Tesla is neutral

191.2 is our pivot point.

Our preference

Look for a drop towards 191.2 before a bounce.

Alternative scenario

Below 191.2, expect 166.3 and 151.6.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 214.6165 and 213.6278).

Supports and resistances

296.9 **

281.6 *

266.2 **

250.6

216.12 (USD-last)

201.1

191.2 **

166.3 *

151.6 **

Number of asterisks represents the strength of support and resistance levels.