488.73 USD
+7.53 (+1.56%)
489.66 USD
+0.93 (+0.19%)
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.
The long and short term trends are both positive. This is looking good!
TSLA is part of the Automobiles industry. There are 36 other stocks in this industry. TSLA outperforms 80% of them.
TSLA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
TSLA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TSLA has an average volume of 83085400 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 74% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although TSLA has an excellent technical rating, the quality of the presented setup is not ideal 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
342.68
493.62
We found 5 important support areas.
- A support zone ranging from 437.92 to 441.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @418.73 from a trend line in the weekly time frame.
- Support @407.39 from a trend line in the daily time frame.
- Support @380.70 from a trend line in the weekly time frame.
- Support @346.14 from a trend 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 | UP | POSITIVE | The short term trend for TSLA is up. |
| ChartMill Relative Strength | 74.8 | POSITIVE | TSLA has a high relative strength, it outperformed 74.8% 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) | 63.86 | NEUTRAL | The RSI value for TSLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.3 | POSITIVE | The MACD value suggests TSLA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.19 | OVERBOUGHT | The high Stochastics value suggests TSLA may be overbought. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TSLA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.18 | NEUTRAL | The ADX value for TSLA suggests a possible start of a new 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)
488.73
+7.53 (+1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg1.56%
1 Week2.82%
2 Weeks11.18%
1 Month24.97%
3 Month10.97%
6 Month51.02%
12 Month13.22%
2 Year96.69%
3 Year296.76%
5 Year107.77%
10 Year2954.44%
15 Year27428.9%
Volatility
ATR(14)17.99
ATR(20)%3.45%
ATR Inc-3.19%
Range Today13.5
ADR(20)14.94
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.8
3 months CRS84.91
6 months CRS91.48
Mansfield2.44
10 Day High498.83
10 Day Low435.7
20 Day High498.83
20 Day Low401.09
52 Week High498.83
52 Week Low214.25
CS1 End441.22
CR1 StartN/A
Volume & EV
DER(3)-0.12%
DER(5)0.81%
Volume86.77M
Volume Incr29.48%
Vol(5)99.76M
Vol(50)83.09M
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 63.8601. 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.