Tesla

  • TSLA

  • $393.52

  • -0.36%

  • $391.40

  • $399.28

  • $377.29

Upticks
Granny Shots

Ticker Appearances

Thu, January 2, 2025 | 11:53AM ET

⚡ FlashInsights

Thu, January 2, 2025 | 11:53AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
One quick update on TSLA -0.36%  - The stock's short-term pattern turned more negative on the violation of $415.41 this past Tuesday (New Year's Eve) and today's Q4 deliveries missed consensus and their 1st Quarter sales drop of 1.1% marks the first annual EV sales decline in a nearly a decade. While this brought about an "open-gap" this morning, this decline also appears short-term in nature and will make TSLA attractive if/when this reaches its 50% retracement level near 350 (which cannot be ruled out) My technical expectation is for a drop to $344-$362 before this bottoms which would make TSLA an appealing risk/reward for buying dips. Thus, similar to SPX, this has pulled back in an ABC-type pattern, while its larger trends and momentum remain quite bullish. Overall, I expect a bit more weakness over the next 4-6 trading days ahead of a possible low, and patience here is also needed in the short term, as lows do not yet seem to be in place.
Tickers

Live Technical Stock Analysis
Thu, December 5, 2024 | 4:00PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

LIVE Technical Stock Analysis December 2024

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: EF376E8F-74F9-41C0-96A7-58005A3EA9D4

Tue, December 3, 2024 | 11:55AM ET

⚡ FlashInsights

Tue, December 3, 2024 | 11:55AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Following its sharp push up into 11/12, TSLA -0.36%  has largely moved into a 3-week consolidation pattern near recent highs. As can be seen on hourly charts, this pattern is quite constructive, and as an ascending triangle pattern, should be resolved by an upside breakout. Yesterday's push back to 360 was thought to be constructive, and Musk's pay package challenges aren't doing much to derail this progress. Moreover, discussions on DOGE department taking away from Musk's duties also not really proving to be a significant factor for this stock lately. Movement back above 362 would be what the "bulls" will need to see to help TSLA -0.36%  start to move up more quickly, and should help this get to 380-3 which is a big target. Any further pullback should see strong support at 344-5, while above 362 allows for technically driven buy programs to kick in, providing upside acceleration
Tickers

Events

Tickers

Trending tickers in our research