1TSLA Technical Analysis - TESLA INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to 1TSLA. Both in the recent history as in the last year, 1TSLA has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

1TSLA is part of the Automobiles industry. There are 29 other stocks in this industry. 1TSLA outperforms 92% of them.

In the last month 1TSLA has a been trading in the 280.00 - 367.00 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that 1TSLA is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

1TSLA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so 1TSLA is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although 1TSLA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

227.46

364.46

When analyzing the support we can see 4 important areas.

A support zone ranging from 286.99 to 290.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @261.08 from a trend line in the daily time frame.
Support @241.29 from a trend line in the weekly time frame.
Support @229.76 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 1TSLA.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 1TSLA.MI is up.
ChartMill Relative Strength	93.15	POSITIVE	1TSLA.MI has a high relative strength, it outperformed 93.15% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 1TSLA.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 1TSLA.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of 1TSLA.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	75.89	OVERBOUGHT	The high RSI value suggests 1TSLA.MI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	6.53	POSITIVE	The MACD value suggests 1TSLA.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.43	OVERBOUGHT	The high Stochastics value suggests 1TSLA.MI may be overbought.
Average True Range in percent/ATR (20)	3.36	MEDIUM VOLATILITY	The ATR as a percentage value for 1TSLA.MI suggests some volalility.
Average Directional Index/ADX (14)	27.89	POSITIVE	The high ADX value value for 1TSLA.MI suggests a strong trend.