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

Summary

In this daily Tesla stock report for Friday, May 23rd, 2025, Carrie Artech provides a technical analysis of Tesla's price movement. Key resistance levels are identified in the low 350s, with potential for a significant upside if the price breaks above 3551. A detailed price projection is offered, predicting possible gains to 383.76 within a week and 427.01 by June. The report emphasizes a strategy of staying short unless the price breaks above the key resistance, with the potential for further movement through the second half of the year. Additionally, the report includes stock picks like Chewy and analysis on other stocks like Rubric and GitLab.

Takeaways

• 😀 Tesla is testing an important resistance zone around the 350s to 3551 level, with significant implications for future price action.
• 😀 A 50% upside retracement from the December high to the April low stands at 35139, an important support and resistance level.
• 😀 The 35139 to 3551 zone is a critical range to watch for a potential breakout or reversal, with 3551 being a key descending speed line.
• 😀 A potential buy signal could occur if Tesla closes above the 3551 speed line, which could lead to a short-term upside target of 38376 by the end of next week.
• 😀 Over the next 3 to 5 weeks, a close above 3551 could drive the price towards 42701, which represents the low of the all-time high in December.
• 😀 The 51390 level, identified as the 5-year channel top, is a long-term target if Tesla closes above 3551 and continues its rally into later 2025.
• 😀 If Tesla closes below 33462, it would pivot the market downward, leading to a possible 3- to 5-day sell-off toward 29810.
• 😀 A bounce off the 29810 level could stabilize the market, but a breakdown below 29810 could push Tesla closer to 26517 over the next 3 to 5 weeks.
• 😀 The 26517 level is a critical support zone; a drop below it would indicate further downside risk, with long-term support between 15813 and 16424.
• 😀 The market framework for June suggests a two-sided approach, focusing on short opportunities in the 350s unless Tesla breaks above 3551, which would signal a potential rally.

Q & A

What key resistance level is currently being tested for Tesla stock?

The key resistance level being tested is around the 3551 area, which is a descending speed line that has acted as a significant trend-defining point.

What happens if Tesla stock closes above the 3551 resistance level?

If Tesla stock closes above the 3551 resistance level, it would signal a meaningful buy signal, with a potential price target of 38376 within the next 3 to 5 days and 42701 in the next 3 to 5 weeks.

What is the importance of the 35139 price level in the analysis?

The 35139 price level is significant as it represents a 50% upside retracement from the December high to the April low, making it an important support and resistance area.

What price level is considered a downside target in the short term?

A downside target in the short term is 29810, with potential for further weakness if the stock fails to maintain its support levels.

What was the outcome of Tesla's price movement on Wednesday and Thursday before the report?

On Wednesday, Tesla briefly closed below the channel bottom, but by Thursday, it had surged back above it, signaling pent-up buying pressure and indicating a potential reversal to the upside.

What does a close below 33462 indicate for Tesla stock's future movement?

A close below 33462 is considered a bearish signal, suggesting the stock could pivot lower, leading to a potential downside move toward the 29810 and 26517 price levels.

What are the long-term price targets for Tesla stock if it remains bullish?

If Tesla remains bullish, the long-term target is 51390, which represents the upper channel limit, and it is expected to reach this level by the end of the year or sooner.

What role does the 26517 price level play in the analysis?

The 26517 price level serves as a key support area in the downside scenario, with the potential to act as a bottom for Tesla's stock over the next 3 to 5 weeks if the price continues to fall.

What is the significance of the 42701 price level in the mid-term outlook for Tesla?

42701 is seen as a key price target within the next 3 to 5 weeks, representing an important resistance point that could act as a high on the way up to higher levels.

What is the strategy if Tesla closes below the 29810 level?

If Tesla closes below 29810, it would likely trigger further downside movement toward 26517, with a potential to bottom out around that level, possibly leading to a recovery later in the year.