2023/01/11 (146.009) Technical Analysis

More Than 66 Percent Minus For The TESLA Share Last Year 2022,
Nevertheless We Remain Long Until The Quaterly Report End Of This Month

“I Wouldn’t Even Trust This Man With My House Cat.”,
Wrote Nobel Prize Winner Professor Paul Krugman Recently On Page 1 Of The New York Times!

I will not be able to offer you a better speculative technical analysis 4XSetUp trading capability, my dear, loyal readers. And feel free to take my word for it, just like Nobel Prize winner Professor Paul Krugman. Because within the last year 2022, the share lost 66 percent of its value. Around 240 billion US dollars of market value were destroyed. For better or worse, it is more or less currently a chain of negative findings that causes the market, i.e. the majority of financial market participants, to trade Tesla shares as cheaply as they have since August 2020: Because compared to the other car manufacturers around the Flovus, Tesla has lost its innovation leadership, so that the technological advance in batteries is now a thing of the past. And thus also the monopoly for setting the price of its electric models. This is also confirmed by the collapsed sales figures in China. So under all this twittering, the Twitter deal is also having a negative impact on Tesla. That`s why long story short on point, on the news front, there is nothing fundamentally good to report about Tesla stock. So that we should understand this technical analysis 4XsetUp Trading Capability as an highly speculative anti-cyclical. Because of the news that has just been summarized, let alone the high fundamental valuations, the Tesla share, even around USD 100, is and will not be a buy compared to the other car manufacturers.

Technical Analysis From UBS Today

After falling 65% in the past year, Tesla stock has had a volatile start to 2023 so far, according to UBS’s KeyInvest DailyTrader publication.
In retrospect, it says: “On the first trading day of the year, the shares slipped by 12.2% and fell back to their lowest level since August 2020. On Friday, this low was even undercut again, before the prices just before the round 100s At the start of the week, the stock soared (+5.9%), but on Tuesday (-0.8%) it fell back a bit.” And in the outlook: “After the historically weak December (-36.7%), the Tesla share moved sideways.” The authors see the long scenario as follows: “On the upside, Monday’s top at USD 123.52 and the high of December 30 at USD 124.48 would now represent the first resistance. The prices would have been above that – over the 130s Across the mark – room for a recovery to the volume peak between USD 137.50/142.50 A break there would then have to close the downside gap
from December 20th between USD 148.47 and USD 149.87 Above 150 $.00 would put the braking area around $165.00 in focus where multiple chart technical resistances would provide a key barrier.” And the short scenario as follows: “With yesterday’s daily low of USD 114.92, Monday’s gap has not yet been fully closed. If the gap closes at USD 113.06, the historical low of January 3rd could then USD 104.64 and/or the current 2023 low at USD 101.81 should be put to the test, including a pullback to around the 100 mark before further declines towards the 2020 August low at 90, 99 USD would have to be expected.”

Analysts Currently Rate Tesla Shares As “Hold”.

This rating is made up of 17 “buy”, 7 “hold” and 4 “sell” ratings that were submitted in the last twelve months.
In more recent reports, however, analysts come to a different conclusion – the average rating for the Tesla stock over the past month is “Buy” (10 Buy, 1 Hold, 1 Sell). Based on analysts’ average price forecast ($332.65), the stock has an upside potential of 194.23 percent (from the last close, $113.06), which translates to a “buy” rating. Overall, Tesla receives a “Buy” rating for this section of the analysis.

Basically, at the beginning of 2023, and already in the middle/end of December of the past year 2022, I noticed that investor sentiment at Tesla in the discussion forums and opinion columns on social media is now rather neutral overall. As before, absolutely bearish. This was evident to me in the statements and opinions of the past two weeks on the numerous websites that I, like you, read, analyze and evaluate every day in order to gain another influencing factor for the share. It turned out that the negative topics at Tesla accumulated, intensified, intensified and intensified so much that in the discussions in which Tesla was the focus, the share was imaginarily traded at USD 1. In fact, however, it turned at USD 101. And that is exactly what this highly speculative anti-cyclical technical analysis 4XSetUp is aiming for. So that a “buy signal” sentiment can also be derived from this – admittedly highly speculative anti-cyclical.
Because, in my opinion, the sentiment of financial market participants about Tesla feels at a historically low level!
Or?Tesla Share Still In A Downward Trend: Long-Term, Medium-Term And/Or Short-Term
Are Investors And/Or Traders Losing Interest In Buying The Stock Again Around USD 100?

The share of the electric car manufacturer is around 50 percent in the half-year minus. It is in a downtrend with a series of lower highs and lower lows. If the red price action area of USD 91 is broken, another sell-off towards the southeast is imminent. Which is why I put a stop at the 91 USD price mark for this highly speculative anti-cyclical technical analysis 4XSetUp. Because although I expect better than expected numbers at the end of January 2023, in the case of Tesla, it is not a done deal that the stock will turn. And not at the level of August 2020 – when the company made half as much sales and posted even fewer profits.

It all depends on the risk appetite of the market – on the willingness to take risks of the financial market participants, i.e. traders and investors who want to trade this share. And where the majority of the masses want to see you in the future. The company reported a profit for the first time in fiscal 2021 and is expected to report an increase for the full year 2022 when it releases its fourth-quarter results on Jan. 25. The constant sell-off of the share is certainly related to the fact that Elon Musk sold Tesla shares for the acquisition of Twitter – most recently 22 million shares worth 3.6 billion USD! While Musk still owns nearly 15 percent of the shares, this may have been a signal to the fan community that he might lose interest and pursue his other ways of playing. Therefore no long positions in the Tesla stock without a stop; because the stock is fundamentally overvalued and is still above average in comparison to the car-industry!

A consolidation above USD 100 is the preliminary goal until the quarterly figures for the 4th quarter of 2022, and or even annual figures for 2022. So that we, with our long 4XSetUp Tradinmg Capability, at least have something like a technical bottom around 100 USD; with a stop at 91 USD. So that the TSLA share, at least for the 1st quarter of 2023, does not fall further and lower – just out of the red price zone – further and further, even lower and lower…