Tesla Inc Technical Analysis (NASDAQ:TSLA)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Tesla Inc stock price data and volume are plotted in TSLA stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Tesla Inc. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Tesla Inc stock analysis.
Tesla Inc Moving Average
Moving averages help predict the price direction of TSLA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Tesla Inc are mostly signals of long term trends and will help long term traders.
Tesla Inc Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Tesla Inc. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Tesla Inc bollinger bands.
Tesla Inc Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Tesla Inc MACD indicator is below 0 indicating a bearish trend.
Tesla Inc Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of TSLA stock is 86.56.