TESLA INC. - Timeframe: 1H Technical analysisTRENDS
Court terme: STRONGLY BULLISH TECHNICAL INDICATORS: 50% BULLISH / 0% BEARISH / 50% NEUTRAL
MY OPINION: BULLISH ABOVE 800.51 USD
MY TARGETS
862.95 USD (+6.37%)
869.82 USD (+7.21%)
MY ANALYSIS
The bullish trend is currently very strong on TESLA INC.. As long as the price remains above the support at 800.51 USD, you could try to benefit from the boom. The first bullish objective is located at 862.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 869.82 USD as an objective. Crossing it would then enable buyers to target 917.42 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
FORCE : 7.7/10
Quotes:
The TESLA INC. rating is 811.29 USD. On the day, this instrument gained -0.99% and was traded between 785.00 USD and 824.00 USD over the period. The price is currently at +3.35% from its lowest and -1.54% from its highest.
Technical:
A technical analysis in 1H of this TESLA INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Indicators scanner detects a bullish signal on moving averages that could impact this trend.
Numerical data:
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators:
RSI (14): 58.02
MACD (12,26,9): 9.7500
Directional Movement: 2.62
AROON (14): 21.43
DEMA (21): 818.06
Parabolic SAR (0,02-0,02-0,2): 819.55
Elder Ray (13): 3.00
Super Trend (3,10): 781.02
Zig ZAG (10): 817.90
VORTEX (21): 1.0900
Stochastique (14,3,5): 81.60
TEMA (21): 821.64
Williams %R (14): -6.76
Chande Momentum Oscillator (20): 10.03
Repulse (5,40,3): 1.7600
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 5.70
Moving averages:
MA7: 775.62
MA20: 755.58
MA50: 633.22
MA100: 620.35
MAexp7: 812.49
MAexp20: 804.12
MAexp50: 787.18
MAexp100: 760.04
Price / MA7: +4.60%
Price / MA20: +7.37%
Price / MA50: +28.12%
Price / MA100: +30.78%
Price / MAexp7: -0.15%
Price / MAexp20: +0.89%
Price / MAexp50: +3.06%
Price / MAexp100: +6.74%
Stockstrading
AAPL Approaching Resistance, Can We Expect a Reversal?Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
Here I thought of making an update on current situation the AAPL market while running in long positions. As I see that we are getting close to resistance level above and which is where a possible reversal or rejection can be expected. So take a look on the resistance level at this stage. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
US 30 : 23000 short term range bottom test is likelyHead and shoulder formation on daily (24500-24900-24500) indicating price to test the short term range bottom 23000 in coming days ,Like most of the stock indices ,Dow is also trading inside the rectangular range 24500-23000 since the last 20 days / investors lessen exposure in stocks and the general fear in market as the corona virus caused death tolls are escalating day by day . Technically, price is consolidating near the 50% fib retracement (29500-18200 sell off) and the 50/55 exponential moving average indicating a second phase sell off and to test the March 2020 bottom one again.
Support break out /Macd golden cross will give the confirmation of the commence of next level sell off in my opinion.
We have inflation numbers , retail sales and Fed President Powell speech on the calendar for this week and Earnings reports from CISCO .
Trend : Range Bound (24500-23000)
Resistance : 24900
Supports : 23500 & 23000
Still We Have a Great Chance in AALWelcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
This is going to be a perfect sign for gains in AAL market. Look into the highlighted eclipse and good place for a long term buying opportunities. price has been locked at this point for AAL and where I see a great potential ahead after economical come back! Sketch up your own trade setup before you take off. Our Previous selling banked with 100+ Pips and Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
ON SEMICONDUCTOR ($ON): Will ON be Having an OFF Day?✨ New charts every day ✨
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Expectations of Q2 earnings are low for ON Semiconductor, and last quarter performance was underwhelming as well. There is likely a short setup here, and with earning only a few days away on May 14th, it makes sense to find our short now.
Resource: www.earningswhispers.com
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1. Fractal Trend is signaling downtrend (Maroon bar color) on the 4 hour chart. While this downtrend started a while back, it is still technically in play and that means we want to look for short setups with our strategy.
2. With the strategy, we are looking to open a short position after a reaction from either a bearish orderblock plotted by Orderblock Mapping or a S/R level plotted by Directional Bias.
3. R1 and R2 are looking like probable resistance and could result in a continuation of the downtrend after they are retested.
4. Our entry for R1 depends on what the open looks like Monday. If the entry makes sense with Monday's open, we have a target of S1. Our stop for the R1 entry is set in a way that gives us roughly a 3:1 risk to reward ratio here since there aren't a lot of levels of interest to use for stop placement.
5. Our entry at R2 will be in play if our R1 entry fails. With R2 we have placed our stop right above the bearish order block above our R2 entry. The target for our R2 entry is S1 as well.
6. The overall market might be in recovery mode, and ON might be recovering too, but this chart is still in a bear trend. Thus, taking this short at resistance into what is likely a bearish earnings makes sense.
Shopify Hitting New Highs - Strong Growth Stock- NYSE:SHOP has a market cap over $82bn and over 1 million small business customers - definitely one of the best growth stories over the last few years.
-Technically it's maintained a strong uptrend and recently stayed within a steep narrow uptrending Pitchfork. Over 136% since its April 20 lows.
- Some concern that this current run up isn't sustainable - we are seeing negative divergence.
- Want to be a buyer but not at these prices - will be waiting for a pullback to the identified demand zone or when the Connor's RSI hits the buy zone. Don't expect to see prices coming down to the April 20 lows anytime soon. We might see a bigger price reset once we get out of the Corona world - shopify is extremely attractive in the Corona world.
UBER Breaks Out of Consolidation- Uber Shares break out from price consolidation after Eats Revenue increases buffers its $3 Billion Quarterly Loss
- Stay at home orders gave an unprecedented 53% year-on-year revenue growth for the Eats Business.
- Technically price has broken out of its down trending Pitchfork with a strong burst on the Connors RSI. Longer term momentum has been somewhat flat and needs to pick up before prices can reach our first target.
- If prices remain in the linear regression channel we could see our first target of $39 hit by July - expecting some resistance along the way especially at $34.
- Investors are betting on growth to continue in Eats and lockdown restrictions easing the drag of the rest of the business.
Wish I Discovered this Earlier: FHRC $23 ShortFirst off, please don't take this seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. Right now, FHRC is doing quite well as a retail brokerage following a bullish run from what I believe to be a bearish price correction due to the period we are in. This is remarkable given other stocks retail related aren't doing as well. Overall, FHRC had a strong and stable price correlation in the market since IPO. I believe a $23 short target is quite reasonable extremely soon.
Macy's at a Downward Spiral, but has Long PotentialPlease don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. First off, for buying Macy's as a stock right now prior to the earnings call, there is no way I am doing that (even if it goes up). Given the dramatic hit that retail took, the earnings call is expected to not be so positive and the risk is too high. However afterwards, Macys does have potential for a long asset hold. The demand curve for retail is expected to go back up when everything is back to normal, and it took a hit from being $17 shy of few month ago.
Disney Dips on Missed Earnings- Disney reported a $1.4bn miss to profits in the first three months of FY, as it closed its parks, movie releases and reduced advertising sales.
- It reduced capital investment by $900m and suspending a planned dividend payment. It also has furloughed more than 100,000 employees last month.
- Technically the stock is bounced of the pitchfork resistance parallel (this has done a great job describing price action). It's now oversold and has broken out of its short term uptrending channel. We expect prices to retest it's previous lows - possibly near the lower pitchfork parallel.
- Disney has been a great growth stock over the years - but's it gonna be a slow recovery in big parts of it's business - don't see this stock zooming up.
ACTIVISION ($ATVI): Call of Earnings✨ We provide charts every day ✨
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Will Activision's upcoming earnings be as active as their player count since COVID? Or, are we missing some potential Pitfalls? Let's take a look and see if we can't predict ATVI's Destiny.
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1. Range MA is showing an uptrend (Green bar color) for ATVI on the 4 hour chart.
2. With this setup, we want to take long positions when we get a Bull signal in an uptrend (and go short when we get Bear signals in a downtrend).
3. We are currently waiting on a Bull signal, but generally see an uptrend here into earnings.
4. Assuming the uptrend continues, we will be looking for a reaction off of R1 and R2 on a move up into earnings.
5. If we get a surprise upset, or if the broader market pulls us down, we will be looking at S1 and S2 as potential support levels.
6. One possible play here is to wait for a pullback off R1 and then to long on a Bull signal (or simply continued strength). Generally, however, this chart suggests that being long into earnings is at least a sound idea based purely on the trend.
PAYPAL (PYPL): Getting Paid With PayPal✨ We provide charts every day ✨
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It's time to get paid with some PayPal (PYPL) plays. Let's go!
Today we are looking at PayPal's chart going into earnings. The bet is that this online payment company did will during the second quarter under COVID and that we will be seeing new highs going into earnings on May 6th or shortly after.
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1. PayPal is already back up near its previous highs, having gotten rejected at the R1 bearish orderblock.
2. We got a long signal from Fractal Trend (Green background color) and a long signal from Breakaway Scalper (Green bar color) back in mid-April. We take long positions when Fractal Trend is bullish and then Breakaway Scalper is bullish, so this setup worked well.
3. We have a trailing stop still active on that long to lock in profits and will be relying on it to signal an exit upon the run up if we break these highs at R1.
4. The idea here will be to stay in the long position into earnings, assuming the strategy continues to give us the "green light." This is because earnings momentum may bring us higher and force quite a few people to cover their shorts as well as earning being great from all the recently generated revenue while everyone has been at home from the quarantine.
5. If we do break down for whatever reason, perhaps due to weakness in the overall equities markets, or perhaps if earnings are surprisingly bad, then support levels to watch are S1 and S2. That said, the idea here is to get paid with some PayPal, and the strategy suggests the best way to do that according to the strategy is to stay in a long position for now. So that is the play.
Can the New FDA Nod of Approval Push Gilead to New Highs
U.S. FDA approved Gilead Sciences Inc.’s experimental antiviral drug, remdesivir, for use as it’s showing good signs of helping hospitalised patients recover more quickly from Corona Virus.
From a Trend Analysis perspective - price action has been very choppy with lots of buying and selling in an almost Up-trending consolidation.
We expect Gilead to push higher with this recent news coupled with it Beating Earning Expectations for Q1 2020. This stock isnt a value stock with a PE of 18x and a Price to Book of 4x but it isn't overly expensive considering its growth potential (PEG 5yr 0.57).
UNITED AIRLINES; Ready for Take Off or Have We Not Even Landed?✨ We provide charts every day ✨
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Good morning, this is your captain speaking 👨✈️, looks like United Airlines (UAL) may be in for turbulence depending on the reaction at support here. Today we are looking to see if UAL is going to retain its short term uptrend, giving us a smooth landing, or if we are going to be looking at a double bottom or lower.
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1. Fractal Trend is showing a downtrend (Red background color) for UAL on the hourly chart.
2. Breakaway Scalper is currently neutral (Grey bar color), so we have no trade.
3. With this strategy we enter long ONLY when Fractal Trend shows a Green background and Breakaway Scalper shows a Green bar color. We enter short on opposite conditions (Red on Red) and otherwise want to be in cash.
4. While there is still a question if airlines in general are bottoming or are going to see more downside (many airline charts look like this, as does the airline ETF JETS), for now we are still holding support as illustrated on the chart.
5. If supports holds, we will be looking for reactions at R1 and R2 resistance. After that we have the top of the current price structure at R3 and then otherwise bearish order blocks at R4 - R6 which were formed on the way down.
6. Support levels below include the bullish order blocks at S1 - S3.
7. It is likely the fate of the airlines is tied overall to the market's reaction to the state of COVID and the economy. Do we reopen and start getting back to normal? That is of course bullish for airlines. Do we try to come out of hiding only to see our shadow and then find ourselves with weeks more of lockdown? In that case there could be a chance airlines haven't even landed yet.
SHOPIFY; SHOP Till You Drop... Should We Go Long Into Earnings?✨ We provide charts every day ✨
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Heeeeeey, u up? Sorry, talking to this SHOPIFY chart, and the answer is "oh yeah!" Honestly, if you like bullish charts, then you'll love SHOP. SHOP has had an absurdly profitable run since 2016, and our Momentum Mover strategy has constantly caught runs in that uptrend. Let's see how this current long plays out.
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1. Everyone is home from Coronavirus and expecting good earnings potential. Short to Long ratio volume is having an uptick as of the last week so short squeeze maybe? Looking for a long setup based mainly on these reasons and here is how we will try and act on these factors.
2. Fractal Trend is showing an uptrend (Green background color) for SHOP on the hourly. With our Momentum Mover strategy we take long positions when Fractal Trend signals an uptrend AND then Breakaway Scalper signals a long entry in the uptrend by showing a Green bar color. We only trade with the trend, and the trend is good with SHOP.
3. Right now we are seeing R1 acts as resistance forming what could potentially be a local top (but for now just looks like consolidation).
4. If we get a break down from R1 we will look at S1 - S4 for support. Ideally we will see S2 or S1 hold to ensure a higher low and a that the bullish structure of the uptrend is retained.
5. Whenever we find support and get a Long entry, we will be using Breakaway Scalper's built in static stop (yellow line) to lock in profit or limit losses based on how much upside we have seen.
TILRAY; Going Up... or Going Up in Smoke?✨ We provide charts every day ✨
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Yoooooo, what is up family? Tilray has been bearish since its epic run back in 2018. That said, we are finally seeing some green here (pun intended). Looks like we are about to get a confirmed uptrend, let's break down the logic behind our Tilray strategy.
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STRATEGY USED:Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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1. Fractal Trend is showing downtrend (Red background color) for TILRAY on the 1 hour chart. That means we only take short positions based on Breakaway Scalper (Red bar color) until that changes.
2. Fractal Trend is attempting to close Green, which will signal an uptrend. That will mean we are cleared to take a long position next time Breakaway Scalper signals an uptrend (Green bar color).
3. To the downside we will be looking for reactions at the bullish order blocks at S1, which price is currently testing, and at S2. If we go lower than S2, then that and it would simply look like a continuation of the downtrend for Tilray.
4. To the upside we will be looking at the bearish orderblocks at R1 - R3 for resistance.