Tesla Stock Price Analysis | Top $TSLA Levels To Watch for June 23rd, 2025

Summary

In this daily Tesla report for June 23rd, 2025, Carrie Artekch from Wicked Stocks breaks down Tesla's recent price movements and forecasts potential future trends. She discusses key support and resistance levels, including the low 350s, the 29872 base of support, and the low 500s as a long-term target. Carrie analyzes intraday trading levels, the impact of recent market developments, and the potential for a significant sell-off if key support levels break. She also highlights the importance of specific price zones and offers insights on potential long-term buy or sell signals.

Takeaways

• 😀 Tesla is facing key resistance at the low 350s, which must be broken for a long-term buy signal to trigger.
• 😀 If Tesla closes above 35423 in the coming weeks, the target range could rise to 51658 within 3-5 months.
• 😀 The 29872 level is a significant base of support for Tesla, which could contain selling pressures through July.
• 😀 The market has recently been volatile, with the Trump-Musk feud contributing to a major sell-off.
• 😀 Tesla is likely to trade within the 29872 to 35139 range over the next few weeks, with one of these levels expected to give way by late July.
• 😀 A break above 33161 could trigger a rally toward 35139 to 35323, potentially testing the 2-year channel top and 50% retracement.
• 😀 If Tesla holds below 33161, the price could retreat to 29872 by next week, and potentially see further downside.
• 😀 31068 is an important intraday support level, particularly for day traders, to watch for possible price action.
• 😀 A close below 29872 could signal a long-term sell-off, with a possible decline to the low 220s and even into the 160s.
• 😀 Despite the potential downside, Tesla remains a viable company long-term as long as it holds above key support structures, particularly the 159.95 mark.

Q & A

What is the key level that Tesla needs to close above for a long-term buy signal?

Tesla needs to close above the 350s, specifically around 35423, in the coming weeks to trigger a long-term buy signal. This would set a target of 51658 in the months to follow.

What happened when Tesla briefly exceeded the 350s resistance level?

Tesla briefly exceeded the 350s resistance level a few weeks ago but was unable to maintain the position. The price fell back below that level, and the market sold off sharply after a social media feud between Trump and Musk.

What is the significance of the 29872 support level for Tesla?

The 29872 level is a critical support zone for Tesla. It has been tested multiple times, and if it holds, it is expected to contain selling pressures, potentially into July. It serves as a base for a potential rebound.

What price range does the analyst expect Tesla to trade within over the next few weeks?

The analyst expects Tesla to trade within the 29872 to 35139 range over the next few weeks. These levels converge by late July, and one of them will likely give way during that time.

What is the significance of the 33161 Fibonacci level?

The 33161 Fibonacci level is an important resistance level for Tesla. If the price closes above this level, the stock could retest higher levels, such as the 35139 and 35323 zones, which represent the rising 2-year channel top and a 50% retracement from the December high to the April low.

What happens if Tesla closes below the 29872 support level?

If Tesla closes below the 29872 level, it would trigger a sell signal. The stock could potentially drop to the next key support at 27287, with a longer-term downside target in the 160s. The 29872 level is crucial in determining whether a short-term rebound or a deeper sell-off will occur.

What is the analyst's outlook for Tesla in the event of a close below 27287?

If Tesla closes below 27287, the analyst expects the price to drop further, possibly to the low 220s or even into the 160s over the next 3 to 5 weeks. The 27287 level is seen as the final threshold before a longer-term bearish outlook.

What is the role of the rising channel structure in the analysis?

The rising channel structure at 29872 is considered a key support base. If Tesla closes below this channel, it would signal a significant bearish move. The structure acts as a boundary between a potential sell-off and the possibility of a rebound.

How does the analyst view the long-term prospects for Tesla if it holds above the 159.95 level?

The analyst believes that as long as Tesla holds above the 159.95 level, it remains a viable automobile manufacturer in the U.S. If this level is broken, however, the outlook could become very negative, particularly moving into 2026 and beyond.

What kind of trading opportunities does the analyst suggest for day traders?

For day traders, the 31068 level is highlighted as an important intraday support. If Tesla holds below 33161, the 31068 level could serve as a key short-term trading point, with the potential for further declines towards the 29872 support.