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Tesla Technical Analysis - Tesla Trading: 2023-02-10
Tesla Technical Analysis Summary
Above 213.74
Buy Stop
Below 189.35
Stop Loss
| Indicator | Signal |
| RSI | Sell |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
Tesla Chart Analysis
Tesla Technical Analysis
The technical analysis of the Tesla stock price chart on 4-hour timeframe shows #S-TSLA: H4 has hit four-month high above the 200-period moving average MA(200) after rebounding from 34-month low it hit two months ago. The RSI is in the overbought zone still. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 213.74. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 189.35. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (189.35) without reaching the order (213.74), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Tesla
Tesla has increased the starting price of its Model Y crossovers by 0.8% in China. Will the Tesla stock price continue rebounding?
The price for the rear-wheel drive version of Model Y has been raised to 261,900 yuan ($38,577.11) in China, according to the price information listed on the company's Chinese website. The EV maker planned to expand output at its Shanghai plant over the next two months to meet demand stimulated by aggressive price cuts. Tesla’s market share in China's electric car sector rose to 12.5% in January from 9% in December, according to Reuters.
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