TESLA INC. - Weekly - Technical analysis published on 06/23/2022 (GMT)
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- Timeframe : Weekly
- - 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 bearish
Underlying:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 763.70 USD
My targets
600.72 USD (-15.09%)
563.00 USD (-20.42%)
My analysis
The strong short-term decline of TESLA INC. reinforces the current slightly bearish trend. As long as the price remains below 763.70 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 600.72 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 563.00 USD as an objective. Crossing it would then enable sellers to target 388.04 USD. A return to above 763.70 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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Additional analysis
Quotes
The TESLA INC. price is 707.48 USD. Over 5 days, this instrument gained +10.67% and was traded between 673.00 USD and 730.73 USD over the period. The price is currently at +5.12% from its lowest point and -3.18% from its highest point.673.00
730.73
707.48
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TESLA INC.:
Technical
Technical analysis of TESLA INC. in Weekly shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 183.48 | 388.04 | 563.00 | 707.48 | 763.70 | 883.09 | 1,229.91 |
| Change (%) | -74.07% | -45.15% | -20.42% | - | +7.95% | +24.82% | +73.84% |
| Change | -524.00 | -319.44 | -144.48 | - | +56.22 | +175.61 | +522.43 |
| Level | Intermediate | Minor | Major | - | Major | Major | 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 | 653.97 | 677.73 | 692.99 | 716.75 | 732.01 | 755.77 | 771.03 |
| Camarilla | 697.53 | 701.11 | 704.68 | 708.26 | 711.84 | 715.41 | 718.99 |
| Woodie | 649.73 | 675.61 | 688.75 | 714.63 | 727.77 | 753.65 | 766.79 |
| Fibonacci | 677.73 | 692.63 | 701.84 | 716.75 | 731.65 | 740.86 | 755.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 534.33 | 580.21 | 615.24 | 661.12 | 696.15 | 742.03 | 777.06 |
| Camarilla | 628.03 | 635.45 | 642.86 | 650.28 | 657.70 | 665.11 | 672.53 |
| Woodie | 528.92 | 577.50 | 609.83 | 658.41 | 690.74 | 739.32 | 771.65 |
| Fibonacci | 580.21 | 611.11 | 630.21 | 661.12 | 692.02 | 711.12 | 742.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 265.79 | 443.18 | 600.72 | 778.11 | 935.65 | 1,113.04 | 1,270.58 |
| Camarilla | 666.15 | 696.86 | 727.56 | 758.26 | 788.96 | 819.66 | 850.37 |
| Woodie | 255.87 | 438.22 | 590.80 | 773.15 | 925.73 | 1,108.08 | 1,260.66 |
| Fibonacci | 443.18 | 571.12 | 650.17 | 778.11 | 906.05 | 985.10 | 1,113.04 |
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): | 41.73 | |
| MACD (12,26,9): | -58.3600 | |
| Directional Movement: | -9.98 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 756.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,012.84 | |
| Elder Ray (13): | -73.92 | |
| Super Trend (3,10): | 1,018.21 | |
| Zig ZAG (10): | 702.27 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 11.83 | |
| TEMA (21): | 683.61 | |
| Williams %R (14): | -83.74 | |
| Chande Momentum Oscillator (20): | -376.66 | |
| Repulse (5,40,3): | -8.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4700 | |
| Courbe Coppock: | 37.91 |
| MA7: | 682.58 | |
| MA20: | 704.72 | |
| MA50: | 796.24 | |
| MA100: | 859.03 | |
| MAexp7: | 728.87 | |
| MAexp20: | 816.69 | |
| MAexp50: | 821.92 | |
| MAexp100: | 707.55 | |
| Price / MA7: | +3.65% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | -11.15% | |
| Price / MA100: | -17.64% | |
| Price / MAexp7: | -2.93% | |
| Price / MAexp20: | -13.37% | |
| Price / MAexp50: | -13.92% | |
| Price / MAexp100: | -0.01% |
Quotes :
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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:
- CARS.COM'S AMERICAN-MADE INDEX ADDS TESLA TO EXCLUSIVE LIST OF MULTIYEAR CHART-TOPPERS, MODEL Y NABS NO. 1
-
The Trade I'll Never Forget - Kieran Weal on Tesla
-
Elon Musk changes his tune for Tesla staff
- Distribution of the Tesla Fair Fund Established by the Securities & Exchange Commission
-
Elon Musk has 'a super bad feeling' about the economy - or rather Tesla? | DW News
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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