TA indicators combined showed that Tesla stock analysis is neutral
$Tesla(TSLA.US$ Bollinger bands indicator showed that Tesla cross above the middle band and is relatively bullish. MACD showed death cross which is relatively bearish.
Beware if someone frequently share negative bias articles about Tesla (almost daily) and tell you that the stock is bearish based on just one TA indicator and chart. In fact, combined TA indicators showed that Tesla stock is neutral.
The best practice is to use a combination of TA charts and indicators, know the limitations of charts and indicators and verify the data with the macroecomic factors (earnings, company profile, competitor performance etc). You can read the related articles here:
1) Technical analysis Wedge Pattern and MACD Indicator Limitations
2) Limitations of Candlestick Patterns You Need to Know
1) Technical analysis Wedge Pattern and MACD Indicator Limitations
2) Limitations of Candlestick Patterns You Need to Know
You can check 15 TA indicators and charts easily by using Moomoo apps - Interpretation of Indicator (need not see chart drawn by others).
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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72734102 : Isn’t it in 2024 the new 25,000 model Tesla is hitting the market!
ZnWCOP 72734102: Tesla maintains a production target of 1.8 million vehicles in 2023. With today’s report, the company has produced 1.35 million, meaning it’s about three-quarters of the way to its annual target.