pretiming: TSLA. Tesla, Inc. (TSLA) stock for the next 10-Week forecast and technical analysis.

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TSLA. Tesla, Inc. (TSLA) stock for the next 10-Week forecast and technical analysis.

Sep 04, 2023.

Closed price

248.50

1.42%

 

 

Appropriate Investment Position: Bearish-Sell [Long-term strategy]

This week's stock price Buy-Sell strength analysis

The current trend appears to be 'Entering a downtrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a weaker upward rate than the current trend.

The overall buy-and-sell strength indicates that the buy strength is stronger than the sell.

Assuming that the average buy strength is 100%,

This week's buy strength is

62%

 

 

Next week's stock price Buy-Sell strength Forecast

Based on recent stock trends and technical analysis, it looks like TSLA stock is poised for a Downtrend next week

The %strength of Risk & Return next week :

-100%

HIGH ~ LOW % range next week :

1.9%

-8.9%

Predicted Average loss over the next 3 weeks:

-17.1%

The price of TSLA stock moves in line with the rise and fall of the stock market index with a probability of

76%

 

, and conversely, it moves against the stock market index trend with a probability of

24%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change.

TSLA stock price 10 Week forecast [Short-term strategy]

It is expected that the overall trend movement over the next 10 weeks will follow a descending rectangle pattern, with a ratio of 6 : 4 for the downward to upward direction, indicating a higher proportion of the downward trend. And, in terms of the expected strength of the upward and downward movements, the downward strength is higher, while the upward strength is moderate. Currently, it's about to begin a downtrend as a rebound trend gradually gives way to small increases and sharp declines. and It's maintaining a suitable Buy-Sell strength for the current trend conditions.

Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Sell(Bearish)' for now. The appropriate selling timing is predicted to be this week or next week.

The selling date is

Sep 11

 

 

A good price to sell a stock:

$ 250.03

And the appropriate buying timing is predicted to be in 3 weeks.

The buying date is

Sep 18

to

Sep 25

A good price to buy a stock:

$ 209.39

(Forecast may change due to changes in the Buy-Sell strength)

Volatility of forecast

Due to maintaining a proper flow of Buy-Sell strength that is suitable for the current trend, pretiming forecasting may have low volatility.

Predicting the turning point of the trend

The probability of a trend reversal occurring This week and approximately 4 weeks from now, 8 weeks from now

50%

Forecast of Upper~Lower price range over the next 10 weeks

Price:

212.37

~

273.35

% Change:

-14.5%

~

10.0%

Median price between the upper and lower prices

242.86

-2.3%

Analysis of the trend zone & level% and average strength of trends

For the last 30 weeks, the average trend zone & level%

Bullish

30%

The Current trend zone & level%

Bearish

-40%

The expected average trend zone & level% for the next 10 weeks

Bearish

-44%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

31%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-82%

(Min -100%)

Forecasting the strength of the trend and the range of the HIGH ~ LOW

Trend

Strength%

HIGH

LOW

In 1 week: Downtrend

-100%

1.9%

-8.9%

In 2 weeks: Downtrend

-82%

2.4%

-5.6%

In 3 weeks: Downtrend

-89%

0.2%

-7.4%

In 4 weeks: Entering a rebound trend

1%

1.6%

-3.5%

In 5 weeks: Rebound trend

45%

7.2%

0.5%

In 6 weeks: Rebound trend

45%

9.0%

1.0%

In 7 weeks: Entering a downtrend

31%

5.0%

0.0%

In 8 weeks: Entering a downtrend

-100%

0.7%

-8.3%

In 9 weeks: Downtrend

-85%

2.0%

-5.6%

In 10 weeks: Entering a rebound trend

-35%

0.5%

-3.0%

Average closing price in case of rising:

 

5.3%

=> HIGH ~ LOW range:

9.0%

~

-4.4%

Average closing price in case of falling:

 

-7.0%

=> HIGH ~ LOW range:

3.6%

~

-9.5%

The 10-week forecast and technical analysis of TSLA stock are conducted based on the analysis of buy-sell strength by the pretiming method. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.