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Tesla Technical Analysis - Tesla Trading: 2022-06-20

Tesla Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 619.24

Sell Stop

Above 754.39

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2110
RSI Neutral
Donchian Channel Neutral
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

Tesla Chart Analysis

Tesla Chart Analysis

Tesla Technical Analysis

The technical analysis of the Tesla stock price chart on daily timeframe shows #S-TSLA: Daily is retracing down under the 200-day moving average MA(200) after a rebound following a drop to eleven-month low four weeks ago. We believe the bearish momentum will continue after the price breaches below 619.24. 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 754.39. 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 (754.39) without reaching the order (619.24), 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 news Elon Musk, Tesla, SpaceX are sued over alleged Dogecoin pyramid scheme . Will the Tesla stock price resume retreating?

Bloomberg reported last Thursday Elon Musk, Tesla, SpaceX are sued for $258 billion over alleged Dogecoin pyramid scheme. According to the report, Keith Johnson filed a claim alleging he was defrauded out of money by the defendants, calling the meme coin a “Dogecoin Crypto Pyramid Scheme.” The report went on to say that Johnson claimed, “Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all.” Johnson looks to represent DOGE investors “who have lost money trading in DOGE since April 2019. The claim asks for a $258 billion in damages in addition to an order preventing Musk, SpaceX, and Tesla Inc. from promoting Dogecoin. Stock closed down 8.6% on the day after the news. There were reports the same day Tesla has cut job postings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to cut staff by about 10% and "pause all hiring worldwide." A day earlier Tesla again raised prices for all its car models in the United States in response to persistent global supply-chain problems and soaring raw material costs. Stock fell.

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