Tesla, Inc. (NASDAQ: TSLA) stock is expected to continue its upward trend tomorrow, but the momentum appears to be weakening, according to AI-powered predictions. The electric vehicle giant’s share price is currently trading above a crucial support level of $222.7, and as long as it remains above this level, the uptrend may persist.
Main Points
Tesla Stock Price Targets for Tomorrow
According to the AI predictions, Tesla’s stock price targets for tomorrow are as follows:
| Target | Price |
|---|---|
| 1 | $220.33 |
| 2 | $223.55 |
| 3 | $226.76 |
| 4 | $229.98 |
| 5 | $233.19 |
The AI Munafa prediction value, which indicates the stock’s momentum, is currently at 65 as of Monday, September 16, 2024, suggesting that the stock is moving sideways with no definite momentum.
Tesla Stock Forecast for the Week and Month
CoinCodex’s Tesla stock forecast predicts that the share price will rise by 11% and reach $264.30 by September 27, 2024, a week from now. The current sentiment is bullish, with the stock trading 9.91% below the forecast, potentially indicating an undervalued position.
Vodafone Idea Share Price Surges 3.72% Today: What to Expect Tomorrow
Tesla Stock Technical Analysis
Tesla’s stock is currently trading above its 50-day and 200-day simple moving averages (SMA) of $222.01 and $202.28, respectively, indicating a bullish trend. The 14-day Relative Strength Index (RSI) stands at 33.90, suggesting that the stock is currently in the “oversold” territory.
Tesla Stock Valuation and Fundamentals
Tesla’s market capitalization currently stands at $733.43 billion, with a trailing twelve-month (TTM) earnings per share (EPS) of $2.34, representing a 41.50% year-over-year decline. The stock’s TTM price-to-earnings (P/E) ratio is 98.41, which is considered high.
Tesla Stock News and Events
Tesla recently made a significant move, which often happens when there is a positive sentiment change or a block deal. There is a good chance that this trend might continue in the coming days.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
