TESLA INC. - Daily - Technical analysis published on 10/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 223.27 USD
My targets
209.39 USD (-2.51%)
191.76 USD (-10.71%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on TESLA INC. as long as the price remains well below 223.27 USD. The next bearish objective for sellers is set at 209.39 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 191.76 USD. In case of crossing, the next objective would be the support located at 180.44 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
3.6
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This analysis was given by Tinkerbell. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TESLA INC. rating is 214.77 USD. The price is lower by -1.47% since the last closing and was between 214.65 USD and 218.72 USD. This implies that the price is at +0.06% from its lowest and at -1.81% from its highest.214.65
218.72
214.77
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 slightly bearish. 53.57% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 180.44 | 191.76 | 209.39 | 214.77 | 223.27 | 240.85 | 262.65 |
| Change (%) | -15.98% | -10.71% | -2.51% | - | +3.96% | +12.14% | +22.29% |
| Change | -34.33 | -23.01 | -5.38 | - | +8.50 | +26.08 | +47.88 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | 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 | 213.12 | 214.19 | 216.08 | 217.15 | 219.04 | 220.11 | 222.00 |
| Camarilla | 217.16 | 217.43 | 217.70 | 217.97 | 218.24 | 218.51 | 218.78 |
| Woodie | 213.53 | 214.40 | 216.49 | 217.36 | 219.45 | 220.32 | 222.41 |
| Fibonacci | 214.19 | 215.32 | 216.02 | 217.15 | 218.28 | 218.98 | 220.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.35 | 209.05 | 214.87 | 219.57 | 225.39 | 230.09 | 235.91 |
| Camarilla | 217.81 | 218.77 | 219.74 | 220.70 | 221.66 | 222.63 | 223.59 |
| Woodie | 204.92 | 209.33 | 215.44 | 219.85 | 225.96 | 230.37 | 236.48 |
| Fibonacci | 209.05 | 213.07 | 215.55 | 219.57 | 223.59 | 226.07 | 230.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.67 | 190.16 | 225.89 | 245.38 | 281.11 | 300.60 | 336.33 |
| Camarilla | 246.45 | 251.51 | 256.57 | 261.63 | 266.69 | 271.75 | 276.82 |
| Woodie | 178.80 | 194.22 | 234.02 | 249.44 | 289.24 | 304.66 | 344.46 |
| Fibonacci | 190.16 | 211.25 | 224.28 | 245.38 | 266.47 | 279.50 | 300.60 |
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): | 37.77 | |
| MACD (12,26,9): | -4.8900 | |
| Directional Movement: | -13.29 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 223.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 238.58 | |
| Elder Ray (13): | -8.48 | |
| Super Trend (3,10): | 239.31 | |
| Zig ZAG (10): | 215.86 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 10.06 | |
| TEMA (21): | 216.33 | |
| Williams %R (14): | -94.84 | |
| Chande Momentum Oscillator (20): | -25.26 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 25.04 |
| MA7: | 219.22 | |
| MA20: | 235.57 | |
| MA50: | 228.33 | |
| MA100: | 219.92 | |
| MAexp7: | 220.19 | |
| MAexp20: | 228.35 | |
| MAexp50: | 227.82 | |
| MAexp100: | 220.56 | |
| Price / MA7: | -2.03% | |
| Price / MA20: | -8.83% | |
| Price / MA50: | -5.94% | |
| Price / MA100: | -2.34% | |
| Price / MAexp7: | -2.46% | |
| Price / MAexp20: | -5.95% | |
| Price / MAexp50: | -5.73% | |
| Price / MAexp100: | -2.63% |
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:
-
TESLA Takes On The Competition. Reports earnings October 23. #tesla #tsla #earningsreport
-
Tesla faces probe after fatal ‘Full Self Driving’ collisions
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tesla, Inc. - TSLA
-
Tesla stock down after Musk unveils its new robotaxi #shorts
-
Why Elon Musk’s Robotaxi Is Such a Risky Bet for Tesla
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