Tesla (TSLA, $425.3) was one of top quarterly gainers, jumping +52.52% to $425.3 per share. Tickeron A.I.dvisor analyzed 18 stocks in the Motor Vehicles Industry over the last three months, and discovered that 14 of them (80%) charted an Uptrend while 4 of them (20%) trended down. Tickeron A.I.dvisor found 361 similar cases when TSLA's price jumped over 15% within three months. In 266 out of those 361 cases, TSLA's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for TSLA are 74%. Current price $430.70 is above $377.42 the highest support line found by Tickeron A.I. Throughout the month of 09/04/20 - 10/07/20, the price experienced a +2% Uptrend, while the week of 09/30/20 - 10/07/20 shows a -0.86% Downtrend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 07, 2020. You may want to consider a long position or call options on TSLA as a result. Tickeron A.I. detected that in 53 of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 78%.
Following a +6.94% 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in 236 of 308 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
The Aroon Indicator entered an Uptrend today. In 216 of 288 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 75%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 07, 2020. You may want to consider a long position or call options on TSLA as a result. Tickeron A.I. detected that in 53 of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 78%.
Following a +6.94% 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in 236 of 308 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
The Aroon Indicator entered an Uptrend today. In 216 of 288 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 75%.