Tesla Stock Price Analysis | Top $TSLA Levels To Watch for June 30th, 2025

Summary

In this daily market update for Tesla, Carrie Artech from Wicked Stocks analyzes key price levels and market trends for June 30, 2025. The report highlights important resistance and support levels, with a focus on 354.78 and 307.54. A close above or below these levels could determine the market's direction, potentially leading to short-term rallies or a longer-term sell-off. Actionable trading strategies are provided, including short positions and the use of options, for both short- and long-term traders looking to navigate the fluctuating market.

Takeaways

• 😀 The Tesla market is currently experiencing a wedge pattern between 30754 and 35478, and its future direction will depend on which side the market closes on.
• 😀 A close above 354.78 would signal a potential upward movement in the market, possibly reaching the 400.80 level within 2 to 3 weeks.
• 😀 The key resistance zone for Tesla is in the low to mid 350s, and the market has struggled to maintain a close above this level in recent months.
• 😀 A close below 30754 would indicate a bearish trend, with the potential for a retest of the 27287 level within 1 to 2 weeks.
• 😀 Short-term traders can expect a 1 to 2 week objective if the market closes below 30754, with targets at 27287 and potentially down to 22186 over 3 to 5 weeks.
• 😀 The downside Fibonacci level of 27287 forms a key support level, with potential for a bounce when tested, but a sustained break below this level could signal further downside.
• 😀 The current market behavior is viewed as a short-term sell signal below 33667, with a target at 30754 for the week.
• 😀 If Tesla closes below the 30754 support level, traders should prepare for a further decline, potentially down to the 160s over the next 2 to 3 months.
• 😀 For traders seeking to capitalize on this, out-of-the-money puts with expiration dates 2 to 3 months out are a viable strategy for the projected downward move.
• 😀 On the upside, a close above 33667 would allow Tesla to retest the low to mid 350s, with the potential for a further rally if it closes above 35478, targeting 400.80 in the next 2 to 3 weeks.

Q & A

What is the key resistance level for Tesla stock in the analysis?

The key resistance level for Tesla stock is at $354.78, which has been tested multiple times but has yet to be broken.

What is the significant support level mentioned in the analysis?

The significant support level mentioned is at $307.54, and this level is critical for determining the market direction in the coming weeks.

What happens if Tesla's stock price closes above $354.78?

If Tesla's stock closes above $354.78, it is expected to lead to a meaningful upward continuation, with a target price around $400.80 within 2 to 3 weeks.

What does a close below $307.54 indicate for Tesla's stock?

A close below $307.54 is seen as a longer-term bearish signal, potentially leading to a retest of the $272.87 and $221.86 levels over the course of 3 to 5 weeks.

What is the immediate target if Tesla opens below $323.59?

If Tesla opens below $323.59, the immediate target is $307.54, with the potential for further downside if this level is breached.

How does the market behave between the $307.54 and $354.78 levels?

The market is currently caught in a wedge between $307.54 and $354.78, with price fluctuations between these levels determining future directional movements.

What is the longer-term outlook if Tesla's price closes below $307.54?

If Tesla's price closes below $307.54, the outlook is bearish, with a potential for a significant drop toward the lower $160s within 2 to 3 months.

How do the Fibonacci levels play into the analysis of Tesla's stock?

The Fibonacci levels, particularly the downside Fibonacci at $272.87 from the April low against the May high, are significant for setting support ranges and potential bounce areas.

What are the potential trade setups if Tesla closes below $307.54?

If Tesla closes below $307.54, a short trade setup is recommended, with potential targets at $272.87 (1-2 weeks), $221.86 (3-5 weeks), and further down to the $160s over 2-3 months.

What is the significance of the $336.67 level in the analysis?

The $336.67 level is important because if Tesla closes above it, the market could retest the low to mid $350s. A close above $354.78 would set a bullish target of $400.80 within 2 to 3 weeks.