Tesla (announces $1,510.32) 5-1 stock split
Tesla Inc. announced that it would offer a five-for-one stock split. The electric carmaker's shares climbed following the news.
The stock split would lead to Tesla paying a four share dividend to each stockholder of record on August 21. The payment will come forth on August 28, and shall be reflected in Tesla's share price on August 31.
Analyst Ben Kallo at Baird reaffirmed the neutral rating on Tesla stock while maintaining his price target of $1,658, which is about 21% higher than Tuesday's closing price. "We believe the stock split is a recognition of the fact that the market is increasingly influenced by individual investors, including those looking to gain exposure to next-generation transportation," Kallo mentioned in a note to clients. "The overnight share strength is indicative of investors electing to purchase stocks which are positioned to benefit from the current upgrade cycle for technology around transportation, renewable energy, and the software enabling both."
According to Tickeron, TSLA was in -5.39% Downtrend, declining for three consecutive days on August 11, 2020
As a Bearish sign, keep an eye on this company's ticker for future decline. Considering data from situations where TSLA declined for three days, in 190 of 274 cases, the price rose further within the following month. The odds of a continued Downtrend are 69%.
Current price $1511.22 is above $1499.11 the highest support line found by A.I. Throughout the month of 07/10/20 - 08/11/20, the price experienced a -11% Downtrend. During the week of 08/04/20 - 08/11/20, the stock fell -8%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 24 of 39 cases where TSLA's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 62%.
The Momentum Indicator moved below the 0 level on August 10, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 43 of 66 cases where TSLA's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 65%.
The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 28 of 42 cases where TSLA's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 67%.
Bullish Trend Analysis
The Stochastic Indicator is in the oversold zone -- be on the watch for TSLA's price rising or consolidating in the future. At that time, consider buying the ticker or exploring call options.
The lower Bollinger Band was broken -- a price increase is expected as the ticker heads toward the middle band, which indicates a buy or call consideration for traders. In 31 of 41 cases where TSLA's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued Uptrend are 76%.
The Aroon Indicator entered an Uptrend today. In 207 of 281 similar cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 74%.
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 68%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.01.
The Tickeron Valuation Rating of 99 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: TSLA's P/B Ratio (25.94) is slightly higher than the industry average of (7.63). TSLA's P/E Ratio (715.27) is considerably higher than the industry average of (165.11). TSLA's Projected Growth (PEG Ratio) (3.64) is slightly higher than the industry average of (1.40). Dividend Yield (0.00) settles around the average of (1.88) among similar stocks. P/S Ratio (8.69) is also within normal values, averaging (35622.48).
The Tickeron SMR rating for this company is 88 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 75 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 34 (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 11 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock better than average.
TSLA's RSI Oscillator recovers from overbought zone
The 10-day RSI Indicator for TSLA moved out of overbought territory on October 28, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 instances where the indicator moved out of the overbought zone. In of the 40 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TSLA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TSLA broke above its upper Bollinger Band on October 24, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 24, 2024. You may want to consider a long position or call options on TSLA as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TSLA just turned positive on October 24, 2024. Looking at past instances where TSLA's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
TSLA moved above its 50-day moving average on October 24, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TSLA crossed bullishly above the 50-day moving average on October 28, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 300 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. TSLA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.905) is normal, around the industry mean (6.019). P/E Ratio (40.726) is within average values for comparable stocks, (18.031). Projected Growth (PEG Ratio) (2.067) is also within normal values, averaging (5.553). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (6.305) is also within normal values, averaging (76.807).
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