Tesla (TSLA) Closes Last Hour Up $3.23; Tops All mega cap US stocks

The Hourly View for TSLA

Last Updated September 10, 2020, 15:7 GMT

Currently, TSLA’s price is up $17.05 (4.66%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as TSLA has now gone up 5 of the past 5 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 bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Tesla Inc Daily Price Recap

The back and forth price flow continues for Tesla Inc, which started today off at 366.28 US dollars, up 10.92% ($36.07) from the day prior. This move happened on lower volume, as yesterday’s volume was down 29.29% from the day before — and down 22.57% 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 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days.

Overheard Around the Web

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

    $TSLA bulls getting to excited lol see it go up $10 and all of a sudden believe it’s about to break free. Drops $20 and says thanks I’ll buy the dip lmao! How many dips do you buy before your completely invested then it tanks to new lows!

    Dan2040