Tesla (TSLA) Closes Last Hour Up $10.41; Moves Up For the 3rd Day In A Row

The Hourly View for TSLA

Last Updated September 14, 2020, 23:5 GMT

At the time of this writing, TSLA’s price is up $14.75 (3.96%) from the hour prior. TSLA has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 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 came into today up 0.37% ($1.38) from the open of yesterday, marking the 3rd day in a row it has gone up. This move happened on lower volume, as yesterday’s volume was down 28.51% from the day before — and down 31.92% from the same day the week before. The daily price chart of Tesla Inc below illustrates.

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 up 8 out of the past 14 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about TSLA:

    $21.80 is the ATH

    That should fall tomorrow or by mid week with the amount of shorting that went on here today!

    But for wave of shorts came a wave of bulls!

    Problem for bears is that news is coming that will blow the top of this stock both within shares at $SPAQ and at $TSLA battery day!

    New technological battery breakthrough!!

    EPS_MomentuM