TESLA INC. - Daily - Technical analysis published on 08/03/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 688.72 USD
My targets
762.32 USD (+7.37%)
826.16 USD (+16.36%)
My analysis
TESLA INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 688.72 USD. The next resistance located at 762.32 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 826.16 USD. After this resistance, buyers could then target 883.09 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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Additional analysis
Quotes
TESLA INC. rating 710.02 USD. The price has increased by +0.05% since the last closing and was traded between 701.01 USD and 722.65 USD over the period. The price is currently at +1.29% from its lowest and -1.75% from its highest.701.01
722.65
710.02
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TESLA INC. chart shows a strongly bullish trend. 89.29% 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 a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 563.00 | 643.41 | 688.72 | 710.02 | 762.32 | 826.16 | 883.09 |
Change (%) | -20.71% | -9.38% | -3.00% | - | +7.37% | +16.36% | +24.38% |
Change | -147.02 | -66.61 | -21.30 | - | +52.30 | +116.14 | +173.07 |
Level | Major | Major | Major | - | Intermediate | Minor | 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 | 667.86 | 683.13 | 696.40 | 711.67 | 724.94 | 740.21 | 753.48 |
Camarilla | 701.82 | 704.44 | 707.05 | 709.67 | 712.29 | 714.90 | 717.52 |
Woodie | 666.86 | 682.63 | 695.40 | 711.17 | 723.94 | 739.71 | 752.48 |
Fibonacci | 683.13 | 694.03 | 700.77 | 711.67 | 722.57 | 729.31 | 740.21 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 573.49 | 600.37 | 643.78 | 670.66 | 714.07 | 740.95 | 784.36 |
Camarilla | 667.87 | 674.31 | 680.76 | 687.20 | 693.64 | 700.09 | 706.53 |
Woodie | 581.77 | 604.50 | 652.06 | 674.79 | 722.35 | 745.08 | 792.64 |
Fibonacci | 600.37 | 627.22 | 643.81 | 670.66 | 697.51 | 714.10 | 740.95 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 558.90 | 589.68 | 638.44 | 669.22 | 717.98 | 748.76 | 797.52 |
Camarilla | 665.33 | 672.62 | 679.91 | 687.20 | 694.49 | 701.78 | 709.07 |
Woodie | 567.89 | 594.18 | 647.43 | 673.72 | 726.97 | 753.26 | 806.51 |
Fibonacci | 589.68 | 620.06 | 638.84 | 669.22 | 699.60 | 718.38 | 748.76 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 66.56 | |
MACD (12,26,9): | 11.6800 | |
Directional Movement: | 15.35 | |
AROON (14): | 71.43 | |
DEMA (21): | 680.47 | |
Parabolic SAR (0,02-0,02-0,2): | 631.62 | |
Elder Ray (13): | 38.47 | |
Super Trend (3,10): | 635.14 | |
Zig ZAG (10): | 711.34 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 85.37 | |
TEMA (21): | 687.55 | |
Williams %R (14): | -14.36 | |
Chande Momentum Oscillator (20): | 67.43 | |
Repulse (5,40,3): | 1.7300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1500 | |
Courbe Coppock: | 6.29 |
MA7: | 676.19 | |
MA20: | 662.27 | |
MA50: | 642.80 | |
MA100: | 655.16 | |
MAexp7: | 684.22 | |
MAexp20: | 666.81 | |
MAexp50: | 656.11 | |
MAexp100: | 653.26 | |
Price / MA7: | +5.00% | |
Price / MA20: | +7.21% | |
Price / MA50: | +10.46% | |
Price / MA100: | +8.37% | |
Price / MAexp7: | +3.77% | |
Price / MAexp20: | +6.48% | |
Price / MAexp50: | +8.22% | |
Price / MAexp100: | +8.69% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on TESLA INC. at the time of the analysis were as follows:
- Tesla CEO Elon Musk denies he discussed merger with Apple's Tim Cook
- Tesla posts record $1.1 billion profit despite semiconductor shortages
- Tesla Releases Second Quarter 2021 Financial Results
- Bears In Control Ahead of Tesla Report by FX Empire
- Tesla: will Elon Musk signal strength for China 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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