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.
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.
215.62
We found 6 important support areas.
We can see 4 important resistance 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 | 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. |
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%. |
315.65
+14.94 (+4.97%)