Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Tesla's stock kept rising in the short term, scoring a fresh profit of 0.93%, or 3.24 points, with positive support from the 50-day SMA, while buoyed as well by a positive pattern that formed in the short term, the Falling Wedge pattern, with the stock still venting off overbought saturation in the RSI despite gains, indicating the strength of upward momentum here.
Therefore we expect more gains for the stock, as long as the support of 326.67 holds on, targeting the resistance of 387.46.
Expected trend for today: Bullish