TESLA INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	TSLA
ISIN:

TESLA INC. - Daily - Technical analysis published on 07/02/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 222.18 USD

My targets

240.61 USD (+4.04%)

254.49 USD (+10.04%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TESLA INC. as long as the price remains well above 222.18 USD. The buyers' bullish objective is set at 240.61 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 254.49 USD. If there is any crossing, the next objective would be the resistance located at 293.54 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

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

Additional analysis

Quotes

The TESLA INC. rating is 231.26 USD. The price has increased by +10.20% since the last closing and was between 218.06 USD and 231.30 USD. This implies that the price is at +6.05% from its lowest and at -0.02% from its highest.

218.06

231.30

231.26

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

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. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	186.77	209.39	222.18	231.26	240.61	254.49	293.54
Change (%)	-19.24%	-9.46%	-3.93%	-	+4.04%	+10.04%	+26.93%
Change	-44.49	-21.87	-9.08	-	+9.35	+23.23	+62.28
Level	Major	Major	Minor	-	Intermediate	Intermediate	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	209.21	213.63	222.45	226.87	235.69	240.11	248.93
Camarilla	227.62	228.83	230.05	231.26	232.47	233.69	234.90
Woodie	211.40	214.73	224.64	227.97	237.88	241.21	251.12
Fibonacci	213.63	218.69	221.82	226.87	231.93	235.06	240.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	164.34	173.17	185.53	194.36	206.72	215.55	227.91
Camarilla	192.05	194.00	195.94	197.88	199.82	201.77	203.71
Woodie	166.10	174.05	187.29	195.24	208.48	216.43	229.67
Fibonacci	173.17	181.27	186.27	194.36	202.46	207.46	215.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	140.00	153.71	175.79	189.50	211.58	225.29	247.37
Camarilla	188.04	191.32	194.60	197.88	201.16	204.44	207.72
Woodie	144.20	155.80	179.99	191.59	215.78	227.38	251.57
Fibonacci	153.71	167.38	175.83	189.50	203.17	211.62	225.29

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):	80.71
MACD (12,26,9):	9.0200
Directional Movement:	37.32
AROON (14):	100.00
DEMA (21):	201.16
Parabolic SAR (0,02-0,02-0,2):	179.71
Elder Ray (13):	28.31
Super Trend (3,10):	196.70
Zig ZAG (10):	231.26
VORTEX (21):	1.1700
Stochastique (14,3,5):	92.57
TEMA (21):	207.94
Williams %R (14):	-0.07
Chande Momentum Oscillator (20):	48.79
Repulse (5,40,3):	11.5200
ROCnROLL:	1
TRIX (15,9):	0.3600
Courbe Coppock:	29.63

MA7:	200.39
MA20:	186.35
MA50:	179.34
MA100:	179.00
MAexp7:	204.84
MAexp20:	191.19
MAexp50:	183.52
MAexp100:	186.94
Price / MA7:	+15.40%
Price / MA20:	+24.10%
Price / MA50:	+28.95%
Price / MA100:	+29.20%
Price / MAexp7:	+12.90%
Price / MAexp20:	+20.96%
Price / MAexp50:	+26.01%
Price / MAexp100:	+23.71%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on TESLA INC. at the time of the generation of this analysis was as follows:

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

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