TSL Stock GraniteShares 1.25x Long Tsla Daily ETF (TSL, $14.84) Aroon Indicator entered an Uptrend on November 20, 2024.
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TSL's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for TSL turned positive on October 24, 2024. Looking at past instances where TSL's MACD turned positive, the stock continued to rise in of 17 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
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 TSL as a result. In of 29 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
TSL 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 TSL 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 7 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 3-day Advance, the price is estimated to grow further. Considering data from situations where TSL advanced for three days, in of 139 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 96 cases where TSL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for TSL moved out of overbought territory on November 20, 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 12 similar instances where the indicator moved out of overbought territory. In of the 12 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TSL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TSL broke above its upper Bollinger Band on November 08, 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.
General Information
Category Trading