Tesla stock (TSLA) presented a mixed and potentially volatile picture for investors after the trading session on June 17th. While the stock closed the day with a solid gain, significant pre-market selling pressure has erased those advances, creating a critical decision point ahead of the market open on Monday.
On the main trading day, Tesla Inc. closed at
3.82 (1.17%). The session was marked by volatility, with the stock opening at $331.29 and hitting a high of $332.05 before pulling back. Despite the intraday swings, it managed to close well above its low of $326.41 and the previous close of $325.31, indicating that buyers stepped in to support the price.
However, the post-session narrative tells a different story. The pre-market data, captured at 8:03 am GMT-4, shows the stock trading down at
2.04 (0.62%) from its official close. This downward momentum is clearly visible in the after-hours chart, which shows a steep decline after 4:00 pm, suggesting that the initial bullish sentiment may be waning.
For traders, this creates a classic standoff between daytime bulls and after-hours bears.
Key Data for Traders to Watch
To formulate a trading strategy for Monday, it is essential to analyze these key metrics from the June 17th session:
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Day’s Range: The stock’s movement between
332.05 (high) establishes the immediate support and resistance levels.
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Previous Close: At $325.31, this level will act as a major psychological support point if selling pressure continues.
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52-Week Range: Tesla is trading in the middle of its wide 52-week range of
488.54, indicating it is far from both its yearly peak and bottom.
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Valuation & Fundamentals:
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Mkt cap: 1.03L Cr (interpreted as $1.03 Trillion for the US market)
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P/E Ratio: A very high 181.15, signaling a premium valuation that often leads to volatility.
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Div yield: None. Tesla is a growth stock and does not pay a dividend.
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Outlook for Monday: Will the Stock Go Up or Down?
It is not advisable to invest today, as markets are closed for the weekend. For Monday’s session, the data points to two clear scenarios.
The Bearish Case: The pre-market decline is a significant warning sign. If Tesla stock opens below the
326.41**, it would confirm that sellers have taken control. This could lead to a further drop to test the previous closing price of $325.31.
The Bullish Case: For the uptrend to resume, buyers must reject the pre-market weakness at the opening bell. If the stock can quickly reclaim the $329.13 closing price and push past the opening price of
332.05** would be a very strong signal that the rally is set to continue.
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Investing in Tesla stock ahead of Monday’s session carries considerable risk due to the conflicting signals. The positive close is challenged by a sharp pre-market drop. The most prudent approach for traders is to wait for the market to open and observe the initial price action. The battle between the support level around $326.41 and the resistance at $332.05 will likely determine the stock’s direction for the day.
Disclaimer: This article is for informational purposes only and is based on the data provided in the image. It does not constitute financial advice. All investment decisions should be made with the help of a qualified financial professional.
