Tesla (TSLA) Closes Last Hour Down $-11.64; 2 Day Up Streak Snapped, But Still in an Uptrend Over Past 30 Days

The Hourly View for TSLA

Last Updated December 22, 2020, 02:010 GMT

At the time of this writing, Tesla’s price is down $-1.06 (-0.16%) from the hour prior. The hourly chart shows that Tesla has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists 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 entered today at $649.86, down 6.49% ($45.14) from the day prior. This move happened on lower volume, as yesterday’s volume was down 71.73% from the day before — and down 6.4% from the same day the week before. The daily price chart of Tesla Inc below illustrates.

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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Tesla Inc’s price has gone up 17 them.

Overheard Around the Web

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

    $AAPL $HCAC $GOEV
    Apple buying cnoo ev company! 🤔
    Think about it,  is probably trying to get into the ev market. But they don’t have the infrastructure to build cars to compete with the likes of $TSLA. So, they will likely buy an innovative startup where canoo fits the picture perfectly.
    Hcac merge and aaple icar news on the same day can be more than coincidence

    Tyson_Dragneel