TSLA Stock Analysis: Assessing Short-term Bearish Trends and Potential Rebound Strategies.

 TSLA Daily Stock Analysis: Navigating Short-term Downtrends and Assessing Rebound Potential.



Summary:

Tesla, Inc.'s daily stock performance has been in a bearish zone for the past nine days, exhibiting a downtrend followed by a rebound trend. On October 30th, the stock clearly showed a downtrend, especially evident from the low being 6.09% below the average low fluctuation of -3.4%. This indicates a strong selling pressure. In the short term, this downtrend is expected to continue for another two days. However, there are signs of weakening selling pressure, suggesting a potential rebound trend starting around Wednesday or Thursday this week. Even in a rebound scenario, the buying pressure remains weak, indicating a limited upward movement within the range of $185 to $200. The current daily trend is in the bearish zone, signifying a strong potential for further selling. Therefore, long-term investment strategies are not advisable at this point. A suitable entry point could be considered only if the daily trend rises to at least within 18% below the bearish zone, which is currently at -125%. The market similarity index with the broader US market stands at 72%, indicating a strong correlation. As the overall US market is anticipated to continue its rebound trend until mid-November, Tesla's stock is likely to move within a range until then. However, post-mid-November, there is a high possibility of the selling pressure intensifying, leading to a renewed downtrend.

Introduction: This report analyzes the daily stock performance of Tesla, Inc. (TSLA) up to October 30, 2023, highlighting the recent downtrend and potential future market movements.

I. Market Overview: Tesla, Inc.'s daily stock performance has been bearish for the past nine days, showing a consistent downtrend. On October 30th, the stock experienced a significant drop, with the low being 6.09% below the average low fluctuation of -3.4%, indicating strong selling pressure.

II. Short-Term Outlook: The downtrend is expected to continue for the next two days. However, signs of weakening selling pressure suggest a potential rebound trend starting around Wednesday or Thursday this week. The buying pressure remains weak, indicating a limited upward movement within the range of $185 to $200.

III. Long-Term Perspective: Considering the current position in the bearish zone (-125%), long-term investment strategies are not advisable. A suitable entry point could be considered only if the daily trend rises to at least within 18% below the bearish zone.

IV. Market Similarity: The market similarity index with the broader US market stands at 72%, indicating a strong correlation. As the US market is anticipated to continue its rebound trend until mid-November, Tesla's stock is likely to move within a range until then. However, post-mid-November, there is a high possibility of the selling pressure intensifying, leading to a renewed downtrend.

Conclusion: In summary, Tesla, Inc.'s daily stock performance indicates a current downtrend with strong selling pressure. While a short-term rebound is expected in the coming days, the overall market sentiment remains bearish. Long-term investments are not advisable at this point, and investors should monitor the market closely for potential entry points in the future.


Oct 30, 2023

Closed price

197.36

-4.79%

 

 

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 upward rate than the current trend and The HIGH and LOW prices are showing a stronger 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

-175%

 

 

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 :

-53%

HIGH ~ LOW % range tomorrow :

-0.8%

-2.3%

Predicted Average loss over the next 3 days:

-5.8%

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 descending rectangle pattern, with a ratio of 2 : 8 for the downward to upward direction, indicating a higher proportion of the upward trend. However, in terms of the expected strength of the upward and downward movements, the upward strength is moderate, while the downward strength is somewhat higher. 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 strengthening selling flow again.

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 buying timing is predicted to be in 2 days.

The buying date is

Oct 31

to

Nov 01

A good price to buy a stock:

$ 189.31

And the appropriate selling timing is predicted to be in 9 days.

 

The selling date is

Nov 09

to

Nov 10

A good price to sell a stock:

$ 194.83

(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 2 days from now, 7 days from now

30%

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

Price:

188.37

~

197.36

% Change:

-4.6%

~

2.9%

Median price between the upper and lower prices

192.87

-2.3%

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

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

Bearish

-11%

The Current trend zone & level%

Bearish

-125%

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

Bearish

-110%

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

34%

(Max 100%)

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

-51%

(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

-53%

-0.8%

-2.3%

In 2 days: Entering a rebound trend

-37%

0.2%

-2.4%

In 3 days: Rebound trend

41%

1.5%

-0.4%

In 4 days: Entering a downtrend

50%

2.0%

-0.1%

In 5 days: Entering a downtrend

-12%

0.8%

-1.7%

In 6 days: Entering a downtrend

5%

0.6%

-1.0%

In 7 days: Reversion to a rebound trend

19%

1.8%

-2.3%

In 8 days: Rebound trend

43%

2.1%

0.0%

In 9 days: Entering a downtrend

43%

2.0%

0.0%

In 10 days: Entering a downtrend

-100%

-0.1%

-5.5%

Average closing price in case of rising:

 

1.6%

=> HIGH ~ LOW range:

2.9%

~

-1.0%

Average closing price in case of falling:

 

-2.7%

=> HIGH ~ LOW range:

1.0%

~

-3.4%

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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