TESLA INC (TSLA) Stock Technical Analysis
NASDAQ:TSLA - Nasdaq - US88160R1014 - Common Stock - Currency: USD
Overall TSLA gets a technical rating of 4 out of 10. Although TSLA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
TSLA is part of the Automobiles industry. There are 37 other stocks in this industry. TSLA outperforms 86% of them.
TSLA has an average volume of 116328000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, TSLA did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
In the last month TSLA has a been trading in the 273.21 - 357.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, TSLA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 344.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 313.27, a Stop Loss order could be placed below this zone.
More info and screens
215.62
366.53
We found 6 important support areas.
- A support zone ranging from 292.71 to 295.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @284.69 from a horizontal line in the daily time frame.
- Support @263.45 from a trend line in the weekly time frame.
- Support @254.51 from a trend line in the weekly time frame.
- Support @229.45 from a trend line in the daily time frame.
- Support @217.80 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 315.77 to 324.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @341.39 from a trend line in the daily time frame.
- Resistance @349.99 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 360.56 to 362.90. This zone is formed by a combination of multiple trend lines 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 | 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 | 82.2 | POSITIVE | TSLA has a high relative strength, it outperformed 82.2% 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) | 47.7 | NEUTRAL | The RSI value for TSLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.84 | NEGATIVE | The MACD value suggests TSLA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.49 | NEUTRAL | The Stochastics value for TSLA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for TSLA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.17 | 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)
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 |
|---|---|---|---|
| 324.44 | 311.29 | 13.15 (4.05%) | 24.67% |
| An entry @324.44. This is a Buy Stop order right above the 10 day moving average. | An exit @311.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 13.15 points, which is 4.05%. | When investing 24.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TSLA. Please evaluate whether better entry and exit points can be found.
- 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.
315.65
+14.94 (+4.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg4.97%
1 Week-3.63%
2 Weeks-0.22%
1 Month-8.31%
3 Month31.83%
6 Month-23.09%
12 Month25.5%
2 Year18.03%
3 Year6.23%
5 Year230.93%
10 Year1678.98%
15 Year23645%
Volatility
ATR(14)16.26
ATR(20)%6.11%
ATR Inc29.51%
Range Today13.01
ADR(20)17.33
ADR(20)%5.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.2
Mansfield-0.15
10 Day High357.54
10 Day Low293.21
20 Day High357.54
20 Day Low273.21
52 Week High488.54
52 Week Low182
CS1 End313.27
CR1 Start344.52
Volume & EV
DER(3)0.3%
DER(5)-0.04%
Volume119.29M
Volume Incr-18.13%
Vol(5)101.97M
Vol(50)116.33M