TSLA stock technical analysis
1D chart of TSLA 30Apr2022
From the 1D chart, the stochastic indicator looks to be breaking out from the "oversold" region as it continues to range along the bottom. The MACD indicator still shows a downtrend and we can expect a "bottoming" up soon. From the EMA, it is still showing a downtrend without any change or reversal as yet. The EMA lines remain downtrend and have not shown any converging. This implies a downtrend.
Technical analysis for Tesla 1D
For Tesla, the technical analysis above is still showing "STRONG SELL" for the 1D chart. There are support levels 789, 818 and 836 using Fibonacci.
Personally, I am hoping to enter Tesla when it is at low 800s or under 800 levels.As always, let us do our own due diligence before investing.
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Would consider Tesla a speculative stock. The days of it being a rising stock is over. If you want to make money on this stock, you need to get in and out all the time, at the right time.