Tesla Inc. weekly uptrend opportunity based On 1.00 Lot Calculation:
- Tesla Inc. designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. Tesla sells more than five fully electric cars, among others, the new Model Y, the Model S sedan and the Model X SUV, and the Model 3 sedan, which is among the world's top-selling electric cars.
- Q2 CAR DELIVERY EXPECTATIONS RAISED TO AROUND 200,000 (NEW QUARTERLY RECORD?): Wedbush analyst Deni Ives said that Tesla is on track to comfortably top 200,000 units delivered in the second quarter. According to Electrek (US News Website dedicated to electric transportations), the brand's production capacity for the quarter is already sold out. Tesla delivered around 184,000 in the first quarter, meaning that delivery could rise around 9.00% quarter on quarter in the second quarter.
- ANALYST OPINION: Goldman Sachs forecasts $860 a share. Bank of America raises Tesla Price Target to $900 a share. Wedbush analyst Deni Ives raised Tesla Prices Target to $1,000 from $950. Deutsche Bank raised Tesla Price Target to $900. Morgan Stanley increased Tesla Price Target to $900 from $810 a share. ARK Investment Fund (run by Cathie Wood) gives Tesla a Price Target of $3000 by 2025.
- PRICE ACTION: Tesla hit a fresh all- time high of $899.81 in January 2021. At the moment the stock trades around 30% below its all- time high.
- STOCK PRICE TECHNICAL OVERVIEW (SUPPORT AREA BELOW $600 A SHARE): Historically, the Tesla stock has been maintaining a strong support area below the mark of $600 a share. After it started to pull back from its all- time high of $899.81 (January 2021), the stock has two times (in March 2021) tried to push below the mark of $600. The third time happened on May 11, but prices again moved quickly back above the mark of $600. In addition, the Daily Relative Strength Index fell close to the oversold threshold of 30.
Tesla Inc., (#TSLA) May 12, 2021
Current Price: 600
|
TESLA Inc. |
Weekly |
|
Trend direction |
|
|
860 |
|
|
810 |
|
|
700 |
|
|
500 |
|
|
450 |
|
|
400 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
TESLA INC. |
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|
Pivot Points |
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|
Profit or loss in $ |
260,000.00 |
210,000.00 |
100,000.00 |
-100,000.00 |
-150,000.00 |
-200,000.00 |
|
Profit or loss in €** |
214,168.04 |
172,981.88 |
82,372.32 |
-82,372.32 |
-123,558.48 |
-164,744.65 |
|
Profit or loss in £** |
183,841.73 |
148,487.55 |
70,708.36 |
-70,708.36 |
-106,062.53 |
-141,416.71 |
|
Profit or loss in C$** |
314,207.40 |
253,782.90 |
120,849.00 |
-120,849.00 |
-181,273.50 |
-241,698.00 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:00 a.m. (GMT+1) 12/05/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details