Market Structure & Trend
Tesla has been in a downtrend, but recent price action suggests potential support around $250-$262. The stock is testing a descending trendline, which could act as resistance. Bulls will need a strong breakout above this level to shift momentum.
Key Support & Resistance Levels
* Resistance Levels:
* $295-$304 → Key level to reclaim for bullish continuation.
* $400 → Major GEX Call Resistance zone.
* $500 → 2nd Call Wall (Long-term resistance).
* Support Levels:
* $250-$262 → Current price zone, testing previous support.
* $249.89 → Recent low, critical level to hold.
* $200 → Strong GEX Put Support zone.
Options & GEX Analysis
* IV Rank: 90.3% (High volatility; options pricing is elevated).
* Options Flow Sentiment:
* Call Wall: $400
* Put Wall: $200
* Gamma Exposure (GEX): Negative, indicating market makers are hedging for potential downside.
Indicators & Price Action
* MACD: Momentum is attempting to shift positive, but still below the signal line.
* Stochastic RSI: Overbought territory, indicating possible pullback before continuation.
* Volume Analysis: Increasing buying pressure at key levels.
Trade Setups
* Bullish Scenario:
* Entry: Above $270 for confirmation.
* Targets: $295-$304, then $330+ if momentum continues.
* Stop Loss: Below $250.
* Bearish Scenario:
* Entry: Rejection at $262-$270 resistance.
* Targets: $250, then $200 if sellers take control.
* Stop Loss: Above $275.
Conclusion
Tesla is at a decision point, sitting on a critical support zone with potential upside if it reclaims $270-$295. However, if sellers dominate, we could see a deeper move towards $250-$200. Gamma exposure suggests high volatility, so expect rapid moves.
🔹 This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
Tesla has been in a downtrend, but recent price action suggests potential support around $250-$262. The stock is testing a descending trendline, which could act as resistance. Bulls will need a strong breakout above this level to shift momentum.
Key Support & Resistance Levels
* Resistance Levels:
* $295-$304 → Key level to reclaim for bullish continuation.
* $400 → Major GEX Call Resistance zone.
* $500 → 2nd Call Wall (Long-term resistance).
* Support Levels:
* $250-$262 → Current price zone, testing previous support.
* $249.89 → Recent low, critical level to hold.
* $200 → Strong GEX Put Support zone.
Options & GEX Analysis
* IV Rank: 90.3% (High volatility; options pricing is elevated).
* Options Flow Sentiment:
* Call Wall: $400
* Put Wall: $200
* Gamma Exposure (GEX): Negative, indicating market makers are hedging for potential downside.
Indicators & Price Action
* MACD: Momentum is attempting to shift positive, but still below the signal line.
* Stochastic RSI: Overbought territory, indicating possible pullback before continuation.
* Volume Analysis: Increasing buying pressure at key levels.
Trade Setups
* Bullish Scenario:
* Entry: Above $270 for confirmation.
* Targets: $295-$304, then $330+ if momentum continues.
* Stop Loss: Below $250.
* Bearish Scenario:
* Entry: Rejection at $262-$270 resistance.
* Targets: $250, then $200 if sellers take control.
* Stop Loss: Above $275.
Conclusion
Tesla is at a decision point, sitting on a critical support zone with potential upside if it reclaims $270-$295. However, if sellers dominate, we could see a deeper move towards $250-$200. Gamma exposure suggests high volatility, so expect rapid moves.
🔹 This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.