TESLA INC (TSLA) Technical Analysis
NASDAQ:TSLA • US88160R1014
Current stock price
TSLA Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to TSLA. In the past year, TSLA was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- TSLA is one of the better performing stocks in the Automobiles industry, it outperforms 85% of 35 stocks in the same industry.
- In the last month TSLA has a been trading in the 337.24 - 409.28 range, which is quite wide. It is currently trading near the high of this range.
- TSLA has an average volume of 63025400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, TSLA turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
- 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.
TSLA Weekly and Daily overview Charts
TSLA Setup Rating and Analysis
TSLA 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
TSLA Support and Resistance Analysis
300.18
We found 2 important support areas.
- A support zone ranging from 343.24 to 348.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @303.21 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 397.39 to 400.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @407.82 from a horizontal line in the daily time frame.
TSLA 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 | NEUTRAL | NEUTRAL | The long term trend for TSLA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSLA is up. |
| ChartMill Relative Strength | 59.68 | NEUTRAL | TSLA is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of TSLA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TSLA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.97 | NEUTRAL | The RSI value for TSLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.33 | POSITIVE | The MACD value suggests TSLA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.59 | NEUTRAL | The Stochastics value for TSLA is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for TSLA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.66 | NEUTRAL | The ADX value for TSLA suggests a possible start of a new trend. |
TSLA Chart- and CandleStick Pattern Analysis
TSLA Technicals: Chart, Performance Metrics, Trend & Indicators
387.51
+1.09 (+0.28%)
TESLA INC / TSLA TA FAQ
Can you provide the ChartMill technical rating for TESLA INC?
ChartMill assigns a technical rating of 4 / 10 to TSLA.
Can you provide the trend direction for TESLA INC?
The current trend direction for TESLA INC (TSLA) is Bearish.
Can you provide the RSI signal for TESLA INC?
TESLA INC (TSLA) has an RSI value of 53.9743. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TESLA INC?
The short term momentum for TESLA INC (TSLA) is positive.
Can you provide the support and resistance levels for TESLA INC?
TESLA INC (TSLA) has a support level at 348.94 and a resistance level at 397.39. Check the full technical report for our detailed analysis of TSLA support and resistance levels.