TESLA INC. - 1H - Technical analysis published on 12/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 442.41 USD
My targets
409.97 USD (-3.84%)
377.76 USD (-11.40%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for TESLA INC. as long as the price remains well below 442.41 USD. The next bearish objective for sellers is set at 409.97 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 377.76 USD. In case of crossing, the next objective would be the support located at 352.56 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 409.97 USD. With this support, against the trend traders who want to buy TESLA INC. on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
1.8
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This analysis was given by althani. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TESLA INC. rating is 426.36 USD. The price has increased by +1.26% since the last closing and was between 422.07 USD and 432.80 USD. This implies that the price is at +1.02% from its lowest and at -1.49% from its highest.422.07
432.80
426.36
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this TESLA INC. chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 352.56 | 377.76 | 409.97 | 426.36 | 461.11 | 488.54 |
Change (%) | -17.31% | -11.40% | -3.84% | - | +8.15% | +14.58% |
Change | -73.80 | -48.60 | -16.39 | - | +34.75 | +62.18 |
Level | Major | Minor | Major | - | Minor | 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 | 380.67 | 399.15 | 410.11 | 428.59 | 439.55 | 458.03 | 468.99 |
Camarilla | 412.96 | 415.66 | 418.36 | 421.06 | 423.76 | 426.46 | 429.16 |
Woodie | 376.90 | 397.27 | 406.34 | 426.71 | 435.78 | 456.15 | 465.22 |
Fibonacci | 399.15 | 410.40 | 417.35 | 428.59 | 439.84 | 446.79 | 458.03 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 325.39 | 371.51 | 396.29 | 442.41 | 467.19 | 513.31 | 538.09 |
Camarilla | 401.56 | 408.06 | 414.56 | 421.06 | 427.56 | 434.06 | 440.56 |
Woodie | 314.71 | 366.18 | 385.61 | 437.08 | 456.51 | 507.98 | 527.41 |
Fibonacci | 371.51 | 398.60 | 415.33 | 442.41 | 469.50 | 486.23 | 513.31 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 145.67 | 192.27 | 268.72 | 315.32 | 391.77 | 438.37 | 514.82 |
Camarilla | 311.32 | 322.60 | 333.88 | 345.16 | 356.44 | 367.72 | 379.00 |
Woodie | 160.59 | 199.73 | 283.64 | 322.78 | 406.69 | 445.83 | 529.74 |
Fibonacci | 192.27 | 239.28 | 268.32 | 315.32 | 362.33 | 391.37 | 438.37 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 38.08 | |
MACD (12,26,9): | -5.1900 | |
Directional Movement: | -17.56 | |
AROON (14): | -57.14 | |
DEMA (21): | 437.22 | |
Parabolic SAR (0,02-0,02-0,2): | 447.08 | |
Elder Ray (13): | -8.62 | |
Super Trend (3,10): | 463.00 | |
Zig ZAG (10): | 421.06 | |
VORTEX (21): | 0.8000 | |
Stochastique (14,3,5): | 32.31 | |
TEMA (21): | 427.81 | |
Williams %R (14): | -91.17 | |
Chande Momentum Oscillator (20): | -20.33 | |
Repulse (5,40,3): | -5.5100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1100 | |
Courbe Coppock: | 10.71 |
MA7: | 442.08 | |
MA20: | 392.14 | |
MA50: | 320.57 | |
MA100: | 272.93 | |
MAexp7: | 434.86 | |
MAexp20: | 442.39 | |
MAexp50: | 438.16 | |
MAexp100: | 416.32 | |
Price / MA7: | -3.56% | |
Price / MA20: | +8.73% | |
Price / MA50: | +33.00% | |
Price / MA100: | +56.22% | |
Price / MAexp7: | -1.95% | |
Price / MAexp20: | -3.62% | |
Price / MAexp50: | -2.69% | |
Price / MAexp100: | +2.41% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on TESLA INC. at the time of the generation of this analysis was as follows:
-
Chat GPT, US Dollar and Tesla headline a busy day of data
-
Elon Musk’s Tesla becomes newest $1 trillion company
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tesla, Inc. - TSLA
-
BYD bests Tesla for the first time
-
Tesla i største stigning i 11 år, og vild vild uge vi går i møde!
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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