Tesla (TSLA, $184.51 )Here are the major analyst calls from Monday.
Tesla Inc. (TSLA) experienced a significant technical development on April 5, 2023, as its stock price moved below its 50-day moving average, signaling a potential change from an upward trend to a downward trend. This development has caught the attention of market analysts, who are closely monitoring the situation and providing their insights on the potential implications for Tesla's stock performance.
According to historical data, this recent event is not uncommon, as TSLA has experienced similar instances in the past. In fact, out of 29 similar occurrences, the stock price has decreased further within the following month in 23 instances, indicating a pattern of a continued downward trend after crossing below the 50-day moving average. This suggests that there may be a high probability of a continued downward trend for TSLA in the near term.
Analysts are citing the odds of a continued downward trend for TSLA at 79%, based on the historical data and the technical analysis of the recent breach of the 50-day moving average. This suggests that there may be a higher likelihood of TSLA's stock price declining further in the coming weeks.
The breach of the 50-day moving average may be seen as a bearish signal by technical analysts, as it could indicate a potential shift in the momentum of TSLA's stock price. This may be attributed to various factors, including changes in market sentiment, investor behavior, or company-specific news.
It's important to note that technical analysis is just one tool used by analysts to assess stock performance, and other factors such as fundamental analysis, market trends, and external events should also be taken into consideration. However, the breach of the 50-day moving average for TSLA has raised concerns among analysts and investors alike, as it suggests a potential change in the stock's trend and warrants close monitoring in the coming weeks.
As always, it's crucial for investors to conduct their own research, seek advice from qualified financial professionals, and carefully consider their investment strategies based on their individual risk tolerance and investment goals. The stock market can be volatile and unpredictable, and past performance is not indicative of future results.
The breach of Tesla's 50-day moving average on April 5, 2023, may indicate a potential change from an upward trend to a downward trend, according to historical data and technical analysis. Analysts are noting the odds of a continued downward trend at 79%, based on past instances. However, investors should carefully consider multiple factors and seek professional advice before making any investment decisions.
TSLA's RSI Oscillator climbs out of 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 .
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 .
TSLA moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend.
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 (16.313) is normal, around the industry mean (6.793). TSLA has a moderately high P/E Ratio (74.627) as compared to the industry average of (20.824). Projected Growth (PEG Ratio) (2.301) is also within normal values, averaging (5.678). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (9.709) is also within normal values, averaging (52.270).
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% | -2.62% | ||
| RIVN - TSLA | 57% Loosely correlated | -3.91% | ||
| LCID - TSLA | 54% Loosely correlated | -5.14% | ||
| RACE - TSLA | 49% Loosely correlated | -3.74% | ||
| HMC - TSLA | 45% Loosely correlated | -2.46% | ||
| TM - TSLA | 45% Loosely correlated | -1.30% | ||
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