NASDAQ:TSLA • US88160R1014
We assign a technical rating of 1 out of 10 to TSLA. TSLA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, TSLA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 411.10, a Stop Loss order could be placed below this zone.
321.18
When analyzing the support we can see 4 important areas.
When analyzing the resistance we notice 2 important areas.
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 | DOWN | NEGATIVE | The short term trend for TSLA is down. |
| ChartMill Relative Strength | 68.64 | NEUTRAL | TSLA is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of TSLA is below a declining 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) | 42.55 | NEUTRAL | The RSI value for TSLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests TSLA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.58 | NEUTRAL | The Stochastics value for TSLA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for TSLA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.23 | NEUTRAL | The ADX value for TSLA suggests a possible start of a new trend. |
411.32
+0.69 (+0.17%)
ChartMill assigns a technical rating of 1 / 10 to TSLA.
The current trend direction for TESLA INC (TSLA) is Bearish.
TESLA INC (TSLA) has an RSI value of 42.5473. This indicates that the stock is currently neutral.
The short term momentum for TESLA INC (TSLA) is negative.