Tesla Stock Price Analysis | Top $TSLA Levels To Watch for May 16th, 2025

Summary

In this Tesla stock analysis for Friday, May 16, 2025, Carrie Artac of Wicked Stocks discusses key technical levels for Tesla’s price action. She highlights a crucial resistance zone between $350.97 and $351.39, alongside potential support at $282.41. Artac anticipates short-term bearish movement if Tesla closes below $337, with possible targets down to $319.02 and $282.41 in the coming weeks. Conversely, a strong close above $361.78 could signal a long-term bullish trend toward $513.36. She also mentions stock picks in EQT and Wing Stop, and invites viewers to join Wicked Stocks for more insights and analysis.

Takeaways

• 😀 Tesla's current resistance zone is between 350.97 and 351.39, a key level based on retracement from December highs and the rising channel top.
• 😀 A bullish scenario is possible if Tesla closes above the critical resistance of 361.78, with a potential target of 513.36 by the end of the year.
• 😀 The next support level for Tesla is 337.00, which, if broken, could lead to a decline towards 319.02 on a daily basis.
• 😀 A close below 319.02 would lead to a further drop towards 282.41, with a possible bottoming out in June before a potential rebound.
• 😀 Over the next 2-3 weeks, Tesla is likely to target 282.41, which represents a significant support level for swing traders.
• 😀 A potential bearish rotation is expected if Tesla closes below 337.00, suggesting a short-term downtrend towards 319.02 and 282.41.
• 😀 A break and close above 361.78 would signal a long-term buy signal for Tesla, possibly driving the stock to the 5-year channel top at 513.36.
• 😀 The 282.41 level is a key support zone for short-term traders and could be a critical point for bottoming out if the stock remains in a bearish phase.
• 😀 If Tesla closes below 282.41, a deeper decline towards 157.68-163.78 is expected over the next 1-2 months.
• 😀 Wicked Stocks offers stock picks like EQT and Wing Stop, with a target of 20% price movement, along with daily QQQ, SPY, and weekly Apple stock analysis.

Q & A

What is the significance of the 350.97 to 351.39 resistance area for Tesla?

The 350.97 to 351.39 resistance area is a critical level for Tesla, as it represents a 50% upside retracement from the December high to the recent April low. It also aligns with the rising channel top established in November. This area is pivotal for determining whether Tesla will continue to rise or face a correction.

What would indicate a bullish continuation for Tesla's stock?

A bullish continuation for Tesla would be indicated if the stock closes above the 361.78 descending 2/3 speed line. If this happens, there is a potential for the stock to rise towards the 513.36 level by the end of the year.

What is the expected movement if Tesla closes below the 337.00 level?

If Tesla closes below 337.00, it would suggest a bearish rotation, with the stock likely to test the 319.02 level first. If this break occurs, further downside is expected, with a potential target of 282.41 in the next 2 to 3 weeks.

What is the target range if Tesla closes below 282.41?

If Tesla closes below 282.41, the next support area to watch is between 157.68 and 163.78. This is seen as a 5-year channel support level, and this breakdown is expected within 1 to 2 months.

How does the 319.02 level affect Tesla's short-term price movement?

The 319.02 level is a 38% upside Fibonacci level. While it didn't see much hesitation in the past, it remains important as it can absorb daily selling pressures. A break below this could lead to further downside movement.

What is the significance of the 282.41 level in Tesla's price action?

The 282.41 level is a significant support level, particularly for swing traders looking at a 2 to 3-week horizon. A breakdown below this level would signal further bearish movement, potentially leading to a test of much lower support levels.

What is the potential upside for Tesla if the stock breaks above the 361.78 resistance?

If Tesla breaks above the 361.78 resistance, the stock could potentially rise to 383.76 in the short term, as this level represents a 5/8 upside Fibonacci level. Longer-term, a breakout above this level could target 513.36 by year-end.

What timeframe is expected for Tesla to reach the 282.41 support if bearish conditions persist?

If Tesla's stock continues to experience bearish conditions, the 282.41 support is expected to be tested within the next 2 to 3 weeks.

What specific levels do day traders and short-term traders focus on for Tesla's movements?

Day traders and short-term traders should focus on the 337.00 level as a key pivot point. A close below this level may lead to a test of 319.02. Additionally, 282.41 is a solid target for traders over a 2 to 3-week timeframe.

What stock picks are recommended by Wicked Stocks this week?

This week, Wicked Stocks recommends EQT and Wing Stop as their stock picks, both of which are expected to show active trades with the potential for a 20% move.