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- 1 Tesla Inc (NASDAQ: TSLA) stock price decreased by 3.27% over the last 24 hours.
- 2 Tesla Inc (TSLA) stock’s 52-week price range is $101 – $299.
Tesla has been increasing its earnings by an average of 75.6% per year, while the auto industry’s earnings grew by 17.2% per year. Its revenues have been rising by an average of 35.3% annually. This data is based on Simplywall Inc., a website that provides financial information. Tesla’s return on equity is 23.4% and it has net margins of 13%.
According to Simplywall Inc., Tesla has a shareholder equity of $52.2 Billion and a debt of $1.5 Billion, which gives it a debt-to-equity ratio of 2.9%. Its assets and liabilities are $90.6 Billion and $38.4 Billion, respectively. Tesla’s EBIT is $12.7 Billion, which results in an interest coverage ratio of -23. It has $23.1 Billion in cash and short-term investments.
Tesla (TSLA) stock has a market value of $811.622 Billion and total revenue of $81.46 Billion. Its basic EPS is $3.87 and its price-to-earnings ratio is 75.00. The stock price has risen by 5.13% this month and by 57.43% in the last six months, leading to a positive year-to-date return of 115.84%.
Additionally, the average volume of Tesla price is 1122.107 Million and the current volume is 103.677 Million. The volume chart shows that the current volume is lower than average and if buying pressure does not intervene then it may drop further.
Technical Analysis of Tesla Price in 1-D Timeframe
The price action shows that Tesla Inc (NASDAQ: TSLA) price has been in a bullish trend for the last three months and increased by 63.16%. It is currently trading at $261.07 at the time of writing. A symmetrical triangle pattern is forming on the one-day chart and the price is about to break out. This pattern is neutral as the price consolidates and then picks a direction, which could be either up or down.
Therefore, if the TSLA price is rejected from the CMP level and falls then it may reach the nearest support levels of $240.92 and $207.19.
Alternatively, if the TSLA price holds the CMP level, then the price may go up and reach the targets of $307.56 and $356.10.
The Tesla price is above the 50, 100 and 200-day EMAs, which support the uptrend. However, the 20 EMA is broken which is showing selling pressure and suggests that if more sellers join in then it might be possible to break the EMAs one after another over the one-day time frame.
Additionally, the MACD line at 3.27 and the signal line at 6.90 are over the zero line, signaling bearishness in the market. Also, the RSI is at 48.71 points and the 14 SMA is above the middle line at 57.29 points, which indicates a downward direction and bearish sentiment in the market of Tesla Inc.
Summary
Tesla Inc (NASDAQ: TSLA) indicates that the investors and traders of the stock are bearish on the 1-D time frame. The price action suggests a bearish outlook at the time of publishing. The technical oscillators of the TSLA stock price also support the bearish trend. The major indicators MACD, RSI, and EMA are highlighting negative signals and imply that the downtrend may continue over the Tesla Price.
Technical Levels:
- The nearest support for Tesla Price: $240 and $207.
- The nearest resistance for Tesla Price: $307 and $356
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
