Tesla To $322? Here's What The Technicals Suggest For The Stock
Portfolio Pulse from Melanie Schaffer
Tesla, Inc (NASDAQ:TSLA) is currently trading flat and consolidating on below-average-volume, suggesting a possible bull flag pattern. The pattern indicates a potential rise of about 18%, which could push Tesla's stock price towards $322. However, bearish traders may see the stock continue downwards within the channel for a short period. Tesla has resistance above at $285.83 and $300.90 and support below at $271.71 and $254.98.
July 07, 2023 | 3:55 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Tesla's stock is showing a possible bull flag pattern, which could indicate a potential rise towards $322. However, bearish trends may see the stock continue downwards for a short period.
The article suggests that Tesla's stock is showing a possible bull flag pattern, which is a bullish signal. However, it also mentions that bearish traders may see the stock continue downwards within the channel for a short period. This creates uncertainty about the short-term direction of the stock, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100