TESLA INC. - 1H - Technical analysis published on 07/15/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 1,430.00 USD
My targets
1,640.37 USD (+10.85%)
1,736.08 USD (+17.32%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,430.00 USD remains possible. It is advisable to trade TESLA INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,430.00 USD. The next bullish objective for buyers is set at 1,640.37 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,736.08 USD. If there is any crossing, the next objective would be the resistance located at 1,794.99 USD. PS: if there is a bearish break in the support located at 1,430.00 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TESLA INC. rating is 1,479.78 USD. The price registered a decrease of -2.44% on the session and was traded between 1,474.54 USD and 1,545.00 USD over the period. The price is currently at +0.36% from its lowest and -4.22% from its highest.1,474.54
1,545.00
1,479.78
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TESLA INC.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TESLA INC. indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 1,025.05 | 1,311.34 | 1,430.00 | 1,479.78 | 1,794.99 |
Change (%) | -30.73% | -11.38% | -3.36% | - | +21.30% |
Change | -454.73 | -168.44 | -49.78 | - | +315.21 |
Level | Major | Minor | Minor | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,276.20 | 1,353.60 | 1,435.20 | 1,512.60 | 1,594.20 | 1,671.60 | 1,753.20 |
Camarilla | 1,473.08 | 1,487.65 | 1,502.23 | 1,516.80 | 1,531.38 | 1,545.95 | 1,560.53 |
Woodie | 1,278.30 | 1,354.65 | 1,437.30 | 1,513.65 | 1,596.30 | 1,672.65 | 1,755.30 |
Fibonacci | 1,353.60 | 1,414.34 | 1,451.86 | 1,512.60 | 1,573.34 | 1,610.86 | 1,671.60 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,074.61 | 1,170.32 | 1,357.49 | 1,453.20 | 1,640.37 | 1,736.08 | 1,923.25 |
Camarilla | 1,466.86 | 1,492.79 | 1,518.72 | 1,544.65 | 1,570.58 | 1,596.51 | 1,622.44 |
Woodie | 1,120.33 | 1,193.19 | 1,403.21 | 1,476.07 | 1,686.09 | 1,758.95 | 1,968.97 |
Fibonacci | 1,170.32 | 1,278.38 | 1,345.14 | 1,453.20 | 1,561.26 | 1,628.02 | 1,736.08 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 693.12 | 773.61 | 926.71 | 1,007.20 | 1,160.30 | 1,240.79 | 1,393.89 |
Camarilla | 1,015.57 | 1,036.99 | 1,058.40 | 1,079.81 | 1,101.22 | 1,122.64 | 1,144.05 |
Woodie | 729.43 | 791.76 | 963.02 | 1,025.35 | 1,196.61 | 1,258.94 | 1,430.20 |
Fibonacci | 773.61 | 862.84 | 917.97 | 1,007.20 | 1,096.43 | 1,151.56 | 1,240.79 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 50.93 | |
MACD (12,26,9): | 19.4100 | |
Directional Movement: | -2.91 | |
AROON (14): | -50.00 | |
DEMA (21): | 1,555.70 | |
Parabolic SAR (0,02-0,02-0,2): | 1,605.50 | |
Elder Ray (13): | -17.32 | |
Super Trend (3,10): | 1,697.67 | |
Zig ZAG (10): | 1,503.88 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 22.11 | |
TEMA (21): | 1,522.19 | |
Williams %R (14): | -79.60 | |
Chande Momentum Oscillator (20): | -163.16 | |
Repulse (5,40,3): | -2.1800 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.3800 | |
Courbe Coppock: | 10.46 |
MA7: | 1,458.55 | |
MA20: | 1,193.77 | |
MA50: | 993.01 | |
MA100: | 811.07 | |
MAexp7: | 1,515.31 | |
MAexp20: | 1,519.73 | |
MAexp50: | 1,435.63 | |
MAexp100: | 1,309.56 | |
Price / MA7: | +1.46% | |
Price / MA20: | +23.96% | |
Price / MA50: | +49.02% | |
Price / MA100: | +82.45% | |
Price / MAexp7: | -2.34% | |
Price / MAexp20: | -2.63% | |
Price / MAexp50: | +3.08% | |
Price / MAexp100: | +13.00% |
Quotes :
2020-07-15 15:21:03
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on TESLA INC.. At the time of publication of this analysis, the latest news was as follows:
- Tesla, Inc. - TSLA Stock Chart Technical Analysis for 07-13-2020
- Update on Tesla’s 2020 Annual Meeting of Stockholders; Battery Day
- Tesla Announces Date for Second Quarter 2020 Financial Results and Webcast
- ALYI - Alternet Speculative Buy Opportunity Featured In EV Industry Snapshot Analyst Feature Alongside Tesla, Nikola and Workhorse
- Tesla Q2 2020 Vehicle Production & Deliveries
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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