GRANITESHARES 1.25 LONG TSLA (TSL) Stock Technical Analysis
NASDAQ:TSL - Nasdaq - US38747R7026 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to TSL. TSL has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month TSL has a been trading in the 11.50 - 13.96 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that TSL is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TSL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TSL 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.
TSL has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
9.63
14.76
We found 6 important support areas.
- A support zone ranging from 12.63 to 12.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.10 from a trend line in the daily time frame.
- A support zone ranging from 11.72 to 11.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.04 from a horizontal line in the daily time frame.
- Support @10.30 from a trend line in the weekly time frame.
- Support @9.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.38 to 14.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for TSL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSL is up. |
| ChartMill Relative Strength | 84.29 | POSITIVE | TSL has a high relative strength, it outperformed 84.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TSL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TSL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.14 | NEUTRAL | The RSI value for TSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests TSL has a positive trend. |
| Stochastics (14,3) | 84.87 | OVERBOUGHT | The high Stochastics value suggests TSL may be overbought. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for TSL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.68 | NEGATIVE | The low ADX value for TSL suggests a weak or negative trend. |
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)
13.49
-0.11 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.81%
1 Week7.49%
2 Weeks7.58%
1 Month6.22%
3 Month-6.12%
6 Month-11.77%
12 Month56.68%
2 Year-28.75%
3 Year-42.16%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%4.41%
ATR Inc-14.58%
Range Today0.5
ADR(20)0.51
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.29
Mansfield-0.43
10 Day High13.96
10 Day Low11.5
20 Day High13.96
20 Day Low11.5
52 Week High23.03
52 Week Low7.93
CS1 End12.71
CR1 Start14.38
Volume & EV
DER(3)-1.19%
DER(5)0.91%
Volume324.30K
Volume Incr-2.02%
Vol(5)406.08K
Vol(50)482.98K