Stock Market: TESLA Price Chart, Analysis And Trading Signals

Stock Market: TESLA Price Chart, Analysis And Trading Signals

tesla technical analysis

TESLA Technical Analysis: Weekly Chart

In the weekly charts, TESLA is trading in a down channel. TESLA is currently trading above 50 and 100 days SMA & below 20 days SMA.

RSI is in selling zone which indicates bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 848.75 & the resistance level is at 945.90.

TESLA will trade in the down channel until there is trend reversal.

TESLA Technical Analysis: Daily Chart

In the daily charts, TESLA is trading in a down channel. TESLA is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 847.82 & the resistance level is at 933.93.

TESLA will trade in the down channel until there is trend reversal.   

How to Trade TESLA this Week:

TESLA will follow the downtrend until their trend reversal. So, remain bearish on TESLA.

TRADE SUGGESTION- SELL AT 902.05, TAKE PROFIT AT 847.82 AND STOP LOSS AT 933.93

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