Tesla Inc. (TSLA/NASD): general analysis
10 May 2018, 11:34
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 310.10 |
| Take Profit | 325.00, 340.00, 350.00 |
| Stop Loss | 295.00 |
| Key Levels | 250.00, 270.00, 280.00, 310.00, 325.00, 345.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 279.90 |
| Take Profit | 260.00, 250.00 |
| Stop Loss | 290.00 |
| Key Levels | 250.00, 270.00, 280.00, 310.00, 325.00, 345.00 |
Current trend
Last week, on May 2, Tesla reported a mixed Q1 2018 report. LPS reached the record 4.19 USD against last year’s value of 2.04 USD. Tesla is increasing the costs to reach production targets and is still oriented towards 3 billion USD before the end of the year, which is below The Wall Street expectations of 3.4 billion USD. During the press conference, CEO Elon Musk evaded the questions about the necessity of additional funds and buyers’ orders, which affected the shares negatively. Tesla stocks have restored the loss already; however, the reaction can affect long-term interest and trust of the investors negatively.
During the last week, Tesla grew by 1.89% against the growth of the S&P 500 index by 1.41%.
Support and resistance
During the recent trading sessions, the “bullish” moods prevail. The stocks are now testing the supply area of 300.00–310.00. The key support level is 280.00. The instrument can grow further. MACD is in the positive zone and going up, which reflects the strength of buyers. It is better to buy #TSLA stocks in the nearest future.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 310.00, 325.00, 345.00.
Support levels: 280.00, 270.00, 250.00.
Trading tips
Long positions can be opened after the price is set above the level of 310.00. The closing of the profitable positions is possible at the levels of 325.00, 340.00 and 350.00. Stop loss is 295.00.
Short positions can be opened after the price is set below the level of 280.00 with the targets at 260.00–250.00. Stop loss is 290.00.
Implementation period: 3 days.
Last week, on May 2, Tesla reported a mixed Q1 2018 report. LPS reached the record 4.19 USD against last year’s value of 2.04 USD. Tesla is increasing the costs to reach production targets and is still oriented towards 3 billion USD before the end of the year, which is below The Wall Street expectations of 3.4 billion USD. During the press conference, CEO Elon Musk evaded the questions about the necessity of additional funds and buyers’ orders, which affected the shares negatively. Tesla stocks have restored the loss already; however, the reaction can affect long-term interest and trust of the investors negatively.
During the last week, Tesla grew by 1.89% against the growth of the S&P 500 index by 1.41%.
Support and resistance
During the recent trading sessions, the “bullish” moods prevail. The stocks are now testing the supply area of 300.00–310.00. The key support level is 280.00. The instrument can grow further. MACD is in the positive zone and going up, which reflects the strength of buyers. It is better to buy #TSLA stocks in the nearest future.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 310.00, 325.00, 345.00.
Support levels: 280.00, 270.00, 250.00.
Trading tips
Long positions can be opened after the price is set above the level of 310.00. The closing of the profitable positions is possible at the levels of 325.00, 340.00 and 350.00. Stop loss is 295.00.
Short positions can be opened after the price is set below the level of 280.00 with the targets at 260.00–250.00. Stop loss is 290.00.
Implementation period: 3 days.
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