Sliding In December: Is Tesla (TSLA) Losing Its Spark?
As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it:
Losing all its spark? Nah. But, we see a correction for TSLA happening this December, starting within the next 1-2 days. Why?
- It’s currently bumping into price levels we last saw in 2022, which served as a strong ceiling back then and might trigger profit-taking now.
- It's well into a Wave 5 Elliott Wave, signaling exhaustion in 4h/8h/1D timeframes.
- Overbought.
Additionally, many are noting that Tesla’s valuation feels stretched compared to its earnings and growth prospects. Analysts point out that its current price may rely on overly optimistic assumptions about future market share, tech breakthroughs, and profitability. Some also highlight that competitors are catching up, which could eat into Tesla’s premium valuation. Meanwhile, skeptics argue that the stock’s recent run has simply gotten ahead of fundamentals, and a correction might be due as more realistic expectations set in.
We see a 10% slide to the $360 range.
Let's see what December brings.
Be Alert.
Trade Green.
Tslasell
TSLA Technical Analysis and Trade IdeaMarket Observations: #TSLA has experienced downward pressure as evidenced by the distinct pattern of lower highs/lows on the daily chart, signaling a clear downtrend. A significant price gap exists above the current trading range. This setup suggests a potential stop run above the range to clear liquidity, providing an opportunity for larger institutions to fill short orders.
Trade Strategy: Target a short entry on a potential stop run above the range. Aim for an initial profit target at the previous daily low, with a secondary target at the 165 level, which aligns with a prior daily low. Manage risk with a strategically placed stop-loss order.
Disclaimer: This analysis reflects my personal opinion and does not constitute financial advice. Always conduct your own comprehensive research and risk assessment before executing any trades.
$TSLA pull back is a bear trap?$TSLA soars after beating the eps couple weeks ago, along with the market bounce from inflation data and other news.
i think this pull back is a must to cool off after soaring almost 100$ in a month. daily chart rsi shows its over bought and
4hour chart show its entering the squeeze zone. but the momentum of tsla still looking strong for now until the higher time
frame breaks below moving average.
TSLA average price move per day is $7-$13 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entries and exit for TSLA:
Buy call above 200.60 and sell at 204.90 or above
Buy puts below 192.09 and sell at 188.06 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
TESLA not looking good BRUhHello, I am a NiceCat, Sir and Nice to meet you.
TSLA is not looking good after the H&S top formation and breakdown, now testing last support that is not that strong.
This probably will be lost with fake reclaim, followed by a clean retest that is a nice opportunity for a short term short position.
Or when in doubt better wait and place some bids in the area below, 100-120 USD.
Good luck.
Strong Sell Signal On Tesla For Swing TradingI analyze on daily and weekly chart. Here are the list of indicators that Tesla is going down:
1. 100 SMA and 25 SMA crossover on weekly timeframe. SMA crossover is the first indicator I look for because it is the first indicator to show up.
2. Support line is being break by today's candle from the consolidation in the past month and the support from past few months. You can see my support line in color white in my chart.
3. -DI is above the ADX and the +DI is below the ADX which means it is very bearish. The slope of the ADX also counts. The higher the slope, the stronger the signal.
I'm currently looking for 130-150 for possible support. My first signal to close the position is when the -DI goes under the ADX but I will still wait for further indicators of reversal before taking profit.
Elon short because he said not to?What you see here is TSLA in somewhat of a range after repeatedly failing to create a higher high on larger timeframes. Look out for the retest of 280/281 for another small drop with potential of a larger drop. Although I am confident in the short term drop of tesla I do not believe that a bull run starting between 260 and 266 is impossible due to the volume of buyers previously interested at those levels, only time will tell.
Tesla Fundamental, Technical and IdeasTSLA—Tesla Fundamental and Price Chart Analysis ( Concluding and comparing historical financial health, stability, growth and value of company to current and future projections to help make investment decisions. )
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TSLA Fundamental Analysis
Income Statement
- Income, Earnings and profit margin for Tesla all increased over past 5 years
- Tesla reported higher than forecast earnings for company for the past 4 quarters
Balance Sheet
- Increasing Assets and liabilities with a shrinking Debt-Asset Ratio
Cash Flow ( Value of the Company is ALWAYS a reflection of FREE CASH FLOW )
- 2018-2019 Tesla free cash flow growth risen by 442.2%.
- 2019-2021 Telsa free cash flow growth is still increasing but by smaller percentages. Since 2019
Tesla free cash flow growth decreased by -455.04%.
- Trailing Twelve Month free cash flow for TSLA is nearly 70% higher than free cash flow ending year 2021.
Source: tradingview.com
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TSLA Price Chart Analysis
Tesla decreased more than 50% in value since November 4, 2021 bringing the value of the company near 52 weeks low between 790.00 - 640.00 on Daily timeframe. Largest movements to downside are near Company Earning Announcements ( though Tesla has reported higher than expected earnings for 4 consecutive quarters, the growth rate between the both has been declining.
*Tesla is expected to announce lower than previously forecasted and actual earnings ( @ 1.81/per share ) and
revenue ( @ 16.5 billion ) report today July 20, 2022 during after market hours.*
Sub-chart indicators demonstrates indecision in direction of price with 750.00 being close to the highest price investors are currently willing to pay for stock. Near 790.00 is assumed to be safest and most profitable position to enter a short term sell entry.
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Sentiment for TSLA:
-Short Term Bearish
- Mid Term Bullish
Entry and Exit Levels for TSLA:
-Short Term SELL - up to 2.5 months Holding period )
- Limit 790.00
- Stop Loss 900.00
- Take Profits 400.00
- Reward-Risk 3.50/1.00
Mid Term BUY - up to 5 month Holding period )
- Limit 500.00
- Stop Loss 400.00
- Take Profits 1000.00
- Reward-Risk 5.00/1.00
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*All information is to help educate and assist you in your investing/trading journey and doesn’t guarantee any favorable outcomes.
TSLA short term sell signalTSLA Financial Analysis
Income Statement
- Income, Earnings and profit margin for Tesla all increased over past 5 years
- Tesla reported higher than forecast earnings for company for the past 4 quarters
Balance Sheet
- Increasing Assets and liabilities with a shrinking Debt-Asset Ratio
Cash Flow ( Value of the Company is ALWAYS a reflection of FREE CASH FLOW )
- 2018-2019 Tesla free cash flow growth risen by 538.85%.
- 2019-2021 Telsa free cash flow growth is still increasing but by smaller percentages. Since 2019
Tesla free cash flow growth decreased -455.04%
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TSLA Price Chart Analysis
Tesla stock has been decreasing in value since November 4, 2021 losing more than 50% of yearly gains.
Largest decrease in value is near Earning announcements. ( Though Tesla reported higher than forecast earnings—Tesla earnings growth has been declining )
*Tesla forecast to report lower earnings and revenue compared to previous quarter results for the first time in 5 most
recent earning announcements.*
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Sentiment: Short Term Sell - Long Term Buy/Hold
TSLA-SELL++Looking at the SMA strength indicator, which I simply created for a technical analysis course, and who knows it exists somewhere... shows that when it is high and turning down, in whatever trend we were, the trend is weakening. I added a simple moving average 7-period to the 14-period SMA strength indicator. This shows we are changing the strength downward.
For me that signals as stated that we will see corrective action once again back towards $ 950 again coming weeks.
TESLA-SELL strategyIt seems topping out, and becoming ready for a move lower.
The DC channel resistance likely will be kept, and the candle stick formation provides some evidence for a decline in the making.
Strategy SELL @ 1,080 - 1,100 for a move below $ 950 again. Stop-loss maybe above $ 1,175 for now.
TSLA-SELL strategyThe run up of the share price is attributed to the VIX being high at the time, and this has reversed now. Also it may be battery powered :)
For now, we are above the cloud on daily chart, but the run up was a little too quick, and it feels we may have some resistance on DC and topping out is very possible.
For those interested, I suggest a SELL @ 1,010-1,020 with tight stop-loss @ $ 1,110. The profit order inside cloud $ 875 for now.
TSLA-SELL strategyAs long the resistance $ 950-960 holds, we should see a break of $ 868 trend line support. Further, we got a large M-top formation, and usually this suggest lower medium-term levels.
For now, the strategy is SELL $ 925-30 with a stop-loss $ 965. The profit objective $ 750.
The weekly chart stochastic is positive right now as a note.
TSLA-SELL strategyFor now I remain being a preferred SELL strategy. We got resistance $ 978 and strong cloud resistance $ 1,021.
We need to break the support line of the previous uptrend to confirm, however negative stochastic and overall a likely M-pattern suggests we should see $ 750 or lower.
Strategy SELL current $ 905-935 ith stop-loss $ 1,025 now. Profit target $ 750-600.
TESLA-SELL strategyI do not like the pattern and moves of late, and it starts looking negative overall. We have broken below $ 1,000 support, and we are below cloud and the conversion line has gone through the base line now, and this suggest much lower levels to come.
I have aborted my long strategy, and feel we should be selling now current $ 985-1,025 range with stop-loss above $ 1,080. The profit objective is first $ 885 and then $ 737.