Tesla's($TSLA) Slippery Slope: A Dive of - 5.06% and What Lies Ahead 📉🚗🔋
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Tesla's Slippery Slope: A Dive of 5.06% and What Lies Ahead 📉🚗🔋
Tesla (TSLA), a major player in the electric vehicle revolution, recently faced a notable slump, seeing its stock price tumble by -5.06% in just a day. However, historical trends suggest this might just be a pit stop before another race uphill. Let's delve deeper into this stock's performance, industry analytics, and what could be the next move for Elon Musk's brainchild.
📊 Performance Overview
In a landscape where 71.43% of motor vehicle stocks are trending upwards, Tesla's recent dip stands out starkly. But hold on! Historical data has shown that in over half the cases (51% to be precise), TSLA bounces back after such dips, hinting at the potential for a downtrend reversal.
💰 Earnings and Valuations
Despite the recent price hit, Tesla remains a financial juggernaut in the Motor Vehicles Industry. Their last earnings report on July 19 boasted an impressive EPS of 91 cents, surpassing estimates. The behemoth's market cap stands tall at a whopping 777.66B, dwarfing many competitors.
🚗 Industry Insight
The motor vehicle industry is in the midst of an electric revolution. While traditional giants like Ford and General Motors are gradually transitioning, Tesla has been at the forefront, pioneering many innovations in the EV space. Their commitment to sustainable energy and technology-driven advancements makes them a force to be reckoned with.
📈 Future Predictions
A notable beacon of hope for investors is the Momentum Indicator for TSLA, which turned positive recently. Such shifts have historically signalled a move upwards 87% of the time. Thus, traders might consider optimising their portfolios to capitalise on potential gains.
Furthermore, AI insights suggest a correlation between Tesla and RIVN, implying that a rise in Tesla could potentially bolster RIVN's stock performance. while Tesla's recent slip has caught the eye of many investors and analysts, historical data and current indicators suggest a potential for recovery. As with any investment, risks persist, but for those with faith in the electric future, Tesla might still be a promising ride. 🚀🔌🌍
TSLA's RSI Oscillator ascends from oversold territory
The RSI Oscillator for TSLA moved out of oversold territory on August 21, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 29, 2023. You may want to consider a long position or call options on TSLA as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TSLA just turned positive on August 25, 2023. Looking at past instances where TSLA's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
TSLA moved above its 50-day moving average on September 11, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TSLA crossed bullishly above the 50-day moving average on September 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 334 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where TSLA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TSLA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TSLA broke above its upper Bollinger Band on September 11, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (16.556) is normal, around the industry mean (6.824). TSLA has a moderately high P/E Ratio (75.758) as compared to the industry average of (20.822). Projected Growth (PEG Ratio) (2.335) is also within normal values, averaging (5.686). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (9.852) is also within normal values, averaging (52.364).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of electric sports cars
Industry MotorVehicles
TSLA and
Correlation & Price change
A.I.dvisor indicates that over the last year, TSLA has been loosely correlated with RIVN. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if TSLA jumps, then RIVN could also see price increases.
| Ticker / NAME | Correlation To TSLA | 1D Price Change % | ||
|---|---|---|---|---|
| TSLA | 100% | -1.47% | ||
| RIVN - TSLA | 57% Loosely correlated | -1.50% | ||
| LCID - TSLA | 54% Loosely correlated | -0.91% | ||
| RACE - TSLA | 49% Loosely correlated | +1.27% | ||
| HMC - TSLA | 45% Loosely correlated | -1.47% | ||
| TM - TSLA | 45% Loosely correlated | -3.19% | ||
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