The Hourly View for TSLA
Last Updated December 23, 2020, 02:015 GMT
Currently, Tesla’s price is down $-13.56 (-2.09%) from the hour prior. The hourly chart shows that Tesla has seen 3 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 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 1.46% ($9.52) since the previous day, marking the 2nd consecutive day a decline has happened. The price move occurred on volume that was down 11.52% from the day prior, but up 10.51% from the same day the week before. The daily price chart of Tesla Inc below illustrates.
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. For additional context, note that price has gone down 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about TSLA:
$SPY $QQQ $AAPL $TSLA $PLTR This is how things played out so far:
1. Pelosi wanted more for Covid, 2.2+ Trillion, and more money to families.
2. GOP Senate didn't budge and agreed to 900 Billion and that too unwantedly. If there was no Georgia senator elections, the bill will be even smaller – around 600 Billion.
3. Trump now takes an abrupt U-turn and wanted more for Covid. He literally screwed McConnel with his speech tonight.
Wow, POTUS wants to be a big PIA before he leaves office. But, he had some valid points in his speech and looks like they are sending money all over the world rather than spend it on businesses here + checks for families.
Bill should NEVER be more than 5 pages detailing just the important things that are related to Covid and ONLY Covid!
Congress is helpless and needs to be replaced pronto!!!