Short-Term Upswing: Navigating TSLA's Rise with an Eye on an End-of-October Downturn.


 The daily trend of TSLA entered the Bullish zone seven days ago, indicating an upward trend. However, starting from October 11th, it shifted into a correction trend. Over the next 2-3 days, we can expect limited fluctuations between rises and falls, followed by a resumption of the upward trend at the beginning of next week. After this upcoming upward trend, there will be a gradual weakening in the intensity of the rise, eventually leading to a shift into a correction trend. By mid to late October, a significant downturn is anticipated, leading the stock into the Bearish zone.

Considering this overall pattern, the current upward movement and the anticipated rise until next week are likely to represent short-term peaks. This period of upward movement could serve as an opportune time for investors to reevaluate their positions, especially in anticipation of the downward trend expected by the end of October. The similarity with the overall trend in the US stock market stands at a substantial 72%, although the projected timeline might change depending on market influences.


Oct 11, 2023

Closed price

262.99

-0.24%

 

 

Appropriate Investment Position: Bullish-Buy [Long-term strategy]

Today's stock price Buy-Sell intensity analysis

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

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

Assuming that the average buy intensity is 100%,

Today's buy intensity is

130%

 

 

Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like TSLA stock is poised for an Correction trend tomorrow

The %intensity of Risk & Return tomorrow :

-40%

HIGH ~ LOW % range tomorrow :

0.1%

-1.2%

Predicted Average loss over the next 3 days:

-4.3%

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 upward direction, with a ratio of 5 : 5 for the downward to upward direction, with the proportion of the upward and downward trend being equal. And, in terms of the expected strength of the upward and downward movements, the upward strength is higher, while the downward strength is moderate. Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 3 days.

The buying date is

Oct 13

to

Oct 16

A good price to buy a stock:

$ 255.64

And the appropriate selling timing is predicted to be in 6 days.

 

The selling date is

Oct 18

to

Oct 19

A good price to sell a stock:

$ 278.25

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

Volatility of Prediction

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

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 3 days from now, 7 days from now, 9 days from now

35%

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

Price:

258.61

~

278.20

% Change:

-1.7%

~

5.8%

Median price between the upper and lower prices

268.40

2.1%

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

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

Bullish

15%

The Current trend zone & level%

Bullish

92%

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

Bullish

63%

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

72%

(Max 100%)

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

-39%

(Min -100%)

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

Trend

%Intensity

HIGH

LOW

In 1 day: Correction trend

-40%

0.1%

-1.2%

In 2 days: Correction trend

-50%

-0.2%

-2.0%

In 3 days: Entering an uptrend

-16%

0.2%

-1.3%

In 4 days: Uptrend

100%

4.3%

0.0%

In 5 days: Uptrend

88%

3.5%

0.1%

In 6 days: Entering a correction trend

1%

2.5%

-0.2%

In 7 days: Entering a correction trend

-45%

0.2%

-2.4%

In 8 days: Correction trend

-48%

0.0%

-2.5%

In 9 days: Entering an uptrend

-31%

0.0%

-1.2%

In 10 days: Uptrend

100%

3.9%

0.1%

Average closing price in case of rising:

 

2.7%

=> HIGH ~ LOW range:

3.4%

~

-0.9%

Average closing price in case of falling:

 

-1.1%

=> HIGH ~ LOW range:

1.5%

~

-2.6%

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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