Tesla gives in to negative pressures - Analysis - 17-06-2022
Tesla's stock (TSLA) returned lower after the company hiked prices in the US to combat rising aluminum and other supplies cost, and the company also hiked Model y prices in China, with Jefferies analysts cutting down sales forecasts for this year and next year.
The company marked a loss of 8.54%, or 59.70 points, settling at 639.30, with trading volumes surpassing 35.7 million shares, above 10-day averages of 32.2 million shares.
The downward correctional trend in the short term, with negative signals from the RSI, after reaching overbought levels, while suffering pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of 547.00, provided the resistance of 780.80 holds on.
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Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
0.9687
|
0.0032
|
0.3273%
|
|
|
|
|
1.0814
|
-0.0006
|
0.0568%
|
|
|
|
|
18.836
|
-0.023
|
0.122%
|
|
|
|
|
82.311
|
3.017
|
3.805%
|
|
|
|
|
89.32
|
3.00
|
3.48%
|
|
|
|
|
1656.640
|
11.280
|
0.686%
|
|
