Tesla (TSLA) Price Near $661.93; in an Uptrend Over Past 90 Days, Moves Up For the 2nd Day In A Row

The Hourly View for TSLA

Last Updated December 25, 2020, 02:07 GMT

At the moment, Tesla’s price is up $3.73 (0.58%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Tesla has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Tesla Inc Daily Price Recap

Tesla Inc closed yesterday up 2.44% ($15.79); this denotes the 2nd day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 29.18% from the day before — and down 49.47% from the same day the week before. Here is a daily price chart of Tesla Inc.

TSLA

Tesla Inc Technical Analysis

Volatility for Tesla Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Tesla Inc’s price has gone up 8 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to TSLA:

    $TSLA

    One take away from the weird year.
    2020 was the year that i got INVESTED….
    First part of the year was played around with various stocks cashed out and paid off my bmw. Around July I got back into it and my portfolio currently is 100% Tesla. Will continue to add to my holdings with Tesla buying during dips and bi weekly. Also going to start to diversify with some other company’s/dividend stocks here are my current goals.

    EOY 2020 –

    2021 Goals

    – [ ] $ 30,000
    – [ ] $ 40,000
    – [ ] $ 50,000
    – [ ] Possibly $ 60,000

    SPCEKOOlAID