TSLA last price was $ 200.86 . In the short term Tesla has been negatively accelerating higher. In the long term Tesla has been decelerating higher. Over the past 22 days, the TSLA price increased 12 days and decreased 10 days. For every up day, there were 0.83 down days. The average return on days where the price increased is 5.7899% The average return on days where the price decreased is -2.7139% Over the past 22 Days, the price has increased by 47.83% percent. Over the past 22 days, the average return per day has been 2.1741% percent. With the long term trend being the stronger of the two, we propose a long trade idea with an overnight time horizon.

TSLA last price was $ 200.86 . The long term trend decelerating higher is stronger than the short term trend negatively accelerating higher. This trade goes long when the price was moving higher but decelerating over the past 22 days.

Over the past 22 days, the TSLA price increased 12 days and decreased 10 days. For every up day, there were 0.83 down days. The average return on days where the price increased is 5.7899% The average return on days where the price decreased is -2.7139% Over the past 22 Days, the price has increased by 47.83% percent. Over the past 22 days, the average return per day has been 2.1741% percent.

Within 1 week, our worst case scenario where we are 95% certain that this level won't trade for TSLA, is $ 188.25, and the best case scenario overnight is $ 213.47. levels outside of this range are unlikely, but still possible, to trade. We are 50% confident that $ 196.6309 could trade and that $ 205.0878 could trade. These levels are within statistical probability.

TSLA strongly bullish and maintains stance for further recovery

Feb 25 2023