Tesla (TSLA) Closes Prior Hour Down -0.08%; in an Uptrend Over Past 14 Days, Heads Up For the 8th Straight Day

The Hourly View for TSLA

Last Updated January 6, 2021, 02:013 GMT

At the moment, Tesla’s price is down $-7.68 (-1.05%) from the hour prior. The hourly chart shows that Tesla has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 0.73% ($5.34) since yesterday, marking the 8th straight day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 39.09% from the day before — and down 8.21% from the same day the week before. Here is a daily price chart of Tesla Inc.

TSLA

Tesla Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Tesla Inc’s price has gone up 10 them.

Overheard Around the Web

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

    $QQQ $DIA $SPY $AAPL $TSLA

    Trump would have likely been re-elected and probably a strong hold on the senate if not for covid.

    This is what science denial got you toothless incestuous hicks

    To think he and the senate were taken down by a single cell organism that doesn’t even have a brain, how fitting 😂

    kayman123