Tesla Surges to Strong Weekly Finish, Bullish Momentum Points to Higher Open on Monday

AUSTIN, TX – Tesla Inc. (TSLA) shares powered through the end of the week, closing with a robust gain of 1.94% and setting a positive tone for the start of next week’s trading. The electric vehicle maker’s stock finished the session at $325.31, up $6.20 for the day, and continued to climb in after-hours trading, suggesting investor confidence remains high.
The trading day for Tesla was a clear victory for the bulls. After opening lower at $313.97, well below the previous close of $319.11, buyers quickly stepped in. The stock found its low for the day almost immediately at $313.30 before embarking on a powerful rally that lasted for several hours. This surge pushed the share price to a daily high of $332.99 by mid-afternoon.
Following this peak, the stock entered a period of healthy consolidation, pulling back slightly but establishing a strong new support level around the $325 mark. Crucially, the selling pressure was minimal, and the stock held its gains firmly into the close.
The Case for a Continued Rally on Monday:
The technical picture painted by Friday’s chart is overwhelmingly bullish. Several key factors point towards a likely continuation of the upward trend on Monday:
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Strong After-Hours Performance: The stock didn’t just hold its gains; it added to them after the market closed, rising another 0.49% to $326.92. This is a significant indicator that buying interest is carrying over into the weekend.
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Resilient Buying Pressure: The initial dip at the open was aggressively bought, demonstrating strong underlying demand for the stock at those levels. This “buy the dip” mentality shows that investors are eager to enter or add to their positions.
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Consolidation at a Higher Level: After the strong run-up, the stock did not give back its gains. Instead, it stabilized and traded sideways, which is often a sign that the market is absorbing the new price and preparing for the next move higher.
Outlook for Monday:
Given the strong close and positive after-hours activity, the market is signaling a high probability of a gap-up open for Tesla on Monday. Investors will be watching the day’s high of $332.99 as the next key resistance level. A break above this price could trigger another wave of buying and confirm that the bullish momentum is firmly intact. While some profit-taking is always possible after a strong run, the evidence from Friday’s session strongly suggests that the path of least resistance for Tesla’s stock is currently to the upside.