Tesla is neutral

Our pivot point stands at 191.2.

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 its neutrality area at 50. The MACD is below its signal line and negative. 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.