Tesla (TSLA) Price Near $665.98; in an Uptrend Over Past 30 Days, Moves Up For the 4th Straight Day

The Hourly View for TSLA

Last Updated December 30, 2020, 02:08 GMT

At the moment, Tesla’s price is down $-1.66 (-0.25%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend 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 0.35% ($2.3) since the day prior, marking the 4th straight day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 31.91% from the day before — and down 60.94% from the same day the week before. Below is a daily price chart of Tesla Inc.

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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 20 out of the past 30 days.

Overheard Around the Web

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

    $TSLA Me, I love everything EV related and this hasn’t been on my radar long — I think it’s a good place to put some money to stay diversified: as things could turn choppy quickly $NIO ⭕️

    Penny Stock perhaps; too cheap to lose out on its potential 🤔

    $COUV — stock soared to $0.32 per share but it is necessary to note that there was no news regarding the company that could have triggered such a rally.

    However, investors could consider taking a look at some of the important development with regards to Corporate Universe this year. Back in October, the company filed a petition in a Federal Court for the cancellation of 89 million shares of its common stock. Such a reduction is almost always welcomed by shareholders.

    On the other hand, in December the company announced that it signed a definitive Letter of Intent to acquire Carbon Ion Energy Storage Ltd. Carbon Ion is involved in electric vehicle technology and signifies a major milestone for Corporate Universe.

    LittleKingRyan