TESLA INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	TSLA
ISIN:

TESLA INC. - Daily - Technical analysis published on 08/12/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

11%

78%

11%

My opinion

Bearish under 254.49 USD

My targets

228.44 USD (-5.85%)

209.39 USD (-13.71%)

My analysis

The strong short-term decline in TESLA INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 254.49 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 228.44 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 209.39 USD as an objective. Crossing it would then enable sellers to target 172.83 USD. Be careful, a return to above 254.49 USD could jeopardize the reversal.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

2.5

Comment on the analysis

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 SnInvest. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TESLA INC. rating is 242.65 USD. On the day, this instrument lost -1.10% and was between 238.02 USD and 243.79 USD. This implies that the price is at +1.95% from its lowest and at -0.47% from its highest.

238.02

243.79

242.65

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of TESLA INC. in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	153.75	172.83	209.39	242.65	254.49	294.36	409.97
Change (%)	-36.64%	-28.77%	-13.71%	-	+4.88%	+21.31%	+68.96%
Change	-88.90	-69.82	-33.26	-	+11.84	+51.71	+167.32
Level	Intermediate	Intermediate	Major	-	Major	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	233.41	235.72	239.18	241.49	244.95	247.26	250.72
Camarilla	241.06	241.59	242.12	242.65	243.18	243.71	244.24
Woodie	234.00	236.01	239.77	241.78	245.54	247.55	251.31
Fibonacci	235.72	237.92	239.28	241.49	243.69	245.05	247.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	220.27	229.14	235.90	244.77	251.53	260.40	267.16
Camarilla	238.35	239.79	241.22	242.65	244.08	245.52	246.95
Woodie	219.21	228.61	234.84	244.24	250.47	259.87	266.10
Fibonacci	229.14	235.11	238.80	244.77	250.74	254.43	260.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	202.77	228.44	247.94	273.61	293.11	318.78	338.28
Camarilla	255.01	259.15	263.29	267.43	271.57	275.71	279.85
Woodie	199.68	226.90	244.85	272.07	290.02	317.24	335.19
Fibonacci	228.44	245.70	256.36	273.61	290.87	301.53	318.78

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):	39.85
MACD (12,26,9):	-3.9900
Directional Movement:	-14.72
AROON (14):	-92.86
DEMA (21):	253.78
Parabolic SAR (0,02-0,02-0,2):	268.92
Elder Ray (13):	-12.73
Super Trend (3,10):	270.08
Zig ZAG (10):	242.65
VORTEX (21):	0.8500
Stochastique (14,3,5):	8.44
TEMA (21):	242.94
Williams %R (14):	-86.73
Chande Momentum Oscillator (20):	-21.70
Repulse (5,40,3):	-1.3400
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	16.51

MA7:	249.22
MA20:	262.29
MA50:	257.95
MA100:	218.76
MAexp7:	248.57
MAexp20:	256.61
MAexp50:	248.99
MAexp100:	231.89
Price / MA7:	-2.64%
Price / MA20:	-7.49%
Price / MA50:	-5.93%
Price / MA100:	+10.92%
Price / MAexp7:	-2.38%
Price / MAexp20:	-5.44%
Price / MAexp50:	-2.55%
Price / MAexp100:	+4.64%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on TESLA INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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