$TSLA Rebounds 3% Toward $452 Resistance
$Tesla Motors(TSLA)$
TSLA Rebounds +3.10%: Momentum Builds as Stock Tests Key $452 Resistance
Latest Close Data:
Tesla closed at $451.67 on Jan 6, up +3.10% from the previous session. It now sits 9.5% below its 52-week high of $498.83.
Core Market Drivers:
The recent rebound is largely technical, following a period of consolidation.
Macro sentiment around EVs remains mixed, with the stock showing resilience despite broader sector concerns and fluctuating capital flows.
Technical Analysis:
Volume was solid at 67.9M shares (Volume Ratio: 1.07).
The MACD histogram remains negative at -9.69, indicating bearish momentum, but the RSI (6) has bounced sharply from oversold levels (23.29) to 41.66, suggesting a potential short-term recovery is underway.
Key Price Levels:
Primary Support: $446.77 (Recent swing low).
Strong Resistance: $451.77 / $457.55 (Immediate ceiling & today's high).
Immediate Pivot: $451.67 (Today's close). A confirmed break above $452 is critical for further upside.
Valuation Perspective:
Forward P/E stands at 210.55, significantly above its historical average of 119.29 and the automotive/tech sector average, indicating a high-growth premium is still priced in.
Analyst Targets:
Among 42 analysts, the average price target is $383.62. Sentiment is mixed with 5 Strong Buy, 16 Buy, 20 Hold, 9 Underperform, and 2 Sell ratings.
Weekly Outlook:
Expect consolidation between $447 and $458. A decisive close above $458 could target the $470-$480 zone. Failure to hold $447 may see a retest of support near $435.
Risk Disclaimer:
This analysis is for informational purposes only and not financial advice. Trading involves risk, including the potential loss of principal. Past performance is not indicative of future results.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
