Tesla Stock Price Forecast 2025: Watch $210 to $300 Range Ahead of Q2 Delivery Report
Tesla shares surged over 6% reaching their highest point since January 2025, fueled by growing anticipation of the electric vehicle giant’s Q2 delivery figures. Discover the pivotal technical levels and what traders should watch next.
Highlights to Know
- Tesla's stock jumped more than 6% to hit a fresh high since January, driven by excitement around the upcoming Q2 delivery numbers.
- The stock forms a classic inverse head and shoulders pattern, signaling a bullish reversal may be underway.
- Potential resistance levels to monitor include the $232 trendline and last year's peak near $299.
- The Relative Strength Index (RSI) shows overbought conditions, suggesting a possible short-term pullback to near $189.
Tesla (TSLA) shares rallied sharply on Monday, climbing above $210 as investor optimism builds ahead of the highly awaited Q2 deliveries report, scheduled for Tuesday. This surge marks the stock's strongest performance since January 2024.
Using technical analysis, we identify key price points that could influence Tesla’s stock trajectory in the near term, especially given the market’s sensitivity to company news.
Inverse Head and Shoulders Pattern Signals Bullish Shift
Following several months of decline marked by a bearish death cross—when the 50-day moving average dipped below the 200-day moving average—Tesla’s stock has formed an inverse head and shoulders pattern. This chart formation, characterized by a lower trough flanked by two higher troughs, often indicates a trend reversal from bearish to bullish once the price breaks above the neckline, which Tesla recently achieved.
On Monday, the stock closed above the 200-day moving average with the highest trading volume since April, reinforcing bullish momentum.
Crucial Resistance Levels to Watch
Should Tesla’s rally continue, traders should watch the $232 resistance line formed by a trendline connecting key swing highs from mid to late 2023. A decisive break above this level could propel the stock toward last year’s high near $299, which lies just below the $314 peaks reached in August and September 2022.
RSI Indicates Potential Short-Term Correction
The RSI indicator crossed above 70, signaling overbought conditions and raising the possibility of a short-lived retracement. Should a pullback occur, support near $189—corresponding to the inverse head and shoulders neckline—may attract buyers and offer a buying opportunity.
At Monday’s close, Tesla shares stood at $209.86, up 6.1% for the day.
Disclaimer: The analysis and opinions shared on ZAMONA are for informational purposes only and should not be taken as financial advice. Please review our warranty and liability disclaimers for details.
The author holds no positions in Tesla stock as of this article’s publication.
Discover the latest news and current events in Markets News as of 07-07-2024. The article titled " Tesla Stock Price Forecast 2025: Watch $210 to $300 Range Ahead of Q2 Delivery Report " provides you with the most relevant and reliable information in the Markets News field. Each news piece is thoroughly analyzed to deliver valuable insights to our readers.
The information in " Tesla Stock Price Forecast 2025: Watch $210 to $300 Range Ahead of Q2 Delivery Report " helps you make better-informed decisions within the Markets News category. Our news articles are continuously updated and adhere to journalistic standards.