TESLA INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	TSLA
ISIN:

TESLA INC. - 1H - Technical analysis published on 10/24/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 251.24 USD

My targets

262.65 USD (+1.92%)

281.11 USD (+9.09%)

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 251.24 USD. The buyers' bullish objective is set at 262.65 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 281.11 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

7.9

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

Additional analysis

Quotes

The TESLA INC. price is 257.70 USD. The price registered an increase of +20.62% on the session and was traded between 242.65 USD and 258.69 USD over the period. The price is currently at +6.20% from its lowest and -0.38% from its highest.

242.65

258.69

257.70

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

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of TESLA INC. indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	222.22	240.85	251.24	257.70	262.65	293.54	381.82
Change (%)	-13.77%	-6.54%	-2.51%	-	+1.92%	+13.91%	+48.16%
Change	-35.48	-16.85	-6.46	-	+4.95	+35.84	+124.12
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	204.32	208.22	210.93	214.83	217.54	221.44	224.15
Camarilla	211.83	212.44	213.04	213.65	214.26	214.86	215.47
Woodie	203.74	207.92	210.35	214.53	216.96	221.14	223.57
Fibonacci	208.22	210.74	212.30	214.83	217.35	218.91	221.44

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):	87.26
MACD (12,26,9):	8.5900
Directional Movement:	53.28
AROON (14):	42.86
DEMA (21):	240.14
Parabolic SAR (0,02-0,02-0,2):	217.78
Elder Ray (13):	20.87
Super Trend (3,10):	242.84
Zig ZAG (10):	258.23
VORTEX (21):	1.1000
Stochastique (14,3,5):	98.70
TEMA (21):	248.54
Williams %R (14):	-0.88
Chande Momentum Oscillator (20):	40.32
Repulse (5,40,3):	3.5200
ROCnROLL:	1
TRIX (15,9):	0.2100
Courbe Coppock:	23.88

MA7:	224.54
MA20:	235.64
MA50:	229.42
MA100:	220.72
MAexp7:	245.35
MAexp20:	231.23
MAexp50:	226.17
MAexp100:	228.37
Price / MA7:	+14.77%
Price / MA20:	+9.36%
Price / MA50:	+12.33%
Price / MA100:	+16.75%
Price / MAexp7:	+5.05%
Price / MAexp20:	+11.46%
Price / MAexp50:	+13.95%
Price / MAexp100:	+12.86%

Quotes : - 15 min delayed data - 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:

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

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