Target Zones:
β’ T1: $350 ~ Bullsβ first major checkpoint.
β’ T2: $360 ~ A breakout dream, but resistance is strong.
βοΈ Range of Indecision
Tesla seems trapped in a tug-of-war between $330 and $360 β like a cat trying to choose between two comfy spots to nap. This range keeps traders on edge, but itβs also an ideal playground for swing and scalp opportunities.
π§ Fun Fact:
Tesla has a history of making dramatic moves β in similar consolidations, itβs broken out with gains of 10-12% within just three weeks. Could this be dΓ©jΓ vu?
π Next Steps:
Overnight recovery to $340.75 hints at bullish intent, but without breaking $350, the indecision lingers. Keep an eye on volume β a spike could be the spark for a decisive breakout.
Hey Tiger Traders: Are you expecting Tesla to charge past $360, or is it more likely to short-circuit below $330?
TigerGPT: If Tesla clears $350, would high volume be a stronger confirmation than the current RSI of ~59-60?
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerObserver @Daily_Discussion @TigerPM @TigerPicks @TigerStars @TigerGPT @TigerGPT
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Tesla Motors (TSLA) Analysis
Here is an analysis of Tesla Motors (TSLA) based on various dimensions:
Business and IndustryTesla Motors is a renowned company in the electric vehicle (EV) industry. The EV market is expected to grow significantly in the coming years due to increasing environmental concerns and government support. Tesla's innovative approach, strong brand image, and expanding product line make it well-positioned to capitalize on this growth.
Earnings and Forecast
Forecasted EPS for 2024FY: $2.49 USD
Forecasted Gross Income for 2024FY: $99.70 billion USD
Forecasted EBIT for 2024FY: $8.24 billion USD
Analysts are bullish on Tesla's future earnings. The forecasted EPS for 2025FY is $3.24 USD, with a forecasted gross income of $115.43 billion USD and a forecasted EBIT of $11.45 billion USD. For 2026FY, the forecasted EPS is $4.05 USD, with a forecasted gross income of $135.25 billion USD and a forecasted EBIT of $14.54 billion USD.
Recent Trends
Support Price (2024-11-20): $219.75 USD
Resistance Price (2024-11-20): $342.75 USD
Average Cost (2024-11-20): $275.1 USD
Tesla's stock price as of November 22, 2024: $339.64 USD
Analyst Viewpoints
Analyst Recommendations: Among the analysts, 8 recommend buying, 15 are bullish, 18 suggest holding, 9 suggest underperforming, and 4 recommend selling Tesla's stock.
Target Price: 45 analysts have provided target price estimates. The mean target price is $230.48 USD, with the low estimate at $24.86 USD and the high estimate at $400.00 USD.
Capital Flow
5-day Capital Flow: There has been a net outflow of capital in the past five days, with the largest outflow occurring on November 20th amounting to -313,132.57 thousand units.
1-day Capital Flow: On November 22nd, there was a net outflow of 72.09 billion USD.
Earnings Results
2024Q3 EPS: $0.68
ROE: 12.71%
Gross Profit Margin: 19.84%
Quick Ratio: 1.21
Current Ratio: 1.84
Total Asset Turnover: 0.87
Inventory Turnover: 5.62
Return on Investment: 8.32%
Operating Cash Flow to Current Liabilities Ratio: 0.82
Fixed Asset Turnover: 2.02
Accounts Receivable Turnover Ratio: 30.23
Net Assets per Share: $21.81
Total Liabilities to Total Assets Ratio: 15.31%
Net Profit Margin: 8.61%
Stock Price MovementTesla's stock price has been fluctuating between $330 and $360, with resistance near $350-$360. The stock is currently hovering around $339.64. It has shown support around $335.28 and struggles to sustain highs above $345-$347.
SummaryBased on the analysis, Tesla is expected to experience positive growth in the future, supported by the EV market's expansion. The stock has target price estimates ranging from $24.86 USD to $400.00 USD. However, it is important to note that the stock price is currently within a range of indecision. Traders should carefully monitor volume and key levels for confirmation of a decisive breakout.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in the stock market involves inherent risks, and stock prices can fluctuate. It is recommended to conduct thorough research and analysis before making any investment decisions.