Tesla Inc (TSLA) Down 9.02%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Tesla Inc 4 Hour Price Update

Updated September 04, 2020 04:31 PM GMT (12:31 PM EST)

TSLA traders saw its share price fall -1.02% ($-4.15) over the past four hours of trading. For context, Tesla Inc’s peers in the in the Automobiles and Trucks industry are down -0.82% on average in this time, while its counterparts in the broader Consumer Cyclical sector are down by an average of -0.56%.

Tesla Inc Daily Price Recap

Tesla Inc closed yesterday down 9.02% ($40.37); this denotes the 3rd consecutive day a decrease has occurred. The change in price came along side change in volume that was down 10.84% from previous day, but up 60.07% from the Thursday of last week. The daily price chart of Tesla Inc below illustrates.

TSLA

Tesla Inc Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

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

    $TSLA is going up so looks like risk on for markets. This stock is the bellwether for risk taking or lack thereof. Easily the biggest bubble stock in markets and the most important to keep track of to see if all the other lofty valuations continue to hold.$SPY $QQQ

    JLInvest