Tesla Motors (TSLA)
The End of a Tesla Era! Tesla missed on earnings. Huge decline for this leading EV stock.
Tesla was already getting oversold on the daily chart, & now with this decline its a salavating opportunity for day traders.
I still think the true swing trade level is a bit lower from here. This weekly close will tell us more.
We have included an analysis of the XLY sector (Consumer Discretionary). We discuss 3 signals that have only ever happened over a 25 year period. The weekly Golden Cross.
Often this Weekly Golden cross is bullish long term but historically weak price follows in the short term.
Shaky long-term trading for Tesla (Triple top + dip? )Since Oct. '21, Tesla has been trading along this channel. Some patterns emerge that we can point out:
After hitting the top of the channel three times from Oct. 21 to Apr. 22, it was followed by a dip to the bottom of the channel.
To a lesser degree, rising to about .75 the height of the channel on July 22 and hitting that region 3 times, this was also followed by a dip to the bottom of the channel.
We currently have the same pattern emerging since July '23, with the price of TSLA dipping to below $200. This cycle is interesting because it is bouncing off the midline instead of the bottom of the channel.
The next few days are going to be crucial for the stock:
Bull case: If the stock can consolidate strongly along the $180-200, we may be able to break out of the channel to the upside.
Bear case: If the stock fails to consolidate strongly along the $180-200 range, we may see a dip to $120-160.
This will strongly depend on investor sentiment in the company, which currently isn't looking strong. A lot can happen in the next few weeks to turn that around, such as further advancements of AI for Tesla's autopilot.
TSLA after the earningsTSLA is in its downtrend channel but below the main support rising channel, which was tested several times from below - bearish action.
We were looking for an expected volatility move after the earnings of +/-7%. So far the price is down over 7% and still sliding.
Looking for a gap fill next at minimum, which sits at 193.17
LCID analysis ⏰ let's discuss :-: Hello 👋 it's me your RAJ 🙂 professional trader ✨
This idea 💡
is completely my own analysis to explain situation _&_ market conditions of NASDAQ:LCID
How this chart valid for long term 📌 explained clearly based on technical #TA 📌 #DYOR
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Frankly speaking 🗣️ I am full time trader in Crypto 🔮 part time in stocks to save my money 💰
Based on my friend request , i am doing 📌 analysis ⏰ based on technical analysis #TA
I don't know it's fundamental and some other things to measure this as potential or bad stock based on technical i will talk 🦜
If u have experience and good knowledge in stock market especially usstock
Pls let me know about this company NASDAQ:LCID it helps me to check price in other conditions
:-) let's go 👀
In my opinion || chart 📉📈 looking too bad // continues downfall
Best area enter is ::👉 $2.6 - $4.1 👈
Best area to exit 🎯 :: $5.3 - $10.4 - $17 - $34
Stop 🛑 when price goes below $2.5 weekend candle close below Invalid 📌 to invest
Don't use 100% liquid 💰 it's high risk , so prefer 5-10% liquid 💰 on ur portfolio
Let me know points to consider on this stock , so i work and i will submit u those
👀 I always do analysis on crypto stocks _&_ large cap // rest of things i don't know much
__________________________________________________________________________________________
🪩 disclaimer :
▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌
Note 👀
👉 keeping comments , reacting with emojis , pointing us is very easy to some people
They think 💬 what they see 📌 that was knowledge 📌
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important ☺️
Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛
I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day 😊
Tesla - Make It Or Break ItHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
In 2020 we saw a major triangle breakout on Tesla which was followed by an incredible pump of +1.500%. Since 2021 Tesla has been again trading in a triangle pattern with support at the $120 level and at the $200 level. If Tesla breaks above the trendline mentioned in the analysis, I am looking for long setups. But Tesla could still also break below the $200 support area.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
What Color Is Your Tesla 🚘Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
TSLA has been hovering inside a range between the $200 support and $300 resistance.
Lately, TSLA has been bearish trading inside the falling blue channel and it is currently approaching the lower bound and $200.0 support.
🏹 Hence , as long as the 185.0 support holds, we will be looking for buy setups on lower timeframes.
On H1: Right Chart
📈 For the bulls to take over, we need a momentum candle close above the last major high in gray at 218.0
📉 Meanwhile , TSLA would be bearish and can still trade lower to dive inside the 185-200 support zone before trading higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Prophet Algo Picks - Jan 24,2024Prophet algo uses markov probabilities to get bullish and bearish probabilities for the day. Uses a custom machine learning algo which backtested gave a 75% win rate when trying to predict daily movements.
Definitions:
Positive day meaning : When the Closing price for the day is greater than the opening price
Negative day meaning : When the Closing price for the day is lower than the opening price
Markov model does not care about the intraday price movements, just the difference between opening and closing prices
If you would like to analyze intraday movements, use our technical tools, option chain and weekly stock forecasts to get further insights
NYSE:ABT
Category: Positive
Bullish Probability: 82.35%
Bearish Probability: 17.65%
NYSE:BALL
Category: Positive
Bullish Probability: 78.05%
Bearish Probability: 21.95%
NASDAQ:FITB
Category: Negative
Bullish Probability: 24.49%
Bearish Probability: 75.51%
NASDAQ:FSLR
Category: Negative
Bullish Probability: 26.67%
Bearish Probability: 73.33%
NYSE:GPC
Category: Positive
Bullish Probability: 76.67%
Bearish Probability: 23.33%
NYSE:PAYC
Category: Positive
Bullish Probability: 75.00%
Bearish Probability: 25.00%
NYSE:VZ
Category: Negative
Bullish Probability: 15.00%
Bearish Probability: 85.00%
NYSE:VFC
Category: Negative
Bullish Probability: 23.08%
Bearish Probability: 76.92%
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the dip on TSLA stock:
nor sold the regional top:
Then analyzing the options chain and the chart patterns of TSLA Tesla prior to the earnings report this week,
I would consider purchasing the 220usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $7.05.
The stock is also oversold on the Daily timeframe. Looks primed for a rebound!
TSLA Stock going upDespite Tesla (TSLA) hitting the resistance level at $208, my analysis suggests the stock won't break through this barrier just yet. However, I'm optimistic about its trajectory. The resistance has tested the stock's resilience, and it's holding steady, indicating a solid foundation. The current market dynamics, combined with Tesla's robust fundamentals, lead me to believe we're on the cusp of an uptrend. While it's essential to approach with caution, given the resistance hurdle, the indicators I'm observing support a positive outlook for TSLA's near future.
Decide: Buy or Sell - Netflix vs. Tesla EarningsSome analysts anticipate that Netflix's stock could reach a new 52-week high above $500 per share following the release of its fourth-quarter earnings report this Tuesday. The $506 mark is considered a target, representing the price it fell to at the beginning of 2022.
Positive sentiment towards Netflix has grown as profit estimates have been revised upward 17 times since the last earnings report. The company's revenue is expected to increase by 11% annually to $8.71 billion, driven by the introduction of a new, lower-cost, ad-supported basic subscription tier and efforts to combat illegal password-sharing.
If the forecasted revenue materializes, it will mark the highest quarterly sales total in Netflix's 17-year history, representing an 11% increase from the previous period to $8.7 billion.
However, this quarter's earnings might not live up to the company’s last earnings call, which generated a ~15% bump.
Meanwhile, Tesla's fourth-quarter update, scheduled for release on Wednesday after the close, may have a different trajectory. Tesla shares declined by 4.4% after the last earnings report, experiencing their third consecutive earnings-reaction-day selloff.
A fourth occurrence is possible, although it's also possible that the bottom is in. It will likely come down to whether investors are disappointed in their forward guidance for the first quarter of 2024
Tesla's margins are expected to face pressure due to its ongoing price-slashing strategy in recent quarters. However, this might already be factored into the current stock price.
TSLA has shown a pattern of lower highs and lower lows since the peak in July 2023, and it remains to be seen if support will materialize at its support levels of $200 and $194.
Elon Musk's xAI Secures $500 Million: The Race for AI Supremacy
In a bid to propel artificial intelligence to new heights, Elon Musk's startup xAI has recently secured a staggering $500 million in funding, aiming for a valuation between $15 to $20 billion, according to a Bloomberg report. The infusion of capital adds fuel to the already intense competition in the AI space, particularly between Musk's xAI and OpenAI, the company he co-founded. This development comes against the backdrop of Musk's persistent warnings about the potential risks and transformative impact of AI on humanity.
The Funding Race and Valuation Ambitions:
Musk's xAI had initially signaled its intent to raise $1 billion in funding through an equity offering, as revealed in documents submitted to the U.S. Securities and Exchange Commission. With Musk having already secured over $134 million at the time of notification, the recent injection of $500 million further underscores the significance and potential of xAI. The company is eyeing a substantial valuation between $15 to $20 billion, although terms remain subject to change. Musk has yet to publicly comment on the recent funding round.
The Musk-OpenAI Rivalry:
The race for AI supremacy has intensified since the launch of OpenAI's GPT-4 last year. Musk, always known for his ambitious endeavors, has been in direct competition with the company he co-founded, aiming to bring the next generation of generative AI to the market. Before the launch of Grok, xAI's AI model, Musk boldly claimed it to be the best currently available, emphasizing its real-time knowledge of the world through its connection to Twitter.
The Verbal Sparring and AI's Future Impact:
The rivalry between Musk and OpenAI reached new heights after the launch of Grok, with Musk and OpenAI's Sam Altman engaging in a public exchange of insults through their respective AI creations. Beyond the banter, Musk has consistently expressed both excitement and caution about the future of AI. He has warned that AI has the potential to threaten humanity by taking control of global computer and weapon systems. In a less alarming prediction, Musk also foresees AI eventually replacing humans in the workforce, reaching a point where no job is needed as AI systems become capable of performing every task.
Conclusion:
As xAI secures a substantial funding boost, the landscape of artificial intelligence becomes increasingly competitive. Elon Musk's ambitions for xAI, coupled with his cautionary remarks about the transformative power of AI, paint a picture of a future where technology may reshape industries and the very nature of work. The ongoing rivalry between Musk and OpenAI adds an intriguing dynamic to the narrative, underscoring the stakes involved in the race to develop and deploy the most advanced AI technologies. The recent funding injection into xAI amplifies the conversation around the evolving role of AI in society, prompting us to consider both the promises and perils that lie ahead in this rapidly advancing field.
Tesla reporting this week! $TSLATesla will report as soon as this Wednesday, Jan. 24, after the market close. Personally, I don't plan any trading activity here before the report. But at the moment the stock is in a technically interesting zone.
I see a double technical pattern here - Inv. Head and Shoulders. Based on the structure of the daily chart, the price is now in a potential right shoulder (RSh) zone, which could be a good area to start a position.
Meanwhile, the entire daily structure is a right shoulder (WkRsh) for the weekly pattern, which gives the current price zone more strength.
Of course, the report could break the technical pattern, but I will be watching and waiting for one of my triggers to occur.
TESLA: Bullish Continuation & Long Trade
TESLA
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long TESLA
Entry Point - 212.15
Stop Loss - 200.29
Take Profit - 239.94
Our Risk - 1%
Start protection of your profits from lower levels
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A Traders’ Week Ahead Playbook: living in interesting times We reflect on the week that was and where the US equity markets stole the show, with new highs in the S&P500, and the NAS100 outperforming all major equity markets. A.I names went on a tear on Friday, where notably Nvidia, Broadcom and AMD felt the love. With 16% of the S&P500 market cap reporting this week, earnings and corporate outlooks will play a greater role in the price action – it is hard to be short these markets given the upbeat flow but it’s hard to chase as well.
Tesla and Netflix will be the trader favourites this week, with the options markets implying moves (on the day of reporting) of -/+ 5.4% and 7.5% respectively. Tesla needs to pull something out of the bag to turn sentiment around and we see price having lost 20% in the past 14 days. Netflix comes off the back of a 16.1% rally on the day of reporting Q323 numbers, so longs will be hoping for something similar, to take price above $500. A daily close below the 50-day MA and I’d be exiting longs.
Conversely, the HK50 and CHINAH were savaged by over 5% and shorts continue to be the play, although a surprise cut to the 1 & 5-year Prime Rate would cause a decent reversal higher.
Pushback from several central bankers on the start point and extent of rate cuts (priced into swaps markets) caused front-end bond yields to move higher last week, with the market reevaluating whether March is indeed the start date for many central banks to start a cutting cycle. In the case of the Fed, the implied probability has fallen to 50%, and this pricing should hold firm until we see core PCE print later in the week – The USD holds a fair relationship with the evolving implied pricing for a March Fed cut, where rate cut probability falls the USD rallies (and vice versa).
The USD was the best performing G10 currency last week but with the ECB meeting in play this week, there are reasons to think EURUSD could push back into the 1.0950/70 area. The NZD gets close attention given the Q4 CPI print due and we’re seeing signs of diverging paths between the RBA and RBNZ in market pricing – looking for NZDUSD shorts on a momentum move through 0.6100 and AUDNZD longs at current spot levels, adding on a close through the 200-day MA.
The flow and set-up in gold is a little messy and the price is chopping about – no real directional bias in the near term and would look at selling rallies on the week into $2055 and buying dips into $2000.
While Nat Gas is getting good attention given price is in freefall, Crude is also on the radar with rallies recently sold into $75.20 and dips bought at $70 – A break on either side of that range could be meaningful.
Politics also comes into focus with the New Hampshire REP primary held on Tuesday – it won’t be a market event but could pull Trump one step closer to becoming the REP nominee, a fate most fully expect.
Good luck to all.
Marquee economic data for traders to navigate:
• China 1 & 5-year Loan Prime Rate – After the PBoC surprised and left the Medium-Lending Facility (MLF) rate unchanged last week the market now assumes the PBoC will also leave the 1 & 5-year prime rate unchanged at 4.2% & 3.45% respectively. The CHINAH was the weakest major equity market last week (-6.5% wow) and could revisit the October 2023 lows unless we see something far more definitive from the Chinese authorities.
• BoJ meeting (23 Jan no set time) – this should be a low vol affair, where expectations for policy change at this meeting are incredibly low, and one would be highly surprised if the BoJ lift rates out of negative territory. Consider the BoJ will provide new CPI and GDP forecasts at this meeting, and they could be very telling of the future need to move away from a negative rate setting.
• NZ Q4 CPI (24 Jan 08:45 AEDT) – the market sees Q4 CPI running at 0.5% QoQ / 4.7% YoY (from 5.6%. This is a clear risk for NZD exposures, where the outcome could see the market questioning if the RBNZ cut before/later than current pricing (in swaps) to start easing in May with 91bp of cuts priced by year-end. I like AUDNZD upside on growing central bank policy divergence.
• EU HCOB manufacturing and services PMI (24 Jan 20:00 AEDT) – the market sees both surveys modestly improving at 44.8 (from 44.4) and 49.0 (48.8) respectively. A services PMI read above 50 would likely promote EUR buying.
• UK S&P manufacturing and services PMI (24 Jan 20:30 AEDT) – The consensus is that we see the manufacturing diffusion index improving a touch to 46.7 (from 46.2), while services should grow at a slower pace at 53.0 (53.4). GBPUSD is carving out a range of 1.2800 to 1.2600 and I’m happy to lean into these levels for now.
• US S&P global manufacturing and services PMI (25 Jan 01:45 AEDT) – the market looks for the manufacturing index to come in at 47.5 (from 47.9) and services at 51.0 (51.4). A services PMI print below 50 could cause some gyrations in the USD and equity.
• Norges Bank meeting (25 Jan 20:00 AEDT) – The Norwegian central bank will almost certainly leave interest rates will stay unchanged at 4.5%. The market prices the first cut from the Norges Bank in June, with 107bp of cuts priced this year.
• Bank of Canada meeting (25 Jan 01:45 AEDT) – the market prices no chance of action at this meeting. The first cut from the BoC is priced in April with 101bp of cuts priced this year, so USDCAD (and the CAD crosses) tone of the statement.
• Japan Tokyo CPI (26 Jan 10:30 AEDT) – the market looks for headlines CPI to come in at 2% (from 2.4%), and super core at 3.4% (3.5%). The JP CPI print would need to miss/beat by some margin to cause a move in the JPY given the print is seen so soon after the BoJ meeting.
• ECB meeting (26 Jan 00:15 AEDT) – the market ascribes no chance of a cut at this meeting, but the ECB will provide new growth and inflation forecasts. Recent communication from multiple ECB members suggests a growing consensus for a cut in June, although EU swaps pencil in the first cut in April (priced at 82%), with 136bp of cuts priced by December.
• US core PCE inflation (27 Jan 00:30 AEDT) – the median estimate is for headline PCE to come in at 0.2% QoQ / 2.6% (unchanged) and core at 0.2% QoQ / 3% YoY (from 3.2%). US swaps put the probability of a cut in the March FOMC at 50%, so the PCE inflation data could influence that pricing and by extension the USD.
New Hampshire (NH) REP Primary (23 Jan) – Donald Trump is leading Nikki Haley in the polls by 15ppt in NH, with Trump picking up votes with Vivek Ramaswamy recently exiting the race, while Nikki Haley is benefiting from Chris Christie’s recent departure. Haley must win here or come very close, or her chances of becoming the REP nominee drop sharply. There is talk that Haley may drop out after NH if she doesn’t come close to gaining the most votes in NH, although she may still run in the South Carolina Primary (24 Feb) given it’s her home state – either way, the race for the REP nominee could essentially be over depending on the outcome of the NH primary. Polls close at 8pm EST, so we should know the outcome shortly after that.
US earnings – GE, Procter & Gamble, IBM (24 Jan after-market), Netflix (24 Jan 08:00 AEDT), Tesla (24 Jan after-market), Visa, Amex, Intel
TESLA Set To Grow! BUY!
My dear friends,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 212.19 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 228.50
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
TESLA: New long term uptrend starting. $600 end of year possibleTesla has turned oversold on its 1D technical outlook (RSI = 27.952, MACD = -6.270, ADX = 56.430) and crossed under the 1W MA200 for the first time since October 30th. Even though further decline up until the Fed Meeting (January 31st) is possible, on a wider perspective, this is a long term buy opportunity in disguise.
Why? Because the stock's Channel Down since July is repeating the same pattern of April-November 2016, which was eventually a Bullish Flag. The chart speaks for itself, they both started very low but grew exponentially on a parabolic curve, which after topping, it pulled back to the 1W MA200. After the Bullish Flag, Tesla hit the -0.118 Fibonacci extension seven months later. The 1W RSI patterns are equally identical.
It is therefore more than realistic to expect a test of the new -0.118 Fibonacci level by the end of the year (TP = 600.00).
See how our prior idea has worked out:
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TSLA: Is it Oversold?TSLA shares have lost their most important support level, around $230, and we are getting close to our next support, around $206, and such a move was detailed in our last public analysis, the link to which is below this post, as always.
As we can see, TSLA shares have consistently failed to react around their support levels, showing great weakness, and so far, we don't see any reaction that would justify a recovery, or that could trigger a bullish move.
The RSI is at low levels, below the 30% line, while it lost the 50 and the 200-period moving averages – however, there is no Death Cross yet. What’s more, TSLA has been dropping, losing all of its support levels, without any sign of struggle. A typical crash.
It's a fact that the stock is well discounted, in oversold territory. Whether this is a reason for a bullish reaction is anyone's guess. The next big catalyst will be next week's results release. S ince we're approaching a critical support zone, and with the sell-off theoretically exhausted, this could be a promising turning point.
Another important question is for how long will TSLA remain detached from the broad market? The indices are clearly bullish, and they have been for a while. Tech stocks are performing well, and the M7 are looking great compared to TSLA.
It all depends on how TSLA is going to react now that it is close to the $206 support. Remember, always wait for confimation on the price. Any bullish reaction could trigger a short-term bounce to higher levels, the problem is that the mid-term trend is bearish, and it would be important to se TSLA breaking the 21 ema on the daily chart, along with the $230 resistance, to reverse this bearish sentiment. Only then, I’ll see a technical reason that could convince me of a better recovery – otherwise, we may see just a Dead Cat Bounce.
I’ll keep you updated on this, so remember to follow me for more analysis like this.
All the best,
Nathan.
Shorting Fisker is extremely risy for now,Fisker is down by 50% this year. It is not a bargain but it is a candidate of a short squeeze. Remain in the sidelines.
RIVN Is Rivian the next TSLA?Yesterday, I observed some unusual blocks of calls in the options chain expiring on Feb 23, following the earnings release.
One of the most substantial positions was in the $20 strike price call, with options traders paying $1.7 million in premium.
Listening to analysts, some mentioned they expect a 'TSLA Model 3 moment' from RIVN as well.
In addition to Amazon, which has agreed to purchase 100,000 delivery vans from Rivian, AT&T is set to acquire its electric vans and R1 vehicles in a new pilot program starting in early 2024.
On the other hand, the CEO stated that he anticipates Rivian reaching a break-even point on each EV built by the end of this year. We will likely hear more about this on the earnings call.
I am extremely bullish on Rivian's upcoming earnings release!