TESLA INC. - Daily - Technical analysis published on 08/12/2019 (GMT)
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- Timeframe : Daily
- - 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:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 232.36 USD
My targets
183.82 USD (-19.73%)
143.67 USD (-37.26%)
My analysis
TESLA INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 232.36 USD. The next support located at 183.82 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 143.67 USD. Below this support, sellers could then target 37.16 USD.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TESLA INC. price is 229.01 USD. On the day, this instrument lost -2.55% with the lowest point at 228.75 USD and the highest point at 235.77 USD. The deviation from the price is +0.11% for the low point and -2.87% for the high point.228.75
235.77
229.01
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TESLA INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TESLA INC. indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
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 support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.16 | 143.67 | 183.82 | 229.01 | 232.36 | 251.59 | 284.78 |
| Change (%) | -83.77% | -37.26% | -19.73% | - | +1.46% | +9.86% | +24.35% |
| Change | -191.85 | -85.34 | -45.19 | - | +3.35 | +22.58 | +55.77 |
| Level | Minor | Major | Major | - | 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 | 227.74 | 230.78 | 232.89 | 235.93 | 238.04 | 241.08 | 243.19 |
| Camarilla | 233.59 | 234.07 | 234.54 | 235.01 | 235.48 | 235.95 | 236.43 |
| Woodie | 227.29 | 230.55 | 232.44 | 235.70 | 237.59 | 240.85 | 242.74 |
| Fibonacci | 230.78 | 232.74 | 233.96 | 235.93 | 237.89 | 239.11 | 241.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 213.19 | 219.47 | 227.24 | 233.52 | 241.29 | 247.57 | 255.34 |
| Camarilla | 231.15 | 232.43 | 233.72 | 235.01 | 236.30 | 237.59 | 238.87 |
| Woodie | 213.94 | 219.84 | 227.99 | 233.89 | 242.04 | 247.94 | 256.09 |
| Fibonacci | 219.47 | 224.84 | 228.15 | 233.52 | 238.89 | 242.20 | 247.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 176.68 | 199.45 | 220.53 | 243.30 | 264.38 | 287.15 | 308.23 |
| Camarilla | 229.55 | 233.57 | 237.59 | 241.61 | 245.63 | 249.65 | 253.67 |
| Woodie | 175.84 | 199.03 | 219.69 | 242.88 | 263.54 | 286.73 | 307.39 |
| Fibonacci | 199.45 | 216.20 | 226.55 | 243.30 | 260.05 | 270.40 | 287.15 |
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): | 44.51 | |
| MACD (12,26,9): | -0.7000 | |
| Directional Movement: | 0.15 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 237.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 250.22 | |
| Elder Ray (13): | -3.52 | |
| Super Trend (3,10): | 256.41 | |
| Zig ZAG (10): | 229.01 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 27.06 | |
| TEMA (21): | 233.13 | |
| Williams %R (14): | -84.57 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | -1.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 13.86 |
| MA7: | 232.74 | |
| MA20: | 241.96 | |
| MA50: | 229.39 | |
| MA100: | 238.03 | |
| MAexp7: | 233.71 | |
| MAexp20: | 236.52 | |
| MAexp50: | 235.44 | |
| MAexp100: | 244.57 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | -5.35% | |
| Price / MA50: | -0.17% | |
| Price / MA100: | -3.79% | |
| Price / MAexp7: | -2.01% | |
| Price / MAexp20: | -3.18% | |
| Price / MAexp50: | -2.73% | |
| Price / MAexp100: | -6.36% |
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:
-
Ongoing Investigation Probes Worker's Death On Tesla's Gigafactory Shop Floor
-
Tesla earnings drives its stock down with more to come?
- Tesla Releases Second Quarter 2019 Financial Results
-
Tesla is ‘completely dysfunctional’ Elon Musk is ‘a pathological liar’
- UPDATE: Tesla Announces Date for Second Quarter 2019 Financial Results and Webcast
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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