Tesla (NASDAQ:TSLA) Stock Crash To $300 Or Skyrocket Towards $600

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Tesla
Ticker: NASDAQ:TSLA
Price: $400.51

Tesla Outlook

The future of Tesla stock is uncertain as to whether it can replicate the absurd gains it experienced in 2020.

But what is far more certain is that the stars are aligning for a TSLA stock breakout at just the right time.

As the company begins to lose a bit of the momentum that propelled it to a banner year, a Biden victory in the upcoming U.S. presidential election would likely spur further TSLA stock growth for years to come.

The fact is that we’re likely to see a friendlier White House for Musk to deal with in the next four years (at least). That alone could have huge ramifications for the future of Tesla stock.

Compare that with an increasing focus on the environment among both consumers and politicians, and you have a product that is well-suited to dominate the market in the next few years.

While I’m under no illusion that Tesla stock is guaranteed to see 700% gains in the next 12 months, I do believe that another 50% to 100% gain in the next year is well within reason, as the company’s political options open up just as its tech continues to impress and its cars continue to fly off showroom floors.

Business Summary

Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products.

The Company operates through two segments: Automotive, and Energy generation and storage.

The Automotive segment includes the design, development, manufacturing, and sales of electric vehicles.

The Energy generation and storage segment includes the design, manufacture, installation, and sale or lease of stationary energy storage products and solar energy systems to residential and commercial customers, or sale of electricity generated by its solar energy systems to customers.

The Company produces and distributes two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle (SUV). It also offers Model 3, a sedan designed for the mass market.

It develops energy storage products for use in homes, commercial facilities and utility sites.

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the downside.

The projected upper bound is: 470.30.

The projected lower bound is: 330.34.

The projected closing price is: 400.32.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 27.6242. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 44.12. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 42 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -117.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 4 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 9 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed up 12.470 at 400.510. Volume was 100% below average (consolidating) and Bollinger Bands were 45% narrower than normal.

Open High Low Close Volume___
394.000 406.980 392.300 400.510 60,468
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 414.14 422.19 246.17
Volatility: 49 110 115
Volume: 27,941,742 62,659,520 79,522,472

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

TESLA INC is currently 62.7% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.

Our volume indicators reflect volume flowing into and out of TSLA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TSLA.O and have had this outlook for the last 1 periods.

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