Analyzing Tesla's Future Trends: Navigating the Bearish Territory

As of Wednesday, October 18th, Tesla stock has entered the Bearish zone. Over the past 11 days, it exhibited an upward trend and correction pattern within the Bullish zone. Particularly, yesterday showed signs of transitioning from the correction pattern to a strengthening upward trend, indicating a possible re-entry into the Bullish zone. However, a sudden surge in selling pressure resulted in a sharp decline, leading to a strong bearish close. This trend is clearly depicted on the 'Trend zone' chart.

It's crucial to note the moment where the trend attempted to shift from the Bullish zone to the Bearish zone but failed, leading to a rapid downward turn. Today marks a significant turning point, transitioning from the correction pattern to a clear downtrend. The outlook suggests a prolonged period of bearish momentum. We need to abandon expectations of the previous upward and correction trends, as well as the subsequent rising trend within the Bullish zone. The trend is anticipated to continue with a strong bearish momentum, occasionally interrupted by weak buying pressure leading to short-term rebounds.

In the short term, the ongoing downtrend is likely to persist for another 2-3 days. As we approach the psychological support level in the Bearish zone early next week, selling pressure is expected to weaken, allowing for a brief rebound. However, after this short-lived rebound, the trend is likely to reverse back into a sustained downtrend.

Tesla stock demonstrates a high correlation of 72% with the overall U.S. market, indicating a strong alignment with market sentiment and trends. It's prudent to prepare for potential further declines, and considering long-term buying strategies should be delayed for an extended period.


Oct 18, 2023

◆ Closed price

242.68

-4.78%

　

　

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

◆ Today's stock price Buy-Sell intensity analysis

The current trend appears to be '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 stronger LOW-price Finally, the CLOSE-price closed with a stronger decline rate than the current trend.

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

Assuming that the average sell intensity is -100%,

Today's sell intensity is

-228%

 

 

◆ Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like TSLA stock will enter a Rebound trend tomorrow

The %intensity of Risk & Return tomorrow :

-90%

HIGH ~ LOW % range tomorrow :

-0.1%

-2.0%

Predicted Average loss over the next 3 days:

-4.6%

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

72%

 

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

28%

 

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-day forecast may also change.

◆ TSLA stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow a strong downward direction, 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 somewhat higher, while the upward strength is moderate. Currently, it's in the midst of a downtrend characterized by a strong downward price momentum, with temporary rises and strong falls. and The Buy-Sell intensity has changed from a weak selling flow to a suddenly strengthening selling flow.

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 either today or tomorrow.

The selling date is

Oct 19

 

 

A good price to sell a stock:

$ 242.10

And the appropriate buying timing is predicted to be in 2 days.

 

The buying date is

Oct 19

to

Oct 20

A good price to buy a stock:

$ 234.69

(Prediction may shift due to changes in the Buy-Sell intensity)

◆ Volatility of Prediction

Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.

◆ Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 3 days from now, 6 days from now, 9 days from now

36%

◆ Prediction of Upper~Lower price range over the next 10 days

Price:

229.61

~

244.55

% Change:

-5.4%

~

0.8%

Median price between the upper and lower prices

237.08

-2.3%

◆ Analysis of the trend zone & level% and average intensity of trends

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

Bullish

13%

The Current trend zone & level%

Bearish

-15%

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

Bearish

-35%

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

43%

(Max 100%)

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

-64%

(Min -100%)

◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Entering a rebound trend

-90%

-0.1%

-2.0%

In 2 days: Entering a rebound trend

-100%

0.0%

-3.0%

In 3 days: Entering a rebound trend

45%

2.7%

-0.3%

In 4 days: Rebound trend

42%

2.2%

-0.2%

In 5 days: Entering a downtrend

-3%

1.0%

-1.0%

In 6 days: Entering a downtrend

-100%

-0.1%

-3.4%

In 7 days: Downtrend

-97%

-0.1%

-3.2%

In 8 days: Downtrend

-22%

0.6%

-2.0%

In 9 days: Entering a rebound trend

-36%

-0.1%

-1.5%

In 10 days: Rebound trend

42%

2.9%

0.0%

◆ Average closing price in case of rising:

 

1.7%

=> HIGH ~ LOW range:

2.9%

~

-1.1%

◆ Average closing price in case of falling:

 

-2.3%

=> HIGH ~ LOW range:

1.0%

~

-3.1%

The 10-day prediction and technical analysis of TSLA stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. 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.

 

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