Over a year's performance, the Tesla stock has been in the green, even reaching new heights of over $1,200 before dropping down to its current price of $840.23.
The real question, however, is whether or not the stock will go back to its original glory and hit that price once again.
What Was The Highest Price Of Tesla?
Tesla had an amazing September after reaching new heights of over $1,200. This is the first time that the company has ever broken that price point and an article by CNN in October even announcing that its market cap has finally hit $1 trillion.
Green Day For Multiple Companies
As of press time, however, the TSLA stock's market cap, as seen on Yahoo Finance, is currently just shy of over 900 Billion. The website also indicated that Tesla grew +4.78% at closing but dropped -0.17% after hours.
The green day for Tesla was also shared by other major companies like Amazon's AMZN with a +3.89% change, Apple's AAPL, with a +2.90% change, and Meta's FB with a +6.04%.
In addition, Netflix's NFLX also gained +4.01% with Google gaining +3.11%.
TSLA Stock Chart MACD and RSI Indicators
According to TSLA stock's chart on TradingView, the market's MACD shows that the moving average for the stock is still below its median over a period of time that started in August 2021 to March of this year.
Although it is below its median, however, it should be noted that its MACD shows a closeness between its -26.75 and -29.28.
When it comes to the stock's RSI, however, the indicator shows that the TSLA stock is close to the middle of being either overbought or oversold. Due to the stock neither being overbought or oversold, when following the indicator's principles as detailed in Investopedia, it would neither be a strong indicator to buy or sell (or to go short or long).
Please take note that the data presented above is viable for the time the analysis was made and the data changes from time to time.
What Do Analysts Say About the Price of Tesla?
With the charts not giving a clear indicator as to where the direction of TSLA stock will go next, according to CNN Money, however, 37 analysts are saying that in 12 months, the stock of Tesla could reach a median of "1,049, with a high estimate of 1,580, and a low estimate of 67."
The breakdown of different analysts as to whether to buy or sell indicate that 18 of them are suggesting that it is a good time to buy. Another seven analysts say that it is the time to sell.
As a median, 11 analysts are reportedly saying that owners of TSLA stock should just hold.
Related Article: Rivian Faces Lawsuit from Shareholder After Jacking Up Prices for Electric Pickup and SUV: Company CEO Apologized
This article is owned by Tech Times
Written by Urian B.
