Technical Analysis

Based on the provided data, here is a comprehensive technical analysis of Tesla Inc. (TSLA) stock:

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Technical Analysis

Recent Price Movement

• Last Close Price (2025-02-21): $337.80
• Current Price (Post-Market): $338.04 (+0.07%)
• Regular Market Change: -4.68% (significant bearish movement)

Key Technical Indicators

1. Relative Strength Index (RSI):
   • RSI (14): 36.90 (indicates oversold conditions approaching but not extreme).
2. MACD (12,26,9):
   • MACD Line: -14.35
   • Signal Line: -12.46
   • Histogram: -1.89 (bearish momentum persists).
3. Stochastic Oscillator (14,3,3):
   • %K: 28.89
   • %D: 31.76 (indicates weak momentum and oversold conditions).

Support and Resistance Levels

• Fibonacci Pivot Point: $351.75
• Support Levels:
  • S1: $330.57
  • S2: $317.48
  • S3: $296.30
• Resistance Levels:
  • R1: $372.93
  • R2: $386.01
  • R3: $407.19

Moving Averages

• Short-Term (5-day SMA): $352.54 (price below SMA, bearish signal).
• Medium-Term (20-day SMA): $371.01 (price significantly below, confirming downtrend).
• Long-Term (200-day SMA): $275.66 (price above, indicating long-term bullish trend intact).

Bollinger Bands (20,3):

• Lower Band (Support): $299.40
• Middle Band (Mean): $371.01
• Upper Band (Resistance): $442.61
• Band Width: 38.60% (indicating high volatility).

Volume Analysis

• Volume (2025-02-21): 74,058,648 (above average, confirming strong selling pressure).

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Trend Analysis

• TSLA is currently in a short-term downtrend, as evidenced by the price trading below key moving averages and bearish momentum indicators.
• The stock is approaching oversold conditions, which may lead to a potential bounce near the $330-$317 support zone.

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Recommendation

• Action: Sell or Hold for now.
• Reasoning: The technical indicators suggest continued bearish momentum in the short term. A potential entry point for buying could be near the $317-$330 support range if the stock shows signs of reversal.

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