{"id":136175,"date":"2024-12-12T11:58:24","date_gmt":"2024-12-12T04:58:24","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=136175"},"modified":"2024-12-12T11:58:24","modified_gmt":"2024-12-12T04:58:24","slug":"watch-these-tesla-stock-price-levels-after-first-record-high-in-three-years","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=136175","title":{"rendered":"Watch These Tesla Stock Price Levels After First Record High in Three Years"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"mntl-sc-page_1-0\" data-sc-sticky-offset=\"80\" data-sc-ad-label-height=\"0\" data-sc-ad-track-spacing=\"90\" data-sc-min-track-height=\"250\" data-sc-max-track-height=\"600\" data-sc-breakpoint=\"50em\" data-sc-load-immediate=\"1\" data-sc-content-positions=\"[300, 1, 1, 1250, 1, 1, 1, 1]\" data-bind-scroll-on-start=\"true\">\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-callout mntl-block\">\n<div id=\"mntl-sc-block_2-0\" class=\"comp mntl-sc-block mntl-sc-block-callout mntl-block theme-whatyouneedtoknow\" data-tracking-id=\"mntl-sc-block-callout\" data-tracking-container=\"true\">\n<h3 id=\"mntl-sc-block-callout-heading_1-0\" class=\"comp mntl-sc-block-callout-heading mntl-text-block\">Key Takeaways<\/h3>\n<div id=\"mntl-sc-block-callout-body_1-0\" class=\"comp mntl-sc-block-callout-body mntl-text-block\">\n<ul>\n<li>Tesla shares soared to a new all-time high Wednesday as the stock gained ground for the sixth straight day, extending a huge post-election rally.<\/li>\n<li>Since breaking out from an ascending triangle early last month following the election, Tesla shares have continued to trend sharply higher.<\/li>\n<li>The measuring principle, which calculates the percentage change between the ascending triangle\u2019s lower and upper trendlines and adds it to the pattern\u2019s top trendline value, forecasts a bullish price target of $585.65.<\/li>\n<li>Investors should watch key support levels on Tesla&#8217;s chart around $380 and $300.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p id=\"mntl-sc-block_3-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Tesla (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=tsla\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">TSLA<\/a>) shares soared to a new all-time high Wednesday as the stock gained ground for the sixth straight day, extending a huge post-election rally.\n<\/p>\n<p id=\"mntl-sc-block_5-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Wednesday\u2019s gains followed bullish commentary from Wall Street analysts, with Goldman Sachs saying that the EV maker\u2019s push into self-driving cars and robotics could benefit from the <a href=\"https:\/\/www.investopedia.com\/terms\/a\/artificial-intelligence-ai.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">artificial intelligence (AI)<\/a> boom, while Morgan Stanley analyst Adam Jonas named the company\u2019s stock as his \u201cTop Pick.\u201d\n<\/p>\n<p id=\"mntl-sc-block_7-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Tesla shares rose 5.9% to $424.77 on Wednesday, hitting a record high for the first time since November 2021. The stock has surged about 70% since election day last month on optimism that CEO <a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/061015\/how-elon-musk-became-elon-musk.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">Elon\u2019s Musk&#8217;s<\/a> close association with <a href=\"https:\/\/www.investopedia.com\/what-trump-presidency-could-mean-for-electric-vehicles-tesla-musk-8743910\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">President-elect Donald Trump<\/a> could benefit the automaker.\n<\/p>\n<p id=\"mntl-sc-block_9-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Below, we analyze the <a href=\"https:\/\/www.investopedia.com\/technical-analysis-4689657\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technicals<\/a> on Tesla\u2019s <a href=\"https:\/\/www.investopedia.com\/terms\/w\/weeklychart.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">weekly chart<\/a> and identify key price levels that investors may be watching out for as the stock moves into blue sky territory.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-ascending-tringle-breakout-accelerates\"\/><\/p>\n<h2 id=\"mntl-sc-block_11-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Ascending Tringle Breakout Accelerates <\/span> <\/h2>\n<p id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Since breaking out from an <a href=\"https:\/\/www.investopedia.com\/terms\/a\/ascendingtriangle.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">ascending triangle<\/a> early last month following the presidential election, Tesla shares have continued to trend sharply higher.\n<\/p>\n<p id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The <a href=\"https:\/\/www.investopedia.com\/terms\/r\/rsi.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">relative strength index (RSI)<\/a> confirms bullish price momentum with a reading above the 70 threshold, though the indicator also cautions of <a href=\"https:\/\/www.investopedia.com\/terms\/o\/overbought.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">overbought<\/a> conditions in the stock, increasing the chances for near-term profit taking.\n<\/p>\n<p id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Given the shares have moved into price discovery mode, let\u2019s turn to <a href=\"https:\/\/www.investopedia.com\/trading\/best-ways-learn-technical-analysis\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technical analysis<\/a> to forecast a potential bullish <a href=\"https:\/\/www.investopedia.com\/terms\/p\/pricetarget.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">price target<\/a>, but also point out key <a href=\"https:\/\/www.investopedia.com\/terms\/s\/support.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">support levels<\/a> to keep an eye on during possible pullbacks.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-bullish-price-target\"\/><\/p>\n<h2 id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Bullish Price Target <\/span> <\/h2>\n<p id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Investors can forecast a bullish price target by using the <a href=\"https:\/\/www.investopedia.com\/terms\/m\/measuring-principle.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">measuring principle<\/a>, also known by chart watchers as the measured move technique.\n<\/p>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> To apply the tool to Tesla\u2019s chart, we calculate the percentage change between the ascending triangle\u2019s lower and upper <a href=\"https:\/\/www.investopedia.com\/terms\/t\/trendline.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">trendlines<\/a> and add it to the pattern\u2019s top trendline value. For instance, we apply a 121% increase to $265, which projects a bullish target of $585.65, a region where investors may be satisfied to <a href=\"https:\/\/www.investopedia.com\/terms\/l\/lock_in_profits.asp#:~:text=off%20the%20table.-,Understanding%20Lock%20in%20Profits,divided%20equally%20among%20five%20funds.\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">lock in profits<\/a>.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-key-support-levels-to-monitor\"\/><\/p>\n<h2 id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Key Support Levels to Monitor <\/span> <\/h2>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> During <a href=\"https:\/\/www.investopedia.com\/terms\/r\/retracement.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">retracements<\/a>, investors should initially monitor the $380 level. This area, about 11% below Wednesday\u2019s closing price, may attract support near several <a href=\"https:\/\/www.investopedia.com\/trading\/peak-and-trough-analysis\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">peaks<\/a> that formed on the chart between November 2021 and April 2022.\n<\/p>\n<p id=\"mntl-sc-block_26-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Tesla <a href=\"https:\/\/www.investopedia.com\/terms\/b\/bull.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">bulls<\/a>\u2019 failure to defend this level could see the stock retreat to around $300. Investors may seek to scoop up shares in this location near the <a href=\"https:\/\/www.investopedia.com\/articles\/technical\/02\/061802.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">psychological round number<\/a> and a trendline that connects a series of highs over a 12-month period from July 2022 to July last year.\n<\/p>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our\u00a0<a href=\"https:\/\/www.investopedia.com\/legal-4768893#toc-warranty-and-liability-disclaimer\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">warranty and liability disclaimer<\/a>\u00a0for more info.<\/em>\n<\/p>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>As of the date this article was written, the author does not own any of the above securities.<\/em><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/watch-these-tesla-stock-price-levels-after-first-record-high-in-three-years-8760225\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Tesla shares soared to a new all-time high Wednesday as the stock gained ground for the sixth straight day, extending a huge post-election rally. Since breaking out from &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=136175\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-136175","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=136175"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136175\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}