TESLA Stock - Can TSLA See $380+ September?

Summary

In this Tesla update, the host reviews the latest stock performance, highlighting Tesla’s 1.5% gain and outperformance versus QQQ, despite broader market divergence. Technical analysis emphasizes key support in the low 350s, short-term caution from minor divergences on SMI and RSI, and the importance of the 9-day EMA as dynamic support. The weekly chart signals a strong bullish trend, with a minimum near-term target of $380. Options flow shows significant long-term bullish calls, reinforcing confidence in Tesla’s trajectory. Overall, the video provides a detailed, actionable outlook for both short- and long-term TSLA trends, combining technical indicators with market context.

Takeaways

• 📈 Tesla stock closed at ~$352, up 1.5%, outperforming broader market indices like QQQ and SPY.
• ⚠️ QQQ shows potential bearish head-and-shoulders pattern; SPY is stronger, forming a rising triangle.
• 💹 Critical support zone for Tesla is $350–$352; mid-340s (~$343–$346) act as secondary support if needed.
• 🟢 Tesla's 9-exponential moving average (EMA) around $337–$338 is a key level for trend support.
• 🚀 Short-term minor pullbacks expected, but overall Tesla trend remains bullish above $330.
• 📊 4-hour chart shows SMI pointing upwards; possible push to $353–$355 before consolidation.
• ⚡ 1-hour chart shows bearish divergence on SMI, indicating short-term toppy signals.
• 🎯 Weekly chart looks very strong; minimum medium-term target is $380.
• 💼 Options flow shows notable long-term bullish call at $700 strike (June 2026); short-term options activity standard bullish.
• 📝 Overall, despite short-term caution, Tesla maintains a strong bullish trajectory, with key zones to monitor and gradual breakout expected.

Q & A

What was Tesla's closing price and daily performance mentioned in the video?

Tesla closed just shy of $352, up 1.5% for the day, outperforming QQQ, which was up only 0.4%.

How does Tesla's performance compare with SPY and QQQ?

Tesla outperformed QQQ and showed strength despite QQQ being weaker than SPY. SPY displayed a rising triangle pattern and overall stronger performance.

What technical levels are crucial for Tesla's bullish breakout?

The low 350s (~350–352) range is crucial for support and confirming a bullish breakout. If Tesla fails here, the mid 340s (~343–346) serve as secondary support, with the 9 EMA (~337–338) as a key trend indicator.

What does the 9 EMA indicate in Tesla's chart analysis?

The 9 exponential moving average (EMA) acts as a dynamic support level. Tesla typically retraces to the 9 EMA during parabolic moves, signaling a healthy bullish trend without excessive overextension.

What does the 4-hour SMI suggest about Tesla's near-term movement?

The 4-hour SMI is still pointing up, indicating potential for a small additional push to $353–$355 before a possible consolidation or sideways movement.

Are there any short-term caution signals mentioned for Tesla?

Yes, the 1-hour SMI shows a slight bearish divergence with lower highs despite Tesla making higher highs. This, combined with RSI signals, suggests caution against aggressively chasing upward moves.

What is the outlook for Tesla on the weekly chart?

The weekly chart looks very bullish. Maintaining closes above the 350s range supports a target minimum of around $380.

What notable options flow activity was highlighted?

There were significant long-term bullish calls, including 2.2 million contracts on the $700 strike and 834k contracts on the same strike, expiring June 18, 2026, indicating confidence in Tesla's long-term upside.

How should traders interpret minor pullbacks in Tesla's price?

Minor pullbacks to mid-340s or the 9 EMA are normal and healthy in a bullish trend. These retracements can provide support and buying opportunities rather than signaling a trend reversal.

What strategy is suggested for options traders given Tesla's potential sideways movement?

Options selling could benefit during periods of sideways consolidation after a bullish push, as this allows traders to capitalize on time decay while Tesla holds support levels.

What are the overall conclusions about Tesla's bullish or bearish stance?

Tesla is undeniably bullish above $330, with a strong trajectory for further gains. Short-term caution is advised due to minor divergences, but the medium to long-term outlook remains very positive.