Tesla Motors Inc Nasdaq Tsla Stock Technicals Hit Strength

Tesla Motors Inc (NASDAQ:TSLA) Stock Technicals Hit Strength

Tesla Motors Inc technical rating as of
(TSLA Stock Price as of Publication: $242.67)

This is a technical analysis stock rating for Tesla Motors Inc (NASDAQ:TSLA) . The company has a four bull technical rating which indicates some strength. The risk here is a potentially overbought situation, but for now, the stock price is moving slightly higher and does have room to rise before it hits an overbought technical rating of five bulls.

TSLA is up +19.2% over the last three months and up +7.7% over the last six months. The stock price is up +18.5% over the last year. The current stock price is $242.67.

TSLA Stock Returns
The technical rating goes from one, the weakest upside technical, to five, the highest upside technical and focuses on the real-time stock price relative to various moving averages as well as moving averages relative to each other. This is a proprietary weighted technical model built by Capital Market Labs (CML).

Note the stock price at publication ($242.67), since the technical rating is based on intraday stock prices.

Technicals   |   Support: 226.75   |   Resistance: 265.42   

Death Cross Alert: The 50 day moving average is now below the 200 day moving average.
Swing Golden Cross Alert: The short-term 10 day moving average is now above the 50 day moving average.

Tesla Motors Inc has a four bull technical rating because, while it is trading above its 10-, 50- and 200- day simple moving averages and the stock is up 1.81% on the day the day, the 50 day moving average is now below the 200 day moving average.

The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction. It's a mix of art and science, but for the technically focused trader it can be a powerful input to the overall analysis.

Tesla Motors Inc (NASDAQ:TSLA) rating statistics:
10-day moving average: $231.49
50-day moving average: $202.99
200-day moving average: $214.37