Tesla Inc. TSLA Technical Data

July 26, 2021, 05:30 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Tesla Inc. (NASDAQ: TSLA) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for TSLA change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if TSLA is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for TSLA too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for TSLA

• Buy TSLA slightly over 628.31 target 772.11 stop loss @ 626.5 Details

The technical summary data tells us to buy TSLA near 628.31 with an upside target of 772.11. This data also tells us to set a stop loss @ 626.5 to protect against excessive loss in case the stock begins to move against the trade. 628.31 is the first level of support below 643.38 , and by rule, any test of support is a buy signal. In this case, support 628.31 would be being tested, so a buy signal would exist.

• Short TSLA under 772.11, target 628.31, stop loss @ 774.34 Details

The technical summary data is suggesting a short of TSLA as it gets near 772.11 with a downside target of 628.31. We should have a stop loss in place at 774.34though. 772.11 is the first level of resistance above 643.38, and by rule, any test of resistance is a short signal. In this case, if resistance 772.11 is being tested, so a short signal would exist.

Swing Trading Plans for TSLA

• Buy TSLA slightly over 668.80, target 772.11, Stop Loss @ 666.87 Details

If 668.80 begins to break higher, the technical summary data tells us to buy TSLA just slightly over 668.80, with an upside target of 772.11. The data also tells us to set a stop loss @ 666.87 in case the stock turns against the trade. 668.80 is the first level of resistance above 643.38, and by rule, any break above resistance is a buy signal. In this case, 668.80, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TSLA near 668.80, target 638.27, Stop Loss @ 670.73. Details

The technical summary data is suggesting a short of TSLA if it tests 668.80 with a downside target of 638.27. We should have a stop loss in place at 670.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 668.80, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TSLA

• Buy TSLA slightly over 655.88, target 668.80, Stop Loss @ 654.35 Details

If 655.88 begins to break higher, the technical summary data tells us to buy TSLA just slightly over 655.88, with an upside target of 668.80. The data also tells us to set a stop loss @ 654.35 in case the stock turns against the trade. 655.88 is the first level of resistance above 643.38, and by rule, any break above resistance is a buy signal. In this case, 655.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TSLA near 655.88, target 640.40, Stop Loss @ 657.41. Details

The technical summary data is suggesting a short of TSLA if it tests 655.88 with a downside target of 640.40. We should have a stop loss in place at 657.41 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 655.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

TSLA Ratings for July 26:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	628.31
P2	640.40	638.27	772.11
P3	655.88	668.80	927.62

Support and Resistance Plot Chart for TSLA

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