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Tesla Technical Analysis - Tesla Trading: 2022-04-07
Tesla Technical Analysis Summary
Below 1027.01
Sell Stop
Above 1151.84
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Sell |
Tesla Chart Analysis
Tesla Technical Analysis
The technical analysis of the Tesla stock price chart on daily timeframe shows #S-TSLA: Daily has peaked above the 200-day moving average MA(200) after breaching above it again. We believe the bearish momentum will continue after the price breaches below 1027.01. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the Parabolic signal at 1151.84. 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 (1151.84) without reaching the order (1027.01), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Tesla
Tesla’s stock fell after Chinese EV maker Nio announced it may license its battery swap technology to competitors. Will the Tesla stock price resume rebounding?
There were reports two days ago Nio is now discussing licensing the technology to competing electric vehicle makers - both Chinese and international automakers to use its battery swapping stations. Nio's battery swap technology allows customers to pay a lower upfront cost for the vehicle and use existing swap stations through a subscription service to install fresh batteries in as little as three minutes, according to the company. Nio expects its number of stations to grow from 800 to 5,000 globally in just the next few years. Nio has placed its swapping stations there beside Tesla superchargers in Norway last year to help show how quick and easy the process is to existing EV owners. Tesla owners can't do that - Tesla is integrating its batteries ever-more fully into its vehicles, they're essentially part of the car's chassis. The possibility that a competing technology may become the standard is bearish for company’s stock price. Tesla’s stock lost 4.7% on the day after the news.
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