Price at the Time of Analysis: $402.77
Bullish Above $416.50
Why Bullish Above?A move above $416.50 puts the price above the Value Area Highs of today (so far), yesterday, and two days ago. This clearly marks the top of the range, and a breakout above this level suggests strong buyer momentum.Tesla is currently down 2% in the pre-market, underperforming the rising NASDAQ. Those seeking a short position may consider the following levels:
$410.65: A key level near the Value Area High (VAH) of today and yesterday’s POC.
Stop Loss Recommendation: Shorts should consider a stop no higher than $418.83, at their discretion.
If the short trade works out and price falls below $402.07, which is the Value Area Low (VAL) of today and yesterday, along with the critical $400 psychological level, partial profit-taking could be considered at:
$397.27: Just above the VWAP from three days ago.$389.11: Just above the VAL from three days ago.$375.27: Just above the VAL from two days ago.For those looking at a swing short, consider holding until Tesla reaches $352–$352.48, a zone near the Value Area Low where price could reverse. This would also be a potential entry point for a long position as Tesla approaches oversold levels.
This analysis acts as a map for traders:
Bullish Scenario: Monitor price behavior near $416.50. If price cannot sustain above this level or reverses downward, shorting becomes more favorable.Bearish Scenario: If price breaks below $402.07, it indicates deeper bearishness, with downside targets at the levels mentioned above.Trade at your own risk.
Tesla’s (TSLA) valuation ratios have experienced significant changes compared to the previous quarter. Here’s a breakdown of the latest metrics and what they mean for TSLA stock performance and investor sentiment.
1. Price-to-Earnings (P/E) Ratio
Previous Quarter: 71.67Current Quarter: 112.442. Price-to-Sales (P/S) Ratio
Previous Quarter: 9.42Current Quarter: 14.773. Price-to-Cash Flow (P/CF) Ratio
Previous Quarter: 63.19Current Quarter: 99.134. Price-to-Book (P/B) Ratio
Previous Quarter: 12.00Current Quarter: 18.82What This Means for TSLA Stock Investors
Opportunities: High valuations may be justified if Tesla continues to deliver strong revenue and earnings growth.Risks: Elevated metrics could signal overvaluation, making the stock vulnerable to corrections if growth expectations are not met.
TSLA Stock Price and Valuation Outlook
Trade and invest at your own risk.
Understanding valuation metrics like P/E, P/S, P/CF, and P/B is crucial for assessing whether TSLA stock is priced fairly relative to its performance and market potential. By monitoring these key ratios, investors can make more informed decisions about Tesla’s stock trajectory.
Optimize your trading strategies with this analysis of TSLA stock and its valuation.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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