TESLA INC. - Daily - Technical analysis published on 10/08/2020 (GMT)
- 349
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 420.46 USD
My targets
448.79 USD (+3.39%)
498.32 USD (+14.80%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TESLA INC. as long as the price remains well above 420.46 USD. The buyers” bullish objective is set at 448.79 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 498.32 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TESLA INC. rating 434.08 USD. On the day, this instrument gained +2.06% and was traded between 428.66 USD and 439.00 USD over the period. The price is currently at +1.26% from its lowest and -1.12% from its highest.428.66
439.00
434.08
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of TESLA INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 274.88 | 329.40 | 380.36 | 434.08 | 448.79 | 498.32 |
| Change (%) | -36.68% | -24.12% | -12.38% | - | +3.39% | +14.80% |
| Change | -159.20 | -104.68 | -53.72 | - | +14.71 | +64.24 |
| Level | Minor | Major | Major | - | Intermediate | Major |
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 | 400.08 | 406.96 | 416.13 | 423.02 | 432.19 | 439.07 | 448.24 |
| Camarilla | 420.89 | 422.36 | 423.83 | 425.30 | 426.77 | 428.24 | 429.72 |
| Woodie | 401.22 | 407.53 | 417.27 | 423.59 | 433.33 | 439.64 | 449.38 |
| Fibonacci | 406.96 | 413.09 | 416.88 | 423.02 | 429.15 | 432.94 | 439.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 364.22 | 387.91 | 401.50 | 425.19 | 438.78 | 462.47 | 476.06 |
| Camarilla | 404.84 | 408.26 | 411.67 | 415.09 | 418.51 | 421.93 | 425.34 |
| Woodie | 359.17 | 385.39 | 396.45 | 422.67 | 433.73 | 459.95 | 471.01 |
| Fibonacci | 387.91 | 402.15 | 410.95 | 425.19 | 439.43 | 448.23 | 462.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.82 | 247.85 | 338.43 | 420.46 | 511.04 | 593.07 | 683.65 |
| Camarilla | 381.54 | 397.37 | 413.19 | 429.01 | 444.83 | 460.66 | 476.48 |
| Woodie | 170.10 | 249.99 | 342.71 | 422.60 | 515.32 | 595.21 | 687.93 |
| Fibonacci | 247.85 | 313.79 | 354.52 | 420.46 | 486.40 | 527.13 | 593.07 |
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): | 54.61 | |
| MACD (12,26,9): | 9.5900 | |
| Directional Movement: | -2.10 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 432.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 367.81 | |
| Elder Ray (13): | 11.79 | |
| Super Trend (3,10): | 472.17 | |
| Zig ZAG (10): | 432.39 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 69.56 | |
| TEMA (21): | 424.18 | |
| Williams %R (14): | -23.06 | |
| Chande Momentum Oscillator (20): | 7.49 | |
| Repulse (5,40,3): | -1.7100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3800 | |
| Courbe Coppock: | 3.77 |
| MA7: | 427.27 | |
| MA20: | 421.41 | |
| MA50: | 387.77 | |
| MA100: | 307.78 | |
| MAexp7: | 425.16 | |
| MAexp20: | 418.05 | |
| MAexp50: | 384.39 | |
| MAexp100: | 325.30 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | +3.01% | |
| Price / MA50: | +11.94% | |
| Price / MA100: | +41.04% | |
| Price / MAexp7: | +2.10% | |
| Price / MAexp20: | +3.83% | |
| Price / MAexp50: | +12.93% | |
| Price / MAexp100: | +33.44% |
Quotes :
2020-10-08 16:46:02
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on TESLA INC. at the time of the generation of this analysis was as follows:
-
Tesla, Inc. - TSLA Stock Chart Technical Analysis for 10-07-2020
- Thinking about trading options or stock in Tesla, Levi Strauss, United Airlines, Carnival Corp, or Slack Technologies?
-
Tesla, Inc. - TSLA Stock Chart Technical Analysis for 10-06-2020
-
Tesla, Inc. - TSLA Stock Chart Technical Analysis for 10-05-2020
-
Tesla Analysis by FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis TESLA INC. - Daily