TESLA INC (TSLA) Stock Technical Analysis
USA - NASDAQ:TSLA - US88160R1014 - Common Stock
395.23 USD
-8.76 (-2.17%)
397.68 USD
+2.45 (+0.62%)
Overall TSLA gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
TSLA is one of the better performing stocks in the Automobiles industry, it outperforms 80% of 36 stocks in the same industry.
TSLA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TSLA is performing more or less in line with the market.
TSLA has an average volume of 92814700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TSLA did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month TSLA has a been trading in the 382.78 - 474.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TSLA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 395.22, a Stop Loss order could be placed below this zone.
More info and screens
297.40
464.05
When analyzing the support we can see 5 important areas.
- A support zone ranging from 395.22 to 395.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @385.17 from a trend line in the daily time frame.
- Support @362.11 from a trend line in the weekly time frame.
- Support @336.79 from a trend line in the daily time frame.
- Support @300.40 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 404.56 to 408.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @459.46 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for TSLA is neutral. |
| ChartMill Relative Strength | 84.55 | POSITIVE | TSLA has a high relative strength, it outperformed 84.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TSLA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TSLA is below 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) | 39.36 | NEUTRAL | The RSI value for TSLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.43 | NEGATIVE | The MACD value suggests TSLA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.03 | OVERSOLD | The low Stochastics value suggests TSLA may be oversold. |
| Average True Range in percent/ATR (20) | 5.61 | HIGH VOLATILITY | The high ATR as a percentage value for TSLA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.66 | 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)
395.23
-8.76 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-2.17%
1 Week-1.68%
2 Weeks-11.37%
1 Month-11.97%
3 Month16.24%
6 Month16.47%
12 Month12.1%
2 Year64.62%
3 Year102.99%
5 Year108.9%
10 Year2474.68%
15 Year16680.2%
Volatility
ATR(14)23.39
ATR(20)%5.61%
ATR Inc3.95%
Range Today34.2
ADR(20)20.06
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.55
3 months CRS89.9
6 months CRS78.96
Mansfield0.56
10 Day High449.67
10 Day Low382.78
20 Day High474.07
20 Day Low382.78
52 Week High488.54
52 Week Low214.25
CS1 End395.22
CR1 Start404.56
Volume & EV
DER(3)-0.03%
DER(5)2.28%
Volume113.13M
Volume Incr10.37%
Vol(5)94.26M
Vol(50)92.81M
TESLA INC / TSLA FAQ
Can you provide the ChartMill technical rating for TESLA INC?
ChartMill assigns a technical rating of 6 / 10 to TSLA.
What is the current trend direction of TESLA INC (TSLA) stock?
The current trend direction for TESLA INC (TSLA) is Bullish.
What is the RSI signal for TESLA INC (TSLA) stock?
TESLA INC (TSLA) has an RSI value of 39.3566. This indicates that the stock is currently neutral.
What is the short term momentum for TESLA INC (TSLA) stock?
The short term momentum for TESLA INC (TSLA) is neutral.