• Tesla Stock (TSLA) is currently trading at $274.45 with a rise of 5.34% in the 24 hours.
• The Tesla 52-week price range is 101.81-314.67.
• Tesla Inc.’s (TSLA) market capitalization is 869.87B.

Trend Evaluation

By evaluating the price data of the Tesla Stock, it can be said that it is in an uptrend currently. The price inclined by 26.61% in the last 1 year. We can say that Tesla is performing well right now. From its 52-week bottom price of $101.81, it increased to $314.67 its peak price. The Tesla stock gives some good returns to investors. The current market sentiments are good about the stock. The average volume of the previous three months is 134056993. Buyers are showing interest in the stock in the present market scenario. The market is under the control of the bulls now.

Tesla Stock Technical Analysis

The price of Tesla has slipped above  50 and 200 EMA, which suggests that the price is in a bullish trend. The stock could grow more in value in the upcoming week. If the buyers continue to push the price upwards, it will grow more. The price is consolidating near 200 days EMA and then breaking it, which shows that bulls are back in control. A golden cross has been seen between 50 Day EMA and 200 Day EMA which is a positive sign.

The technical indicator MACD is also in the positive zone. The MACD line at 22.41 and signal line at 17.94 is above the zero line, suggesting the MACD is in positive territory and giving bullish signals.

The current value of RSI is 88.51 points, and the 14 SMA line is currently below the median line, around 82.05 points which shows bullish sentiment in the market. The 14 Day SMA line above the median line indicates a bullish trend. The bullish sentiment spreads around the market as the price is currently at an overbought zone.

Tesla Stock Trendline Analysis:

The price has respected its significant trendline support, and it is going toward a resistance of $312. If the price breaks the trendline, then it will go up to the next resistance and if it gets rejected by the resistance, then it will come back to the current support.

Volume Analysis:

There is a substantial significant boost in the volume of the stock. The average volume of the previous three months is 134056993.

Technical Levels-

Support – The current Support Level of Tesla is $193.88.

Resistance –The Current Resistance Level of Tesla is $312.

Conclusion

Tesla Inc. (TSLA) is rising upwards in the market. The price action suggests that the price may increase more in the upcoming days because it broke its primary trendline resistance level. Tesla’s price shows an optimistic scenario at the moment. Major reliable indicators like EMA, RSI, and MACD give positive signals about Tesla Stock. The enthusiasm is growing among investors because of the good performance of the stock. Good buying is seen in the Tesla stock in recent days.

Disclaimer

The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.