Tesla's Pricing Overview: Identifying Potential Price Supports, Possible Predictions
Taking a dip in the stock market isn't unusual for big American corporations. But when CEOs start flashing Nazi salutes in public, it might raise some eyebrows. Investors could be questioning whether Elon Musk's apparent attempts to push boundaries are putting Tesla in a precarious position. Recent sales of Tesla stock seem to suggest that the answer is yes.
Tesla Stock Analysis
Daily Price Chart Analysis
Despite today's buying attempts, the price hasn't managed to surpass the upper ceiling of the trading range from earlier in the week. For seven consecutive days, the price has dwelt below the 200-day moving average. This slide hasn't stopped even at the support levels provided by the June and August 2022 lows, as indicated by the red line at the chart's bottom. Notably, the October 2022 and November 2022 gap ups were filled during the March decline, suggesting these levels might be future targets for traders.
Weekly Price Chart Analysis
The price has dived below both the 50-week and 200-week moving averages - far from optimal technical indicators. The selling spree, which kicked off in 2025, hasn't triggered the oversold RSI level seen in early 2023, indicating room for further price depreciation.
The crossover of the 50-week moving average over the 200-week moving average in early 2025 may not be enough to sustain the momentum if the selling continues.
Monthly Price Chart Analysis
The price has fallen below the 50-month moving average in the latest month and closed below it. The red line at $100 indicates the early 2023 low that could lose its status as a support level if this selling trend continues. The RSI on the monthly chart has diverged negatively from the price direction, another sign of potential troubles ahead.
Point-and- Figure Chart Analysis
The point-and-figure chart presents Tesla's price movement from a different angle. It showcases the outstanding price shifts both up and down that Tesla has experienced, from last year to the present. The swift transition from buying to selling is evident, as is the significant decline from the $488 peak in late 2022 to the current prices, bottoming out at $182.
The downward trend has been so persistent that Tesla has fallen below the blue uptrend line, a significant support line until this quarter.
Further analysis and insights can be found at johnnavin.substack.com.
- Elon Musk's public gestures, reminiscent of Nazi salutes, might negatively impact Tesla's standing, causing investors to question the Tesla CEO's boundary-pushing tactics and their potential ramifications for the electric vehicle auto maker.
- During the seven consecutive days of the stock's slide below the 200-day moving average, average Tesla share prices have dipped to a level of 13092fab4f19fdcfd97dd39c22e6fa87.
- In light of the White House and political dynamics, it remains unclear how President Donald Trump's stance on tariffs and the oil industry may influence the auto manufacturer, Tesla, as they compete in the electric vehicle market.
