TSLA Stock price prediction for 2024-2025
To more accurately forrcast the TSLA stock price, we will conduct a technical analysis of the dailly and weekly price chart.
The recommended analysis tools are MACD, RSI, MFI, VWAP and SMA, and tick vloumes combined with chart patterns.
Thesw tools help identify oversold areas, trade entry point.
The TSLA stock daily chart shows the company’s share are trending up. Quites are currenty at around $269.07, and “Bullish Marubozu” trend contiution patterns have formed. Also note an upwaed price gap, which also signals strong buying presssure.
Additionally, trick volumes are rising, indicating that market participants are interested in buying the asset. The MFI indicators also shows an inflow of funds into the asset.
The RSI values are located near the overbought zone at 67, with a slight potential for further growth. The MCAD indicator values have crossed the zero line upwards and are rapidly increasing in the positive zone, giving a buy signal.
The market price is above the weighted average price according to VWAp and the SMA20, confirming the advantage of the bulls in the market.
A large ascending triangle is being built on the weekly chart of TSLA shares. the price has broken it from below at amount $266.98. According to the pattern rules, the potential terget is located at $383.70,
Note an upward price gap, followed by the formation of a Bullish Marubozu pattern. Tick volumes show neutral dynamics,while the MFI indicator shows a cash inflow. The RSi values are also rising rising and holding around 60, indicating potential for further growth. After a continued decline, the MACD values have resumed growth in the positive zone. This indicators more active buying of the treading instrument and an increase in upward momentum.
The VWAP indicator’s weighted average price and the SMA20 line are below the market price, confirming the positive dynamics of TSLA shares.
The price will most likely continue to grow over the next 12 months.Breaking the key resistances of $269.76 may drive the opening of long positions with tergets at around $298.22-383.70.
In an alternative scenario, the price breaks out the lower boundary of the uptrand at $222.57. In case, the downward movement may acceletate, and the price will fall to $205.70-126.93.
TSLA Long-Term Trading Plan
TSLA shares remain likely to grow over the next 12 months. The conducted tecnical analysis has allowed us to identify key support and resistance levels that can be used in a long trem trading strategy.
Trading Plan for the Next Three Month
A large ascending triangel is currently forming , and it was broken out at $266.98.A potential buy target is located at $383.70.
The candelstick pattern Bullish Maruozu signals increasing deamand for the asset.Tecnical indicators provide signals on the daily and weekly chhatrs to open long positions once the consolidate avobe the key resistance level of $269.76, with tergets ranging from apporoximately $298.22 to $383.70.
Altarnative scenario: if the price declines to the key support of $222.57 and consolidate below, a further fall to $205.70-$126.93 can be expected.
The support levels in the nwxt 12 months are$ 222.57,$205.70,$182.19,$153.86,and $126.93.
The key resistance levels are $269.75,$298.22,317.37,$345.28,$365.28,$365.34 and $383.70.
