The Hourly View for Tesla
- At the moment, TSLA’s price is down $-1.29 (-0.17%) from the hour prior.
- This move is a reversal from the hour prior, which saw price move up.
- As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
- Of note is that the 50 hour changed directions on TSLA; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Tesla’s hourly price chart is shown below.
The Daily View for Tesla
- Currently, TSLA’s price is up $7.06 (0.95%) from the day prior.
- Tesla has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
- Of note is that the 100 day changed directions on TSLA; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
- Divergence between TSLA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in TSLA’s price.
Below is a daily price chart of Tesla.
Featured Tesla Idea From TradingView
Below is a trading comment entitled TESLA : FUNDAMENTAL ANALYSIS + NEXT TARGET LONG ⚡️ you may find interesting:
We can see TSLA stock come back these days. After hitting a record high of $900 in January, Tesla stock lost more than a third of its value, dropping to $563 in March. But they’ve been steadily gaining since then. On Wednesday, Tesla closed the trading session at $753.87, up 34% from this year’s low.In short, Tesla appears to be regaining its success on Wall Street. But should new investors join it?From a business perspective, Tesla is at its peak. It had a great 2020 when it delivered a record 499,550 cars and made its first-ever annual profit. But company executives think 2021 will be even better — and so far, the numbers are backing up that prediction.In the second quarter, Tesla produced and delivered more than 200,000 vehicles — the most of any quarter. Revenues nearly doubled from a year ago to $12 billion. Net income rose more than tenfold to $1.1 billion, driven by a surge in profitability. Tesla’s operating margin also more than doubled to 11% for the quarter, up from 5.4% a year ago. Increased sales led to lower per-unit operating expenses, which in turn improved profitability.Tesla is also generating a serious amount of cash. In fact, the company has generated positive free cash flow in each of the last five quarters, and in the second quarter, free cash flow was $619 million, up 48% from last year. Tesla has already generated a solid balance sheet with more than $16 billion in net cash and cash equivalents. And if it continues to generate positive cash flow, this war chest will increase, even more, giving it fuel for further growth.Tesla has been doing surprisingly well lately. But the bulls say the company is just getting started. First, it is the global market leader in its core electric vehicle (EV) business. As the entire auto industry shifts to electric vehicles, Tesla is well-positioned to take advantage of this secular trend…