Tesla Stock Primed for Major Move as Bollinger Bands Tighten Ahead of Next Week's Meeting

Tesla's stock ($TSLA) is experiencing significant market activity, with analysts suggesting a potential major move. Since reaching an all-time high of $162.21 per share on November 18, 2020, Tesla has closed below $160 only 35 times in the subsequent 890 trading days. Recently, the Bollinger Bands for Tesla's stock have hit their tightest level in four years, indicating potential volatility. The last time the Bollinger Bands were this tight was on December 13, 2023, when the stock broke out and increased by 16% over 2-3 weeks. Analysts are closely monitoring the stock ahead of next week's meeting, with some suggesting that seismic pressure is building.