Tesla Inc. (TSLA/NASD): general analysis
25 May 2018, 12:40
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 273.90 |
| Take Profit | 266.00, 258.00, 250.00 |
| Stop Loss | 282.00 |
| Key Levels | 250.00, 274.00, 288.00, 300.00, 310.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 288.10 |
| Take Profit | 305.00, 310.00 |
| Stop Loss | 280.00 |
| Key Levels | 250.00, 274.00, 288.00, 300.00, 310.00 |
Current trend
China reported a 15-25% reduction in taxes for imported cars since July 1, 2018, which will be profitable car manufacturers of such premium brands as Tesla and BMW. Next, Tesla reported a 6% decline in the price of Model S and Model X for the Chinese market. In Q1 2018, Model 3 Tesla was the best-selling sedan in the mid-range premium electric car sector.
During the last week, Tesla decreased by 2.35% against the growth of the S&P 500 index by 0.73%.
Support and resistance
The technical picture is mixed. The price is now consolidating. The trend is mixed. The instrument is testing local support and resistance levels at 274.00 and 288.00, correspondingly. Indicators do not give a clear signal: the price consolidated below MA (50) and MA (200); MACD histogram is near the zero line. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 288.00, 300.00, 310.00.
Support levels: 274.00, 250.00.
Trading tips
Short positions can be opened after the price is set below the level of 274.00. The closing of the profitable positions is possible at the levels of 266.00, 258.00 and 250.00. Stop loss is around 282.00.
Long positions can be opened after the price is set above the level of 288.00 with the targets at 305.00–310.00. Stop loss is around 280.00.
Implementation period: 3 days.
China reported a 15-25% reduction in taxes for imported cars since July 1, 2018, which will be profitable car manufacturers of such premium brands as Tesla and BMW. Next, Tesla reported a 6% decline in the price of Model S and Model X for the Chinese market. In Q1 2018, Model 3 Tesla was the best-selling sedan in the mid-range premium electric car sector.
During the last week, Tesla decreased by 2.35% against the growth of the S&P 500 index by 0.73%.
Support and resistance
The technical picture is mixed. The price is now consolidating. The trend is mixed. The instrument is testing local support and resistance levels at 274.00 and 288.00, correspondingly. Indicators do not give a clear signal: the price consolidated below MA (50) and MA (200); MACD histogram is near the zero line. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 288.00, 300.00, 310.00.
Support levels: 274.00, 250.00.
Trading tips
Short positions can be opened after the price is set below the level of 274.00. The closing of the profitable positions is possible at the levels of 266.00, 258.00 and 250.00. Stop loss is around 282.00.
Long positions can be opened after the price is set above the level of 288.00 with the targets at 305.00–310.00. Stop loss is around 280.00.
Implementation period: 3 days.
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