Price Prediction of TSLA

Based on the provided data and current market conditions, let me analyze TSLA's price prediction for next week.

Technical Analysis

The technical indicators show TSLA is currently in a consolidation phase with RSI at 60.73, indicating neutral momentum. The stock is trading above its 20-day SMA (392.13) and 60-day SMA (308.56), suggesting an overall bullish trend structure.

Recent Price Action Tesla closed at $421.06 on Friday, down 3.46% despite broader market gains . This decline marked the third consecutive day of losses, showing some near-term weakness.

News Sentiment Analysis

  • Negative: Congressional concerns over Musk's Chinese investments and potential regulatory impacts
  • Mixed: Tesla's Shanghai plant contributes significantly to global output, but faces political scrutiny
  • Positive: Broader market optimism following favorable PCE inflation data

Price Targets Based on Fibonacci Levels

  • Resistance levels: R1: $474.74, R2: $500.83, R3: $543.05
  • Support levels: S1: $390.30, S2: $364.21, S3: $321.99
  • Pivot: $432.52

Next Week's Prediction Based on technical and sentiment analysis, I project the following scenarios:

  1. Bullish Case (40% probability):
  • Target: $474-500 range
  • Drivers: Strong market sentiment, positive holiday sales data
  • Key resistance: $474.74
  1. Base Case (45% probability):
  • Trading Range: $390-432
  • Consolidation around fibonacci pivot point
  • Support at $390.30
  1. Bearish Case (15% probability):
  • Target: $364-390 range
  • Risk factors: China regulatory concerns, year-end profit taking
  • Strong support at $364.21

Conclusion For next week, I expect TSLA to mostly trade in the base case range of $390-432, with the highest probability of testing the fibonacci pivot at $432.52. The stock may face resistance at $474.74 if it breaks above the pivot point. Recommend holding current positions and waiting for clearer directional signals.

Disclaimer: This analysis is based on current market data and technical indicators. Market conditions can change rapidly, and past performance does not guarantee future results. Please conduct your own research and consider your risk tolerance before making investment decisions.

TSLA Fundamental Analysis

Moderate Buy
Buy
Hold
Sell
bubble
High
bubble
Averages
bubble
Low
Analyst
Rating
Action
Price Target
Date
Rating Reason

TSLA News

TSLA FAQs

TSLA Key stats

High
Vol
Low
Amount
Open
VWAP
Mkt Cap

TSLA Company Profile

TSLA Earnings Keywords