TESLA INC (TSLA) Stock Technical Analysis
NASDAQ:TSLA - US88160R1014 - Common Stock
351.67 USD
+5.07 (+1.46%)
352.24 USD
+0.57 (+0.16%)
We assign a technical rating of 9 out of 10 to TSLA. Both in the recent history as in the last year, TSLA 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.
TSLA is part of the Automobiles industry. There are 37 other stocks in this industry. TSLA outperforms 86% of them.
In the last month TSLA has a been trading in the 297.82 - 351.90 range, which is quite wide. It is currently trading near the high of this range.
TSLA has an average volume of 91871300 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 87% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TSLA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TSLA 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.
Although TSLA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
275.45
366.53
When analyzing the support we can see 6 important areas.
- Support @348.68 from a horizontal line in the daily time frame.
- A support zone ranging from 317.50 to 327.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @309.63 from a trend line in the daily time frame.
- A support zone ranging from 302.62 to 302.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @293.94 from a horizontal line in the daily time frame.
- Support @278.23 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @351.68 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 360.56 to 362.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 TSLA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSLA is up. |
| ChartMill Relative Strength | 87.23 | POSITIVE | TSLA has a high relative strength, it outperformed 87.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSLA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSLA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TSLA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.97 | NEUTRAL | The RSI value for TSLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.86 | POSITIVE | The MACD value suggests TSLA has a positive trend. |
| Stochastics (14,3) | 90.62 | OVERBOUGHT | The high Stochastics value suggests TSLA may be overbought. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for TSLA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.81 | NEGATIVE | The low ADX value for TSLA 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)
351.67
+5.07 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg1.46%
1 Week6.79%
2 Weeks3.18%
1 Month9.49%
3 Month1.5%
6 Month20.03%
12 Month64.25%
2 Year36.26%
3 Year27.6%
5 Year111.71%
10 Year2017.99%
15 Year26979.3%
Volatility
ATR(14)12.03
ATR(20)%3.38%
ATR Inc-4.51%
Range Today8.18
ADR(20)11.66
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.23
Mansfield0.22
10 Day High351.9
10 Day Low314.6
20 Day High351.9
20 Day Low297.82
52 Week High488.54
52 Week Low209.64
CS1 End348.68
CR1 Start351.68
Volume & EV
DER(3)4.35%
DER(5)2.31%
Volume76.65M
Volume Incr-11.5%
Vol(5)78.11M
Vol(50)91.87M