Tesla (TSLA) Closes Last Hour Up $9.46; Moves Up For the 10th Day In A Row

The Hourly View for TSLA

Last Updated January 8, 2021, 02:05 GMT

At the time of this writing, Tesla’s price is up $30.94 (4.09%) from the hour prior. Tesla has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 is up 7.94% ($60.06) since the day prior, marking the 10th day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 9.98% from the day prior, and up 52.3% 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 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Tesla Inc’s price has gone up 10 them.

Overheard Around the Web

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

    $TSLA Hi all. If you want to get in on potentially the next Bitcoin before it goes public, you should look into the Pi app. It allows you to mine pi from your phone and is free to download from the AppStore. Pi is pretty much a new cryptocurrency developed by Stanford PHDs and will be going public soon. For now you can mine it for free from your phone. If you’re interested, just download the app; however you need an invite code to get started. You can use mine if you’d like. It is: Rsilverman19.
    I’ll see you there :)📈😃

    Silvertradrr998