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

Summary

In this detailed Tesla stock report for June 16th, 2025, Carrie Rtech from Wicked Stocks provides an in-depth technical analysis, highlighting key support and resistance levels. The report discusses potential market movements, including a potential long-term buy signal if the stock breaks above $35,369. Key Fibonacci levels are discussed, with short-term price targets of $291.65, $272.87, and lower, depending on market behavior. Options strategies are also provided, with both short-term and long-term trade recommendations. Carrie wraps up by inviting viewers to explore premium services for further insights and analysis.

Takeaways

• 😀 The Tesla report is for Monday, June 16th, 2025, focusing on key technical levels and predictions for the stock's performance.
• 📊 A weekly bar chart from the last 5 years shows that Tesla recently topped out at 35369, which is a critical technical resistance level.
• 🔴 The 29165 level is identified as the key near-to-mid-term support for Tesla, with potential for a rebound into the low 350s if it holds.
• ⚠️ If Tesla fails to close above 35369 on a weekly basis, it may not trigger a long-term buy signal, leading to further declines.
• 🔼 A breakout above 33161 could result in a 1 to 3-day rally, with potential for a retest of 35139 to 35369.
• ⏳ If Tesla remains below 33161, the 29165 level remains in reach, with the possibility of retesting this support in the next week or two.
• 🔻 A Fibonacci level of 30931 could contain intraday selling pressure, but a close below it would indicate a downward move towards 29165.
• 📉 If the stock closes below 29165, it signals a 'go short' recommendation, with further downside targets potentially reaching 27287.
• 💥 Closing below 29165 could set up a short-term target of 221.86 within 2 to 3 weeks and a longer-term target of 159.95 to 166.05 within 2 to 3 months.
• 📈 For options traders, a close below 29165 could suggest buying puts with strike prices ranging from 160 to 220, depending on the timeline for the downside play.

Q & A

What is the significance of the price level 35369 in Tesla's stock analysis?

35369 is a key resistance level for Tesla. If the stock closes above this level, it triggers a long-term buy signal, potentially leading to a price target of 51600-52000 by the end of the year.

What is the importance of the support level 29165?

29165 is a crucial support level. If Tesla falls below this level, it could indicate a bearish trend, with the stock possibly testing lower levels like 27287. It's important to watch for a close below this support for a potential sell-off.

How does the Fibonacci retracement play a role in Tesla's stock price analysis?

Fibonacci retracements are used to identify key price levels. For instance, the 5/8 Fibonacci level at 33161 has been a resistance, containing buying pressure. If Tesla surpasses this level, the stock may move towards the next resistance zone at 35139-35369.

What happens if Tesla closes below 29165?

If Tesla closes below 29165, it is seen as a strong sell signal. This could lead to further declines, possibly reaching 27287 or even 160-166 within 2-3 months, depending on the market conditions.

What trading strategy is suggested for a short-term outlook on Tesla?

For a short-term strategy, swing traders are advised to take profits if Tesla moves into the 33161-35369 range. If Tesla falls below 29165, consider exiting long positions and potentially shorting the stock.

How should options traders approach Tesla's potential movements?

Options traders should consider buying out-of-the-money puts if Tesla closes below 29165, targeting strikes around 220-225 for a 2-3 week downside play. For a longer-term outlook, buying calls with strikes around 515-520 is recommended if Tesla closes above 35369.

What does the 27287 level represent in Tesla's stock analysis?

27287 is another support level. If Tesla falls below 29165, this level could serve as a temporary bounce point before the stock potentially moves lower. It is considered a pivot point in the analysis of bearish movements.

Why is 29165 considered the key level for determining the direction of Tesla's stock?

29165 is critical because it marks the divide between a bullish and bearish outlook. A close above this level supports further upside potential, while a close below suggests a move towards lower price levels like 27287 or even the 160-166 range.

What are the projected time frames for Tesla’s price movements based on the analysis?

The analysis suggests several time frames: a 2-3 week upside play towards the low 350s, a 2-3 month bearish outlook if the stock closes below 29165, and a potential 6-month to 1-year bullish scenario if the stock surpasses 35369.

What role does the ongoing market situation, such as the feud between Elon Musk and Donald Trump, play in Tesla's stock price?

The feud between Elon Musk and Donald Trump accelerated Tesla's price movement, pushing it down towards the 29165 support level sooner than expected. External factors like these can influence stock behavior in the short term, as seen in this analysis.