Tesla (TSLA) Closes Last Hour Up $3.24; 3 Day Up Streak Ended

The Hourly View for TSLA

Last Updated November 23, 2020, 15:17 GMT

At the moment, TSLA’s price is up $29.08 (5.95%) from the hour prior. This is the 2nd hour in a row TSLA has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 is down 1.93% ($9.66) since yesterday, marking a reversal from the day prior — and the end of a 3 day positive run. The change in price came along side change in volume that was down 47.65% from previous day, but up 88.42% from the Sunday of last week. Let’s take a look at the daily price chart of Tesla Inc.

TSLA

Tesla Inc Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

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

    $ALPP Well. What can say. It would seem that us $NIO and $TSLA bulls seem to be able to look into the future. πŸ’Ž

    I just wanted to congratulate the happy new retails for joining the UAV race.

    God Bless America πŸ‡ΊπŸ‡Έ and thank you China for letting us all make money of your backs Now ship your cars to Europe, please; I am waiting here in London.

    LittleKingRyan