TESLA INC. - Weekly - Technical analysis published on 05/21/2021 (GMT)
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- Timeframe : Weekly
- - 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
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 563.00 USD
My targets
652.31 USD (+11.17%)
762.32 USD (+29.92%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TESLA INC.. As long as you are above the support located at 563.00 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 652.31 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 762.32 USD as an objective. Crossing it would then enable buyers to target 883.09 USD. If the support 563.00 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
1.6
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Additional analysis
Quotes
The TESLA INC. price is 586.78 USD. The price is lower by -0.50% over the 5 days and has been traded over the last 5 days between 546.98 USD and 596.25 USD. This implies that the 5 day price is +7.28% from its lowest point and -1.59% from its highest point.546.98
596.25
586.78
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TESLA INC. in Weekly shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Weekly
Support of channel is broken
Type : Bearish
Timeframe : Weekly
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 | 183.48 | 388.04 | 563.00 | 586.78 | 762.32 | 883.09 |
| Change (%) | -68.73% | -33.87% | -4.05% | - | +29.92% | +50.50% |
| Change | -403.30 | -198.74 | -23.78 | - | +175.54 | +296.31 |
| Level | Intermediate | Intermediate | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 557.84 | 564.45 | 575.62 | 582.23 | 593.40 | 600.01 | 611.18 |
| Camarilla | 581.89 | 583.52 | 585.15 | 586.78 | 588.41 | 590.04 | 591.67 |
| Woodie | 560.11 | 565.59 | 577.89 | 583.37 | 595.67 | 601.15 | 613.45 |
| Fibonacci | 564.45 | 571.25 | 575.44 | 582.23 | 589.03 | 593.22 | 600.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 439.18 | 499.41 | 544.58 | 604.81 | 649.98 | 710.21 | 755.38 |
| Camarilla | 560.76 | 570.42 | 580.08 | 589.74 | 599.40 | 609.06 | 618.73 |
| Woodie | 431.64 | 495.65 | 537.04 | 601.05 | 642.44 | 706.45 | 747.84 |
| Fibonacci | 499.41 | 539.68 | 564.55 | 604.81 | 645.08 | 669.95 | 710.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 530.94 | 595.18 | 652.31 | 716.55 | 773.68 | 837.92 | 895.05 |
| Camarilla | 676.06 | 687.19 | 698.31 | 709.44 | 720.57 | 731.69 | 742.82 |
| Woodie | 527.39 | 593.40 | 648.76 | 714.77 | 770.13 | 836.14 | 891.50 |
| Fibonacci | 595.18 | 641.54 | 670.19 | 716.55 | 762.91 | 791.56 | 837.92 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.45 | |
| MACD (12,26,9): | 22.2800 | |
| Directional Movement: | -8.45 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 707.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 766.25 | |
| Elder Ray (13): | -94.21 | |
| Super Trend (3,10): | 833.38 | |
| Zig ZAG (10): | 586.78 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 23.54 | |
| TEMA (21): | 654.02 | |
| Williams %R (14): | -83.20 | |
| Chande Momentum Oscillator (20): | -88.72 | |
| Repulse (5,40,3): | -6.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.2400 | |
| Courbe Coppock: | 29.77 |
| MA7: | 579.47 | |
| MA20: | 646.05 | |
| MA50: | 669.88 | |
| MA100: | 722.44 | |
| MAexp7: | 648.41 | |
| MAexp20: | 659.94 | |
| MAexp50: | 546.39 | |
| MAexp100: | 398.42 | |
| Price / MA7: | +1.26% | |
| Price / MA20: | -9.17% | |
| Price / MA50: | -12.41% | |
| Price / MA100: | -18.78% | |
| Price / MAexp7: | -9.50% | |
| Price / MAexp20: | -11.09% | |
| Price / MAexp50: | +7.39% | |
| Price / MAexp100: | +47.28% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on TESLA INC. at the time of the generation of this analysis was as follows:
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Tesla, Inc. - TSLA Stock Chart Technical Analysis for 05-20-2021
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Tesla, Inc. - TSLA Stock Chart Technical Analysis for 05-19-2021
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Why Tesla Stock Fell To New Lows?
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Tesla Driver Pulled Over After Appearing To Be Asleep While Driving
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Tesla, Inc. - TSLA Stock Chart Technical Analysis for 05-18-2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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