StockNews.AI
TSLA
Barrons
221 days

Tesla Stock Has Tumbled From December Highs. What the Charts Say Happens Next. - Barron's

1. TSLA is in pullback mode after significant gains this past month. 2. Shares are down 18% from the Dec. 17 record high of $479.86. 3. Support levels identified around $350, with potential upside aiming at $480-$500. 4. S&P 500 and major indices also experienced declines recently. 5. Market technicians suggest patience is required due to current market sentiment.

4m saved
Insight
Article

FAQ

Why Neutral?

The pullback indicates cautious sentiment, but support levels may attract buyers, similar to past corrections.

How important is it?

Market sentiment impacts TSLA; technician forecasts may guide short-term trading behavior.

Why Short Term?

Short-term trading plans center around identified support and resistance levels, not long-term fundamentals.

Related Companies

Related News