Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TSLA's RSI Oscillator exited the oversold zone, 16 of 18 resulted in an increase in price. My analysis proposes that the odds of a continued upward trend are 89%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 37 of 52 cases where TSLA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. My analysis proposes that the odds of a continued upward trend are 71%.
The Momentum Indicator moved above the 0 level on April 01, 2021. You may want to consider a long position or call options on TSLA as a result. In 58 of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 79%.
The Moving Average Convergence Divergence (MACD) for TSLA just turned positive on March 31, 2021. Looking at past instances where TSLA's MACD turned positive, the stock continued to rise in 36 of 47 cases over the following month. The odds of a continued upward trend are 77%.
Following a +9.27% 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in 246 of 318 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
TSLA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
News
DETROIT (AP) — Tesla says it delivered nearly 185,000 electric vehicles in the first quarter despite a shortage of computer chips that has hit the global auto industry.
The number was more than double the deliveries for the same period last year. And it beat Wall Street estimates of 168,000 for January through March. The company says in a statement that the Model Y small SUV in China has been well received.
Tesla lists no production figures for its older models, the S sedan and X SUV, during the quarter, but it delivered just over 2,000 of them. It says new equipment has been installed at the Fremont, California, factory and production of new versions is in the early stages.
The strong sales are a sign that demand for the company's relatively expensive vehicles remains strong despite the pandemic. Analysts polled by data provider FactSet estimate that the average selling price of a Tesla is $49,100.
Shares of Tesla Inc. are down more than 9% so far this year as some of the shine wore off electric vehicle and tech stocks, which had experienced a big runup last year. The stock closed Thursday down just under 1% at $661.75. Markets are closed for the Good Friday holiday.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TSLA's RSI Oscillator exited the oversold zone, 16 of 18 resulted in an increase in price. My analysis proposes that the odds of a continued upward trend are 89%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 37 of 52 cases where TSLA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. My analysis proposes that the odds of a continued upward trend are 71%.
The Momentum Indicator moved above the 0 level on April 01, 2021. You may want to consider a long position or call options on TSLA as a result. In 58 of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 79%.
The Moving Average Convergence Divergence (MACD) for TSLA just turned positive on March 31, 2021. Looking at past instances where TSLA's MACD turned positive, the stock continued to rise in 36 of 47 cases over the following month. The odds of a continued upward trend are 77%.
Following a +9.27% 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in 246 of 318 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
TSLA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
News
DETROIT (AP) — Tesla says it delivered nearly 185,000 electric vehicles in the first quarter despite a shortage of computer chips that has hit the global auto industry.
The number was more than double the deliveries for the same period last year. And it beat Wall Street estimates of 168,000 for January through March. The company says in a statement that the Model Y small SUV in China has been well received.
Tesla lists no production figures for its older models, the S sedan and X SUV, during the quarter, but it delivered just over 2,000 of them. It says new equipment has been installed at the Fremont, California, factory and production of new versions is in the early stages.
The strong sales are a sign that demand for the company's relatively expensive vehicles remains strong despite the pandemic. Analysts polled by data provider FactSet estimate that the average selling price of a Tesla is $49,100.
Shares of Tesla Inc. are down more than 9% so far this year as some of the shine wore off electric vehicle and tech stocks, which had experienced a big runup last year. The stock closed Thursday down just under 1% at $661.75. Markets are closed for the Good Friday holiday.