Tesla Came Into Today Up 0.61%

The Hourly View for Tesla

  • At the time of this writing, TSLA’s price is down $-2.94 (-0.41%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Tesla has now gone down 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Tesla’s hourly price chart is shown below.


The Daily View for Tesla

  • At the moment, TSLA’s price is up $4.3 (0.61%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between TSLA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in TSLA’s price.

Below is a daily price chart of Tesla.


Featured Tesla Idea From TradingView

Below is a trading comment entitled TSLA: Pay attention to these KEY POINTS! you may find interesting:

Hello traders and investors! Let’s see how TSLA is doing today!First, since it did a false breakout from our purple line at $ 635, TSLA is very bullish. It broke the 21 ema, and it broke the resistance at $ 700 (black line). Now, both the 21 ema and the line at $ 700 are support levels (remember the Principle of Polarity in Technical Analysis).Tesla is supposed to remain bullish, as long as it stays above these support levels. If we lose them, we’ll probably seek the…