Tesla

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Technical Analysis – Tesla stock maintains positive picture; rally takes a breather

Posted on November 21, 2019 at 12:01 pm GMT

Tesla sellers are currently attempting to halt further gains past the 360 hurdle. The stock gapped above the 200-day simple moving average (SMA) and the 266 swing high of July 24, overstretching the price, resulting in nearly all the declines from December 2018 to June 2019 being recouped. The short-term oscillators presently continue to reflect an improving picture but warn that the sentiment could shift to the downside. The MACD remains deep in the positive region but has marginally slipped [..]

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Tesla reports Q3 earnings today but nothing encouraging expected – Stock Market News

Posted on October 23, 2019 at 2:58 pm GMT

The electric car maker Tesla is scheduled to report earnings for the third quarter today after the market close, with forecasts pointing to another weak period. Recommendations are leaning towards selling the stock. Cost efficiency is the goal Tesla announced a smaller increase in car deliveries for the third quarter than markets anticipated at the start of October and although this was also below the 100,000 quarterly target set by the ambitious CEO Elon Musk, the company managed to achieve a new [..]

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Technical Analysis – Tesla stock unable to breach swing high; returns to 200-day SMA

Posted on October 23, 2019 at 7:51 am GMT

Tesla stock currently holds at the 200-day simple moving average (SMA) located at 254, which is also the 38.2% Fibonacci retracement of the down leg from 379.21 to 176.65. Sellers reversed the price – ahead of the resistance at 266 from July 24 – back down, denying further gains. The short-term oscillators are cautiously skewed towards a price improvement. The MACD, remaining above its red trigger line in the positive zone, has declined closer to it. Moreover, in the bullish [..]

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Tesla’s Q2 earnings in focus after all-time high sales – Stock Market News

Posted on July 19, 2019 at 1:39 pm GMT

Tesla’s share price soared sharply higher by 42% after hitting three-year lows in early June but the rally may come under test next week when the electric-car maker announces its earnings results for the second quarter. The report will be available for review on Wednesday after Wall Street’s closing bell and even though analysts expect improvement, the company must prove that it can return to profit for its stock to keep running towards the way-above December peaks. Making profits could [..]

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Technical Analysis – Tesla stock rebounds, but remains in a downtrend

Posted on June 26, 2019 at 12:00 pm GMT

Tesla’s stock rebounded in early June after touching a 2½-year low of 175.0, but the market remains below a longer-term downtrend line drawn from the highs of December 2018, keeping the broader outlook negative. The lower highs and lower lows on the daily chart, combined with price action taking place under the 50- and 200-day simple moving averages (SMAs), reinforce this view. Momentum indicators paint a neutral short-term picture, with the RSI barely above 50, and the MACD flirting with [..]

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Technical Analysis – Tesla stock rebounds on descending channel after touching 28-month low 

Posted on May 22, 2019 at 11:48 am GMT

Tesla’s stock price has been developing within a descending channel over the last five months and during the previous period it challenged the return line once again. Also, the stock recorded a fresh 28-month low of 197.88. Looking at the short-term momentum indicators, they paint a cautiously positive picture. The RSI seems headed for a test of its 30 zone as it is turning higher, while the stochastic oscillator posted a bullish cross within the %K and %D lines in the oversold zone, suggesting [..]

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Technical Analysis – Tesla stock hovers in downward sloping channel above 23-month low

Posted on May 10, 2019 at 11:03 am GMT

Tesla’s stock price has been trading within a downward sloping channel over the last five months. Looking at the short-term momentum indicators, they paint a cautiously negative picture. The RSI seems headed for a test of its 30 zone, while the stochastic is heading south in the daily timeframe. The ‘death cross’ within the 50- and 200-day simple moving averages (SMAs) is still holding, suggesting more losses. In case of another wave of declines in the market, sellers could encounter [..]

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Technical Analysis – Tesla stock remains confined within a long-term range

Posted on February 22, 2019 at 2:05 pm GMT

Tesla’s stock has been trading within a wide sideways range – between 380.0 and 214.0 – since March 2017. The long-term outlook is therefore neutral, as is the short-term one, with the price oscillating between 324.0 and 280.0 for one month now. Looking at short-term momentum indicators, they paint a cautiously negative picture. The RSI seems headed for a test of its 30 zone, while the MACD has just crossed below its red trigger line. In case of another wave [..]

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Technical Analysis – Tesla stock rebounds on 280 but remains in long-term trading range

Posted on January 30, 2019 at 1:24 pm GMT

Tesla stock price has been trading within a consolidation zone over the last 18 months with upper boundary the 387 resistance level and lower boundary the 245 support barrier. Looking at the short-term timeframe, the price rebounded on the 280 level, while the technical structure confirms the positive bias. The stochastic oscillator continues to move higher towards the overbought level. Another wave of advances in the stock could stall initially near the 200-day simple moving average (SMA), which stands near 314. An upside break [..]

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European Open Preview – Brexit stays in limbo; Fed decision eyed

Posted on January 30, 2019 at 8:50 am GMT

Fed decides; Powell’s remarks on the balance sheet may be crucial Pound slides as Brexit uncertainty seems set to remain elevated US-China trade talks commence; plethora of earnings and data also due FOMC meeting – emphasis on Powell’s balance sheet remarks The main event today will be the Fed policy decision at 1900 GMT, which will be followed by a press conference from Chairman Powell – as will every meeting from now on. No change in policy is expected, and [..]

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