On November 2, 2022, 2:47 pm, Tesla shares are listed on their home market NASDAQ GS at a price of USD 226.86. The company belongs to the Automobile Manufacturers segment.
Based on a total of 7 evaluation criteria, we have developed an evaluation of Tesla’s current level. At each stage, the company receives a Buy, Hold or Sell grade. This results in the final weighting of the overall grade.
1. Emotion and buzz: Significant changes in the nature or frequency of communication allow accurate conclusions to be drawn about the current image of participation in social networks. At Tesla, the mood has brightened over the past four weeks. We therefore rate the stock as a “buy”. An increase in the frequency of communication was registered. ie In recent weeks there has been more talk about the company. Overall, Tesla receives a “buy” rating at this level.
2. Relative Strength Index: With the help of the Relative Strength Index (RSI), an indicator from technical analysis, information can be provided whether a security is “overbought” or “oversold”. To do this, the up and down movements of the underlying asset are compared over time. Let’s look at the RSI of the last 7 days for Tesla stock: the value is currently 19.2. Therefore, the security is oversold and hence we maintain a “buy” rating. The RSI for the past 25 trading days is less volatile than the RSI7 and adds a longer-term perspective to our analysis. Unlike the RSI for the past 7 trading days, Tesla is neither overbought nor oversold on this basis. The stock’s skewed rating by the 25-day RSI is therefore a “hold” rating. Overall, the analysis of RSIs on Tesla gives a “buy” rating.
3. Industry Comparison Share price: Compared to the average annual performance of stocks from the same industry (“Consumer Discretionary”), Tesla is down more than 23 percent with a return of 17.95 percent. The “automotive” branch earned an average return of 22.62 percent over the past 12 months. Here, too, Tesla is very low at 4.67 percent. The stock’s performance over the past year has led to a “Sell” rating in this category.
Buy, Hold or Sell – Your Tesla Analysis from 03.11. gives the answer:
How will Tesla grow now? Is entry worth it or should investors sell instead? Find the answers to these questions and why you need to act now in the latest Tesla analysis.