Part 6/9:
The current price at around $426 is approaching resistance near $440.
Past all-time highs (~$480) are significant psychological barriers.
The market shows signs of fatigue; recent trading action indicates that Tesla might hit a "wall" at these levels.
Probability of a Downturn
Based on statistical models, the chances of a short-term decline toward $400-$440 are high if the stock reaches certain thresholds. The analysis suggests that:
The stock is now in a "danger zone" between $440 and $460.
A move beyond $460 might signal the end of this explosive rally, possibly leading to a correction or consolidation.
Broader Market Context: Is the Entire Market Overheating?
Tesla's potential decline is compounded by broader market conditions: