Tslaanalysis
$TSLA Tesla-Simple Technical$TSLA Tesla Motors This Week Analysis
NOTES:
-There was an RSI Convergence between December 01-08
-- WHAT IS RSI CONVERGENCE?: RSI is showing an uptrend while the chart is showing down. There will be an upward price movement/change. This is opposite of RSI DIVERGENCE
-$TSLA is currently at $981/s
-Watch the line at $945 -- if it tests the line there should be upward movement -- if it breaks the line in downtrend it will move lower.
- AFTER RSI CONVERGENCE there should be an upward trend movement this week
- Price should bounce at 995 and move towards 1,100
Elon Musk dumps another $1 Billion TSLA StockIf you haven`t sold when he got the answer "yes" on twitter for selling his shares:
Then you should know that Elon Musk sold another 934,091 TSLA shares, according to filings with the SEC published on Thursday.
The shares are worth $963.2 million.
Ark Invest also sold TSLA shares.
What is your next move?
TSLA Analysis, Double Top !!Hello everyone, as we all know the market action discounts everything :)
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TSLA is currently trading in the upper part of its 52-week range. The S&P500 Index is also trading in the upper part of its 52-week range, so TSLA is performing more or less in line with the market.
The long-term trend is positive and the short-term trend is neutral. The long-term trend may just continue or reversal may be around the corner!
A double top pattern has been spotted on the daily chart which could lead the TSLA stock back to the $850 levels.
Possible Scenario for the market :
The market is trading at $1014.97 and it's nearing the neckline of the double top pattern located at the $1001 range, if a breakout happens of that line we could be seeing the TSLA stock drop to the $850 level. and a lot of the indicators are showing Bearish signs that would support the double top pattern.
In case the support line held strong then we could be seeing a Bullish movement that will lead the TSLA stock price back to the resistance level located at $1112.85
Technical indicators show :
1) The market is below the 5 10 20 MA and EMA indicating a Bearish short-term trend, But still above the 50 100 and 200 MA and EMA (Bullish long-term trend)
2) The RSI is at 44.20 showing some weakness in the market.
3) The MACD is below the 0 line indicating a bearish state in the market with a negative crossover between the Signal line and the MACD line.
Support & Resistance points :
support Resistance
1) 1029.10 1) 1168.14
2) 976.28 2) 1254.36
3) 890.06 3) 1307.18
Fundamental point of view :
Tesla Inc has asked a U.S. court to affirm an arbitrator's recent decision dismissing a former engineer's claims that the automaker fired and defamed her for raising concerns about defective floormats and contracting practices.
TSLA has a Return On Assets of 6.00%. This is better than the industry average of -1.33% and The Earnings Per Share has grown by an impressive 174.51% over the past year.
Looking at the last year, TSLA shows a very strong growth in Revenue. The Revenue has grown by 66.27% and based on estimates for the next 5 years, TSLA will show a very strong growth in Revenue. The Revenue will grow by 35.52% on average per year.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
$TSLA consolidating triangle $TSLA hit $1200 for a gap filled and is now consolidating its way down, looking for it to hold support around the $1025 area. As long as price stay above previous low of $980, Tesla should stay consolidating in this triangle pattern before breaking to the upside targets of $1400+. A break below $980 can then $TSLA can possibly go down to fill the open gap at $900.
TSLA had a beautiful bounce from support Using Aspen Trading Support & Resistance Levels, TSLA has bounced from 982 support and can face the resistance at 1208.
A move above 1208 level will see further upside to TSLA.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
TSLA 4H NEAR FUTURE PREDICTIONTechnical Analysis Summary
TSLA/USD
TREND ANALYSIS
We have 1 down trend which is currently active in red
We have1 down trend in red that has already been broken and thus the reversal
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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$TSLA Tesla Bounced off the support line$TSLA
Has bounced off the support line and heading towards the ATH-Resistance line only if it breaks mid support.
Analysis:
- AS PREVIOUSLY charted, by November 12th $TSLA has hit the $945 Support line.
- It has bounced off the Support line and trending higher.
- WATCH for a break. When BREAK occurs it will trend towards the ATH-Resistance levels.
- (A) IF $TSLA breaks the line it will trend higher
- (B) IF $TSLA tests the break and cannot break it will trend lower.
TAKE AWAY:
- Keep an eye for the break.
TSLA matters a lot to the overall market Using Aspen Trading Support & Resistance Levels, a move below 978 is going to break the support and things can get ugly really quickly from that point for TSLA.
The overall market can also get impacted if the 1.2 trillion market cap of TSLA shrinks in size.
Please provide your feedback in comments if you like the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
TSLA - New ATH in 3 Week or is a cold winter on tap?NASDAQ:TSLA has seen some explosive growth recently, but this week we’ve seen news of Elon selling affecting the stock along with some other events that have hurt the Nasdaq at times. What are we looking at for the foreseeable future?
Looking at the weekly chart, there are a few possible scenarios playing out:
1. A Brand New ATH
1. It looks like it could be possible that TSLA will rebound from it’s current downtrend. We’re currently sitting at what is a decision point for the asset and could see turn around as soon as next week open, or a further drop, with turn around in the $900-910 price range. A powerful bounce here could send us rocketing to a new ATH around the week of Nov 22nd. Some drop before pop would also help us in closing that window everyone is probably looking at.
2. We’re entering a cold winter
1. Will we see mass sell off? It looks like there is currently a lot of room to drop to test the main trend arc of our wave. A drop here could see us attempting to bring the RSI down to the bottom of our arc for a reset. There is a strong downward force that could see us under selling pressure well into the high $600s until late Feb. 2022. While drastic, this could be a very healthy move for the asset and allow it the space it needs to move up again properly. Keep an eye for pressure against the wall of the arcs for potential relief of further rejection down as time progresses. This scenario does align well with the Fibonacci time sequence of previous waves.
Overall trend is currently on an upwards trajectory
* This Content is for informational purposes only. You should not construe any such information or other material as investment, financial, or other advice.