Tesla (TSLA)

Dec 27

SUMMARY

TSLA is currently undervalued at a discount of 23% at the time of this writing and is facing key support levels which can act as pivot points for the stock in the near future. You can watch more on these support levels in our technical analysis video below. TSLA is a fundamentally strong company with a wide competitive advantage or moat, but unlike some SPX stocks, Tesla is still seen as a somewhat speculative business. Investors and Traders should allocate a lower percentage allocation to this stock when adding to their portfolio due to the volatile nature of its price action and investor sentiment.

TECHNICAL ANALYSIS

When is a good time to buy TSLA? What do the charts tell us about TSLA price movement? What are key price points and levels for TSLA?

In this December 2022 Premium Stock Report video we look at the stock chart of Tesla TSLA and analyze the price action of TSLA through technical analysis. We look at the medium and long term price outlook, identify 4 buy points for individuals looking to accumulate TSLA shares, identify the most likely support levels and pivotal price points, we look at 3 indicators that all show an oversold condition and that the price is due for a rebound. We also discuss our future price movement outlook and where we believe the stock price is likely to end up in the short, medium and long term.

Could the price of TSLA go to $70 per share? The last 4 days of 2022 trading are crucial! Do you own TSLA shares? Should you buy or sell TSLA shares right now? In this charting video we use technical analysis to determine what could happen with the Tesla stock price over the next few months.

We explore different price action scenarios, various support & resistance levels, pivotal points and other chart indicators.

TSLA is down - 70% from its all time highs.

TSLA is down - 37% in the last 3 weeks.

TSLA is down - 18% last week.

Tesla stock is currently facing a strong bearish momentum from a technical analysis perspective. However, the stock is oversold and at crucial support levels. The last week of trading in 2022 will determine whether the price will continue to decline or experience a short term recovery with a bullish price momentum.