Tesla is Up for the 2nd Day in a Row

The Hourly View for Tesla

  • Currently, TSLA’s price is up $7.78 (0.74%) from the hour prior.
  • This is the 2nd hour in a row Tesla has seen its price head up.
  • 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 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.

TSLA

The Daily View for Tesla

  • At the time of this writing, TSLA’s price is up $8.51 (0.8%) from the day prior.
  • The daily chart shows that Tesla has seen 2 straight up days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • 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.

TSLA

Featured Tesla Idea From TradingView

Below is a trading comment entitled TSLA – D :: Tesla Is a Goldman Sachs Top Pick for 2022 you may find interesting:

Wall Street is getting more bullish about Tesla stock, but greater optimism among analysts hasn’t been enough to lift the price, given fear of higher interest rates.On Sunday, Goldman Sachs analyst Mark Delaney increased his price target for Tesla stock to $1,200 from $1,125, while maintaining a Buy rating. Delaney also named Tesla a top pick for 2022.Delaney believes Tesla is the leader in electric vehicles and that EV tr…

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