Trade for profitcompany active in the automotive sectorwhich rose by 2.09%.
The analysis of the stock performed on a weekly basis highlights the bullish trendline of Tesla Motors more pronounced than the trend of Nasdaq 100. This expresses the market’s greater attractiveness towards the stock.
For the medium term, the technical implications assumed by Tesla Motors they are still read in a negative light. Some signs of improvement emerge instead for the short-term approach, read through the faster indicators which highlight a decrease in the speed of descent. At this point, a slowdown in the descent approaching 160.3 USD is possible. The most immediate resistance is estimated at 168.8. Expectations are for an intermediate reaction phase aimed at repositioning the technical framework on more balanced values and a target of 177.3, to be reached in a reasonably short time.
The indications are to be considered mere information tools, and are in no way intended to constitute financial advice, solicitation for public savings or promote any form of investment.
(By the Teleborsa Research Office)
