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Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.


TESLA INC

Nasdaq / Consumer Discretionary / Automobiles

Technical Rating and Analysis

5

Overall TSLA gets a technical rating of 5 out of 10. In the last year, TSLA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

The long and short term trends are both positive. This is looking good!
TSLA is one of the better performing stocks in the Automobiles industry, it outperforms 73% of 39 stocks in the same industry.
TSLA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TSLA is lagging the market slightly.
TSLA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TSLA has an average volume of 121437000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TSLA is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Weekly and Daily overview Charts
TSLA Weekly chart
TSLA Daily chart
Setup Rating and Analysis

8

Although the technical rating is only medium, TSLA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 242.21, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

204.76

278.81

We found 3 important support areas.

  • A support zone ranging from 234.38 to 242.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @220.76 from a trend line in the weekly time frame.
  • A support zone ranging from 206.83 to 207.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

  • Resistance @250.72 from a trend line in the daily time frame.
  • Resistance @260.63 from a trend line in the weekly time frame.
  • A resistance zone ranging from 270.65 to 276.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.91
Mansfield0.72
10 Day High252.75
10 Day Low231.9
20 Day High252.75
20 Day Low205.69
52 Week High299.29
52 Week Low101.81
Performance
1 Week2.1%
2 Weeks3.56%
1 Month16.13%
3 Month-1.88%
6 Month-0.23%
12 Month36.19%
2 Year-30.78%
3 Year3.66%
5 Year999.04%
10 Year2331.43%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.71
RSI(14)57.73
LBB232.03
UBB246.89