Top 3 Stock Price Predictions: Upward Momentum On Rolls Royce, Tesco and Tesla Stocks

Geopolitical risk is at play once more with Israel and the US staring at a potential military conflict with Iran. Nonetheless, a US-China trade deal looms and that’s good for equities. Amidst all these, Rolls Royce (LSE: RR.), Tesla (NASDAQ: TSLA) and Tesco (LSE: TSCO) stock price momentums are likely to lead to further gains.

Rolls Royce

Rolls Royce share price has got a near-perfect combination of factors to stay on the upward trajectory. The company just got a major boost after UK Chancellor Rachel Reeves announced a £16.7 billion investment in nuclear energy, including £2.5 billion to be channeled towards Small Modular Reactors (SMR). The SMR deal is a direct revenue stream for Rolls Royce, which was chosen as the preferred bidder after beating other multinational companies.

The momentum underlying Rolls Royce share price is upbeat, coming from an all-time high of 912p set on Tuesday. In addition, escalating geopolitical tension in the Middle East, with Israel and the US reportedly weighing military actions against Iran. This sits well for Rolls Royce and other defence equipment manufacturers, as it could trigger increased revenue flows.

Rolls Royce Share Price Prediction

Pivot: Rolls Royce share price pivot is at 881.4p. The momentum favours the upside to prevail above that level. Conversely, breaking below that level will shift the momentum to the downside.

Resistance: First resistance will likely be at 396.2p. Second one likely at 910p.

Support: The stock will likely find initial support at 871.8p. Action below that level invalidates the upside narrative. That could clear the way to test 860.2p.

Tesla

Tesla stock price is on a recovery mode following the calming of a feud between CEO Elon Musk and US President Donald Trump. The two allies-turned-rivals have climbed down from their harsh rhetoric that had threatened Tesla’s business environment. Up to that point. Musk’s departure from Department of Government Efficiency (DOGE) had been received positively as it freed him up to focus on his businesses.

Also, Musk’s feud with Trump has diluted the negative optics created by the political baggage brought by their camaraderie. This could help improve the Tesla’s sales in Europe, where it faced the greatest political pressure.

Furthermore, Tesla stock price upside is also supported by the forthcoming launch of its robotaxi test runs in Austin, Texas. According to Musk, the company has tentatively set 22 June as the start date, in what could provide investors with a deeper insight into the integration of autonomous driving technology into the company’s revenue stream.

Tesla Stock Price Prediction

Pivot: The pivot mark will likely be at $322. Upside to prevail if action stays above this level. Otherwise, the sellers could take control.

Resistance : Primary resistance at $331. Second resistance likely at $338.

Support: First support likely at $316. Second support at $309.

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Tesco

On Thursday, Tesco reported strong sales growth in the first quarter of the year, reporting 4.6% year-on-year growth to £16.38 billion. The company also reported an 11.6% online sales growth, an impressive fete amid growing competition. The company has a 28% market share despite the competition, up by 44 basis points in the last 12 months and its highest since 2016. This has allayed fears that its dominance as the UK’s largest was under threat.

The company is currently implementing a £1.45 billion share buyback programme, which also adds medium-term support for the stock price. Impressively, Tesco reported a 18% jump in its high-end goods business, with the premium offerings defying rising inflation.

Also, Tesco reported strong growth in its Clubcard loyalty program, which had 84% penetration rate in the UK, 87% in Ireland and 88% rate in Europe, proving key to engaging and retaining customers.

Tesco Share Price Prediction

Pivot: TSCO price will likely pivot at 390p.

Resistance: Initial resistance likely to be at 398.1p. Second resistance like to be established at 405p.

Support : First support at 384p. Action below that level will invalidate the upside narrative. Second support likely at 376.6p.