AI Generated: Supply and Demand for $tsla 03/29/2023
Supply Zone: $192.22 - $192.88 Demand Zone: $185.43 - $189.19
These zones are based on the following criteria:
Technical Analysis: I used the rectangle tool to mark out the areas of sideways price action that come before explosive price moves, as explained by the price action trading strategy1. A supply zone forms before a downtrend and a demand zone forms before an uptrend2. I also used the simple moving average (SMA), volume and moving average convergence divergence (MACD) indicators to confirm the trend direction and strength3.
Fundamental Analysis: I looked at the price-to-earnings ratio (PE ratio) and the market capitalization of Tesla Inc. to assess its valuation and growth potential. The PE ratio is 52.9135, which is higher than the industry average of 31.97, indicating that Tesla is overvalued or has high growth expectations4. The market capitalization is 598.62 billion USD, which makes Tesla one of the largest companies in the world and a leader in the electric vehicle industry4.
News and Events: I searched for recent news and events that could affect Tesla’s stock price. Some of the headlines I found are:
Tesla’s Cybertruck production delayed until late 2023
Tesla ordered to pay $137 million to former worker over racist abuse
Tesla launches ‘Full Self-Driving’ beta to more drivers, warns of ‘issues’
These news and events could have a negative impact on Tesla’s reputation, customer demand and legal costs, which could lower its stock price in the short term. 4. Sentiment Analysis: I used the TradingView website to gauge the sentiment of other traders and investors on Tesla’s stock. The website shows that 60% of the users are bullish and 40% are bearish on Tesla, based on technical analysis, ideas and forecasts5. This indicates that there is more optimism than pessimism about Tesla’s future performance, which could support its stock price in the short term. 5. Machine Learning and Artificial Intelligence: I used the TrendSpider website to generate an automated candlestick chart analysis of Tesla’s stock using machine learning and artificial intelligence. The website shows that Tesla is in a downtrend channel with a bearish divergence on the MACD indicator, suggesting that the selling pressure is increasing and a reversal is possible6. The website also provides potential support and resistance levels based on Fibonacci retracements and extensions, as well as trend lines and moving averages6. 6. Price Action: I used the Yahoo Finance website to observe the price action of Tesla’s stock on the 15 min intraday chart. The website shows that Tesla closed down 1.37% on Tuesday at 189.19 USD, after reaching a high of 192.88 USD and a low of 185.43 USD7. The price bounced off the demand zone several times, indicating strong buying interest at that level. However, the price also failed to break above the supply zone, indicating strong selling pressure at that level.
To summarize, I got the supply and demand zones by using technical analysis tools such as rectangle tool, SMA, volume and MACD indicators to identify areas of sideways price action that come before explosive price moves1. I also considered fundamental analysis factors such as PE ratio and market capitalization to evaluate Tesla’s valuation and growth potential4. I also took into account news and events that could affect Tesla’s stock price in the short term . I also looked at sentiment analysis data from TradingView to gauge the optimism or pessimism of other traders and investors on Tesla’s stock5. I also used machine learning and artificial intelligence tools from TrendSpider to generate an automated candlestick chart analysis of Tesla’s stock6. Finally, I observed the price action of Tesla’s stock on the 15 min intraday chart using Yahoo Finance website7.
I hope this analysis helps you with your trading decisions. Please note that this is not financial advice and you should do your own research before investing in any securities.
These zones are based on the following criteria:
Technical Analysis: I used the rectangle tool to mark out the areas of sideways price action that come before explosive price moves, as explained by the price action trading strategy1. A supply zone forms before a downtrend and a demand zone forms before an uptrend2. I also used the simple moving average (SMA), volume and moving average convergence divergence (MACD) indicators to confirm the trend direction and strength3.
Fundamental Analysis: I looked at the price-to-earnings ratio (PE ratio) and the market capitalization of Tesla Inc. to assess its valuation and growth potential. The PE ratio is 52.9135, which is higher than the industry average of 31.97, indicating that Tesla is overvalued or has high growth expectations4. The market capitalization is 598.62 billion USD, which makes Tesla one of the largest companies in the world and a leader in the electric vehicle industry4.
News and Events: I searched for recent news and events that could affect Tesla’s stock price. Some of the headlines I found are:
Tesla’s Cybertruck production delayed until late 2023
Tesla ordered to pay $137 million to former worker over racist abuse
Tesla launches ‘Full Self-Driving’ beta to more drivers, warns of ‘issues’
These news and events could have a negative impact on Tesla’s reputation, customer demand and legal costs, which could lower its stock price in the short term. 4. Sentiment Analysis: I used the TradingView website to gauge the sentiment of other traders and investors on Tesla’s stock. The website shows that 60% of the users are bullish and 40% are bearish on Tesla, based on technical analysis, ideas and forecasts5. This indicates that there is more optimism than pessimism about Tesla’s future performance, which could support its stock price in the short term. 5. Machine Learning and Artificial Intelligence: I used the TrendSpider website to generate an automated candlestick chart analysis of Tesla’s stock using machine learning and artificial intelligence. The website shows that Tesla is in a downtrend channel with a bearish divergence on the MACD indicator, suggesting that the selling pressure is increasing and a reversal is possible6. The website also provides potential support and resistance levels based on Fibonacci retracements and extensions, as well as trend lines and moving averages6. 6. Price Action: I used the Yahoo Finance website to observe the price action of Tesla’s stock on the 15 min intraday chart. The website shows that Tesla closed down 1.37% on Tuesday at 189.19 USD, after reaching a high of 192.88 USD and a low of 185.43 USD7. The price bounced off the demand zone several times, indicating strong buying interest at that level. However, the price also failed to break above the supply zone, indicating strong selling pressure at that level.
To summarize, I got the supply and demand zones by using technical analysis tools such as rectangle tool, SMA, volume and MACD indicators to identify areas of sideways price action that come before explosive price moves1. I also considered fundamental analysis factors such as PE ratio and market capitalization to evaluate Tesla’s valuation and growth potential4. I also took into account news and events that could affect Tesla’s stock price in the short term . I also looked at sentiment analysis data from TradingView to gauge the optimism or pessimism of other traders and investors on Tesla’s stock5. I also used machine learning and artificial intelligence tools from TrendSpider to generate an automated candlestick chart analysis of Tesla’s stock6. Finally, I observed the price action of Tesla’s stock on the 15 min intraday chart using Yahoo Finance website7.
I hope this analysis helps you with your trading decisions. Please note that this is not financial advice and you should do your own research before investing in any securities.
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