TradingView Idea for Tesla (TSLA)

17 dic 2024

Technical Analysis Summary:
Current Signal: Hold
Oscillators: Bearish sentiment with Stochastic RSI and Commodity Channel Index suggesting sell signals.
Moving Averages: Predominantly bullish, indicating upward momentum.
Pattern: Channel up pattern suggests potential bearish movement towards support levels around $449.84.
Bollinger Bands: Indicate overbought conditions, suggesting a possible price correction.
Overall: Mixed signals with a slight bias towards caution due to bearish oscillators and emerging channel pattern.
News Sentiment:
Positive Sentiment: Predominantly positive news sentiment with 19 positive articles versus 5 negative ones, potentially driving investor confidence.
Fundamental Analysis:
Strong Metrics: High return on equity (ROE) of 19.35% and a solid current ratio of 1.84.
Valuation Concerns: High P/E ratio of 65.59 suggests potential overvaluation.
Analyst Recommendations:
Positive Outlook: 28 out of 60 analysts recommend buy or strong buy, indicating potential for growth.
Options Strategy Recommendations for Tesla (TSLA)
1. Bull Put Spread trade_id: g-645301
Signal: Bullish
Underlying Price: $471.77
Strategy Premium: $0.24
Max Gain: $24.00
Max Loss: $476.00
Breakeven: $392.26
Probability of Profit: 94.97%
Leg 1:
Action: Sell
Strike Price: $392.50
Expiration Date: 27-Dec-2024
Implied Volatility: 69.93%
Leg 2:
Action: Buy
Strike Price: $387.50
Expiration Date: 27-Dec-2024
Implied Volatility: 71.70%
2. Long Call trade_id: g-657308
Signal: Bullish
Underlying Price: $471.77
Strike Price: $395.00
Expiry Date: 20-Dec-2024
Premium: $68.92
Stop Loss: $62.03
Take Profit: $75.81
Probability of Profit: 59.39%
Implied Volatility: 92.64%
Max Loss: $6,892.50
Breakeven Price: $463.93
These strategies align with the current technical analysis and market sentiment, providing a balanced approach to trading Tesla options.


If at New York open this is under a Bearish FVG then wait to retest the most recent one to Short