TSLA Technical Analysis - TESLA INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to TSLA. Both in the recent history as in the last year, TSLA has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, TSLA did better than 93% of all other stocks.

TSLA is one of the better performing stocks in the Automobiles industry, it outperforms 94% of 37 stocks in the same industry.

TSLA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TSLA is lagging the market slightly.

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 87743000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

TSLA has an excellent technical rating, but 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

286.42

445.02

When analyzing the support we can see 5 important areas.

A support zone ranging from 423.96 to 429.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @351.31 from a trend line in the daily time frame.
Support @339.81 from a trend line in the weekly time frame.
Support @322.55 from a trend line in the daily time frame.
Support @289.31 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 440.41 to 440.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	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	93.86	POSITIVE	TSLA has a high relative strength, it outperformed 93.86% 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)	DOWN	MIXED	The current price of TSLA is above a declining SMA(200).
Relative Strength Index/RSI (14)	57.58	NEUTRAL	The RSI value for TSLA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2	NEGATIVE	The MACD value suggests TSLA has a negative trend.
Stochastics (14,3)	44.95	NEUTRAL	The Stochastics value for TSLA is a neutral value.
Average True Range in percent/ATR (20)	4.64	MEDIUM VOLATILITY	The ATR as a percentage value for TSLA suggests some volalility.
Average Directional Index/ADX (14)	42.56	POSITIVE	The high ADX value value for TSLA suggests a strong trend.