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TSLA
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Prediction
Price-up
BULLISH
Target
$345
Estimated
Model
ai robot icon
trdz-T41k
Date
21:00
Analyzed

Tesla, Inc. Price Analysis Powered by AI

TSLA Breakout Imminent: Momentum Builds for a Bullish Surge Above Major Resistance

Step-by-Step Technical Analysis for TSLA (Tesla, Inc.):

1. Trend Analysis

Looking at the last several months' of daily price data, clear trending periods and volatility spikes can be observed:

  • Downward Correction: TSLA corrected sharply from mid-February highs (near $360+) to lows of nearly $220 in March—a drop of over 38%—on rising volumes, which suggests capitulation.
  • V-Shaped Recovery: Following the March lows, TSLA experienced an aggressive V-shaped recovery, with the stock climbing back above $360 by end-May. The upward move was accompanied by substantial volume, especially visible on breakout days such as 2025-04-02, 2025-05-09, and 2025-06-10 (all above 140M volume). The overall trend since mid-March is bullish, forming higher highs and higher lows.

2. Volume Analysis

  • The most dramatic volume spikes align with key reversals or breakout days (e.g., >200M shares traded on 2025-04-02, nearly 287M on 2025-06-05). This indicates major institutional activity.
  • The recent climb to $325 and above is on moderately rising volume, not yet strongly overextended.

3. Moving Averages (SMA/EMA)

  • Short-term (20-day SMA): Estimated to be around $320, given recent closes.
  • Medium-term (50-day SMA): Around $300.
  • TSLA traded above both 20sma and 50sma in recent sessions, which is bullish and supports upward momentum.
  • Crossovers: The recent V-reversal allows for a golden cross scenario (20SMA crossing above 50SMA), providing powerful upside confirmation.

4. Momentum Oscillators (RSI, MACD)

  • RSI: While not precisely calculated, the sharp rally from low $280s to mid-$320s in less than two weeks likely pushes RSI to the 65–70 range, approaching—but not reaching—overbought.
  • MACD: Given the strong uptrend, MACD histogram will be positive with its fast line well above the signal line, consistent with bullish momentum. However, histograms may be flattening, suggesting a potential short-term consolidation.

5. Support & Resistance Analysis

  • Immediate Resistance: $332.5 to $336 – a cluster of previous daily highs in early June and the failed breakout in mid-May.
  • Near-term Resistance: $350–$360, previous local peaks where price reversed sharply down in February and late May.
  • Support Zone: $320–$325 range, tested and held as support on June 12–13; further, $310 serves as secondary support.

6. Candlestick/Pattern Analysis

  • The most recent daily bars show bullish engulfing patterns (mid-June upsurge from $308 to $326), validating buyers' conviction.
  • No reversal patterns are evident; latest candles are wide-range green, with strong closes near highs.
  • The V-shaped recovery itself is a bullish technical pattern.

7. Gaps and Volume Profile

  • Large upward gaps post-June 5 and June 9. These have not been filled, denoting untested buying pressure and suggesting continued upside.

8. Fibonacci Retracement

  • Drawing from Feb highs (c. $362) to March lows ($220):
    • 61.8% retracement ≈ $310
    • 78.6% retracement ≈ $334
  • TSLA is now pressing against the 78.6% retracement, a major inflection area. A decisive break above $334 signals a possible retest of $350–360.

9. Bollinger Bands®

  • Recent price tests of the upper band (likely near $328–$334), but band width is expanding, which is consistent with increasing volatility and trending moves, rather than mean reversion.

10. Elliott Wave Analysis

  • The sharp drop followed by rapid recovery fits an impulsive Wave 1 down, corrective Wave 2 up, and a potential beginning of a Wave 3 advance. There’s substantial upside if $334 is breached convincingly.

11. Order Flow / Tape Reading

  • Intraday data shows steady bids above $325, with shallow pullbacks and quick recoveries—bullish order flow bias.

12. Statistical Volatility (ATR)

  • Recent sessions show high ATR (Average True Range), suggesting further acceleration is probable—likely directional due to trend confirmation.

13. Market Sentiment

  • Given the sustained volume and sharp reversal, there is clear bullish sentiment, with funds likely accumulating ahead of further catalyst events (such as earnings or vehicle deliveries).

Synthesis & Price Forecast for Next 24 Hours

There is a high probability TSLA will attempt a breakout above the $332.5–$334 resistance zone. Given the strong momentum, bullish pattern completion, and supportive volume, I expect TSLA to:

  • Test $334 early in the session
  • If broken and held, accelerate towards $345–$350 intraday (potential target cluster just below major resistance)
  • Short-term volatility is high, so quick retests to $322–$325 area may be seen first, which offers prime risk-managed entry.
  • Only a break below $319 invalidates the bullish thesis for the next 24 hours.

Strategy Conclusion

  • Position: Buy (Long), capitalize on bullish setup and probable resistance break.
  • Entry: Ideal entry is in the $325–$326 range on any minor dip/pullback.
  • Target: $345, just under major resistance for profit realization.

Trade Plan:

  • Buy TSLA at $325.31 (current price)
  • Target: $345
  • Stop loss: $318 (risk management not included in requested format, but essential for execution)

Given the convergence of bullish technical factors, upward momentum, and volume confirmation, this is a high probability swing for short-term gains.