We assign a technical rating of 8 out of 10 to TSLA. Although TSLA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, TSLA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 458.97. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
340.04
When analyzing the support we can see 5 important areas.
- Support @407.68 from a trend line in the weekly time frame.
- Support @401.04 from a trend line in the daily time frame.
- A support zone ranging from 391.08 to 391.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @373.26 from a trend line in the weekly time frame.
- Support @343.47 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 458.97 to 459.46. 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 | 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 | 74.49 | POSITIVE | TSLA has a high relative strength, it outperformed 74.49% 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) | 60.18 | NEUTRAL | The RSI value for TSLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.45 | POSITIVE | The MACD value suggests TSLA has a positive trend. |
| Stochastics (14,3) | 89.21 | OVERBOUGHT | The high Stochastics value suggests TSLA may be overbought. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for TSLA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.82 | NEGATIVE | The low ADX value for TSLA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 459.47 | 422.11 | 37.36 (8.13%) | 12.30% |
| An entry @459.47. This is a Buy Stop order right above the resistance zone. | An exit @422.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 37.36 points, which is 8.13%. | For a 1.00% total portfolio risk, you can invest 12.30% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
458.96
+12.07 (+2.7%)
TESLA INC / TSLA FAQ
Can you provide the ChartMill technical rating for TESLA INC?
ChartMill assigns a technical rating of 8 / 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 60.1798. 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 positive.
What is the buy/sell signal for TSLA stock?
The buy/sell signal for TESLA INC (TSLA) is buy as both the short term and long term trends are positive.