Tesla Inc. $TSLA Technical Update

May 01, 2021, 08:42 am ET, BY Gy Bennar - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The Tesla Inc. (NASDAQ: TSLA) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for TSLA, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here: Free Trial.

Technical Summary

Term →Near Mid Long
Rating Weak Strong Strong
P1 0 0 685.10
P2 668.07 683.69 818.15
P3 687.24 716.76 954.02
⚠Triggers may have already come
Support and Resistance Plot Chart for TSLA

Long Term Trading Plans for TSLA

May 1, 2021, 8:42 am ET

The Technical Summary and Trading Plans for TSLA help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TSLA Report.

TSLA - (Long) Support Plan

The technical summary data tells us to buy TSLA near 685.10 with an upside target of 818.15. This data also tells us to set a stop loss @ 683.12 to protect against excessive loss in case the stock begins to move against the trade. 685.10 is the first level of support below 709.44 , and by rule, any test of support is a buy signal. In this case, support 685.10 would be being tested, so a buy signal would exist.

TSLA - (Short) Resistance Plan

The technical summary data is suggesting a short of TSLA as it gets near 818.15 with a downside target of 685.10. We should have a stop loss in place at 820.51 though. 818.15 is the first level of resistance above 709.44, and by rule, any test of resistance is a short signal. In this case, if resistance 818.15 is being tested, so a short signal would exist.


TSLA Long Term Analysis


TSLA EPS Analysis

TSLA Dividend Chart

TSLA Revenue chart

TSLA Growth rate - Quarterly

TSLA Growth rate - Yearly

TSLA PE chart

TSLA PEG chart

Blue = Current Price
Red = Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Our Market Crash Leading Indicator is Evitar Corte.

  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change: Take a Trial