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Tesla Stock Has Tumbled From December Highs. What the Charts Say Happens Next

Tesla stock has had a difficult couple of weeks after its epic run, making it a good time to check in with some technical stock market analysts to help figure out what comes next.Coming into Friday tr

Tesla Stock Has Tumbled From December Highs. What the Charts Say Happens Next

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What the Charts Say Happens Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2502556948","media":"Dow Jones","summary":"Tesla stock has had a difficult couple of weeks after its epic run, making it a good time to check in with some technical stock market analysts to help figure out what comes next.Coming into Friday tr","content":"<html><head></head><body><p>Tesla stock has had a difficult couple of weeks after its epic run, making it a good time to check in with some technical stock market analysts to help figure out what comes next.</p><p style=\"text-align: start;\">Coming into Friday trading, shares of the electric vehicle maker were up about 57% since the Nov. 5 U.S. presidential election, up about 65% since the Oct. 10 Robotaxi event, and up about 64% over the past 12 months. All impressive. Still, shares were down about 18% from the Dec. 17 record closing high of $479.86. The S&amp;P 500 is down about 2% since Dec. 17.</p><p>“Tesla is in pullback mode following its big breakout,” wrote Fairlead Strategies founder and market technician Katie Stockton. “It’ll likely take a few weeks for the intermediate-term indicators to look better. Support is initially $350…secondary support is at the breakout point near $300 (I.e., former resistance).”</p><p>Stockton isn’t making a fundamental call on Tesla shares. Market technicians use stock market data to get a sense of what investors are thinking and where any stock can go over the short and medium term. In the long run, earnings—and earnings expectations—determine what stocks are ultimately worth.</p><p>Support is a level where investors have bought shares in the past. Resistance is the opposite—a level where there has been some profit-taking.</p><p>For now “it’s all about respecting support…given the preceding parabolic move,” said CappThesis founder and market technician Frank Cappelleri. He sees support a little above $350, similar to Stockton. “While the stock doesn’t need to drop that much from here, if it does fall to that cluster of support, it would be an enticing spot for prospective dip buyers.”</p><p style=\"text-align: start;\">Upside remains between $480 to $500, according to ChartSmarter founder and market technician Douglas Busch. “That’s the play.” He’s looking for Tesla shares to hit his target in the first half of 2025.</p><p style=\"text-align: start;\">There is, of course, no guarantee things go exactly as market technicians project. But their expertise can tell investors a lot about what traders are thinking—add between $350 and $360 and lighten up around $480.</p><p style=\"text-align: start;\">That appears to be the new Tesla trading range for the next few months. It’s useful knowledge for anyone in the stock market.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Has Tumbled From December Highs. What the Charts Say Happens Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Has Tumbled From December Highs. What the Charts Say Happens Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-10 23:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla stock has had a difficult couple of weeks after its epic run, making it a good time to check in with some technical stock market analysts to help figure out what comes next.</p><p style=\"text-align: start;\">Coming into Friday trading, shares of the electric vehicle maker were up about 57% since the Nov. 5 U.S. presidential election, up about 65% since the Oct. 10 Robotaxi event, and up about 64% over the past 12 months. All impressive. Still, shares were down about 18% from the Dec. 17 record closing high of $479.86. The S&amp;P 500 is down about 2% since Dec. 17.</p><p>“Tesla is in pullback mode following its big breakout,” wrote Fairlead Strategies founder and market technician Katie Stockton. “It’ll likely take a few weeks for the intermediate-term indicators to look better. Support is initially $350…secondary support is at the breakout point near $300 (I.e., former resistance).”</p><p>Stockton isn’t making a fundamental call on Tesla shares. Market technicians use stock market data to get a sense of what investors are thinking and where any stock can go over the short and medium term. In the long run, earnings—and earnings expectations—determine what stocks are ultimately worth.</p><p>Support is a level where investors have bought shares in the past. Resistance is the opposite—a level where there has been some profit-taking.</p><p>For now “it’s all about respecting support…given the preceding parabolic move,” said CappThesis founder and market technician Frank Cappelleri. He sees support a little above $350, similar to Stockton. “While the stock doesn’t need to drop that much from here, if it does fall to that cluster of support, it would be an enticing spot for prospective dip buyers.”</p><p style=\"text-align: start;\">Upside remains between $480 to $500, according to ChartSmarter founder and market technician Douglas Busch. “That’s the play.” He’s looking for Tesla shares to hit his target in the first half of 2025.</p><p style=\"text-align: start;\">There is, of course, no guarantee things go exactly as market technicians project. But their expertise can tell investors a lot about what traders are thinking—add between $350 and $360 and lighten up around $480.</p><p style=\"text-align: start;\">That appears to be the new Tesla trading range for the next few months. It’s useful knowledge for anyone in the stock market.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","BK4543":"AI","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","BK4588":"碎股","BK4550":"红杉资本持仓","TSLA":"特斯拉","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4099":"汽车制造商","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4598":"佩洛西持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4516":"特朗普概念","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4585":"ETF&股票定投概念","LU2063271972.USD":"富兰克林创新领域基金","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4555":"新能源车","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2502556948","content_text":"Tesla stock has had a difficult couple of weeks after its epic run, making it a good time to check in with some technical stock market analysts to help figure out what comes next.Coming into Friday trading, shares of the electric vehicle maker were up about 57% since the Nov. 5 U.S. presidential election, up about 65% since the Oct. 10 Robotaxi event, and up about 64% over the past 12 months. All impressive. Still, shares were down about 18% from the Dec. 17 record closing high of $479.86. The S&P 500 is down about 2% since Dec. 17.“Tesla is in pullback mode following its big breakout,” wrote Fairlead Strategies founder and market technician Katie Stockton. “It’ll likely take a few weeks for the intermediate-term indicators to look better. Support is initially $350…secondary support is at the breakout point near $300 (I.e., former resistance).”Stockton isn’t making a fundamental call on Tesla shares. Market technicians use stock market data to get a sense of what investors are thinking and where any stock can go over the short and medium term. In the long run, earnings—and earnings expectations—determine what stocks are ultimately worth.Support is a level where investors have bought shares in the past. Resistance is the opposite—a level where there has been some profit-taking.For now “it’s all about respecting support…given the preceding parabolic move,” said CappThesis founder and market technician Frank Cappelleri. He sees support a little above $350, similar to Stockton. “While the stock doesn’t need to drop that much from here, if it does fall to that cluster of support, it would be an enticing spot for prospective dip buyers.”Upside remains between $480 to $500, according to ChartSmarter founder and market technician Douglas Busch. “That’s the play.” He’s looking for Tesla shares to hit his target in the first half of 2025.There is, of course, no guarantee things go exactly as market technicians project. But their expertise can tell investors a lot about what traders are thinking—add between $350 and $360 and lighten up around $480.That appears to be the new Tesla trading range for the next few months. It’s useful knowledge for anyone in the stock market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":302,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}