Stock Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
TESLA INC (NASDAQ:TSLA)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TSLA
The long term trend has been DOWN since Nov 2nd, 2017 at 311.2200
The intermediate term trend has been DOWN since May 18th, 2018 at 275.2300
The short term trend has been UP since May 21st, 2018 at 289.1873
Smart Scan Analysis for TSLA
Based on a pre-defined weighted trend formula for chart analysis, TSLA scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||360.5||Year High Date||2018-01-23|
|Year Low||244.59||Year Low Date||2018-04-02|
|52wk High||389.61||52wk High Date||2017-09-18|
|52wk Low||244.5901||52wk Low Date||2018-04-02|
|Year End Close||33.87||Average Volume||6,808,351|
|Shares Outstanding||113,779||Short Interest||26,408,268|