Technical Analysis – Tesla stock to fall on missed earnings; bulls could be near
Tesla stock to open lower on disappointing Q4 earnings
October’s low in focus as oversold conditions detected
Tesla’s stock finished Wednesday’s session on a negative note but remained supported above the 206 level, which has been restricting both upside and downside movements over the past four years.
The latest bearish cycle started after the bulls proved unsuccessful in crossing above the broken support-turned-to-resistance trendline drawn from January 2023, while also failing to breach the long-term resistance trendline from the 2021 record high for the second time at the end of December 2023.
The company’s disappointing Q4 earnings release after the closing bell is now threatening for another negative extension, shifting the focus to October’s low of 193.86. If the bears ignore that floor, the downtrend could stretch aggressively towards the 175.30 region.
On the upside, the bulls will need to jump above the exponential moving averages (EMAs), which lie within the 225-235 region, to reach the long-term descending trendline at 250. Then, they will have to surpass the previous high of 264 in order to meet the constraining ascending line at 273.
According to the RSI and the stochastic oscillator, the market is already sailing within oversold waters. Hence, an upside reversal could soon take place.
In brief, the ongoing bearish cycle could face another extension today, though given the oversold conditions in the market, the bulls might be around the corner to take the stock up again.相关资产
最新新闻
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
