Technical analysis for tsla
6/14/2024 11:52am
Here is a technical analysis for Tesla (TSLA) based on the available data:
1. **Moving Averages**: The stock is currently trading above its 50-day simple moving average (SMA) of $176.30 and the 200-day SMA is approximately $216.44. This indicates a potential upward momentum as the stock is above these key short-term and long-term averages.
|Ticker|Name|50-Day Moving Average|200-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|
|TSLA.O|Tesla|172.4750|209.6787|20240613|TSLA|185|
2. **MACD (Moving Average Convergence Divergence)**: The MACD is currently at 1.44, which is a bullish signal. The MACD is the difference between a fast and a slow Exponential Moving Average (EMA), and a positive value like 1.44 suggests that the stock may be gaining momentum.
3. **RSI (Relative Strength Index)**: The RSI is at 53.62, which is neither in the overbought nor oversold territory. An RSI between 30 and 70 is typically considered neutral, indicating that the stock is not currently overextended or undervalued.
|Ticker|Name|RSI|Date|code|market_code|
|---|---|---|---|---|---|
|TSLA.O|Tesla|65.8819|20240613|TSLA|185|
4. **Bollinger Bands**: The stock is currently trading within the Bollinger Bands, which is a normal range for the stock price. This suggests that the stock is not experiencing any extreme volatility at this time.
|Ticker|Name|Boll|Date|code|market_code|
|---|---|---|---|---|---|
|TSLA.O|Tesla|177.1220|20240613|TSLA|185|
In summary, the technical analysis for TSLA indicates a bullish trend with the stock trading above key moving averages and a positive MACD. The RSI suggests a neutral market sentiment, and the stock is currently within the Bollinger Bands, indicating normal volatility. These indicators should be used in conjunction with fundamental analysis and market conditions to make informed investment decisions.