Founded in 2003, Tesla (TSLA) is a company that has been at the forefront of innovation in the automotive industry.
Technical analysis is a popular method used by traders to analyze the movements of a stock price. Technical analysis involves analyzing past market data, such as price and volume, to predict future price movements. Traders use a variety of tools and techniques to perform technical analysis, including chart patterns, indicators, and trend lines.
One of the most popular indicators used in technical analysis is the Aroon Indicator. The Aroon Indicator is a trend-following indicator that measures the strength of a trend and the potential for a reversal. The Aroon Indicator consists of two lines: the AroonUp line and the AroonDown line. The AroonUp line measures the strength of the uptrend, while the AroonDown line measures the strength of the downtrend.
On February 28, 2023, Tesla's Aroon Indicator triggered a bullish signal. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy call options.
To confirm this bullish signal, Tickeron's A.I.dvisor looked at 283 similar instances where the Aroon Indicator showed a similar pattern. In 242 of the 283 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 86%.
In addition to technical analysis, traders also pay close attention to a company's earnings. Tesla's earnings have been a topic of discussion for years, with the company experiencing both highs and lows. In January 2023, Tesla reported better-than-expected earnings for the fourth quarter of 2022, which helped to boost the stock price.
Tesla is a company that has been at the forefront of innovation in the automotive industry. Its stock price has been volatile in recent years, making it a popular choice for traders. Using technical analysis, the Aroon Indicator is signaling a potential bullish move, and combining this with the company's strong earnings, it appears that Tesla may be a good opportunity for traders.
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
TSLA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 301 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 10-day RSI Indicator for TSLA moved out of overbought territory on October 01, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 07, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TSLA as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TSLA turned negative on October 03, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
TSLA moved below its 50-day moving average on October 11, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for TSLA crossed bearishly below the 50-day moving average on October 21, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
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 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 86, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (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 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).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of electric sports cars
Industry MotorVehicles