Tesla Motors Inc (NASDAQ:TSLA) Target $100 as Dilution Bites Shareholders

Tesla Motors Inc (NASDAQ:TSLA) Target $100 as Dilution Bites Shareholders

Tesla Motors Inc (NASDAQ:TSLA) Target $100 as Dilution Bites Shareholders

Tesla Motors Inc (NASDAQ:TSLA) is out with another round of dilution and there may well be many more to come, the company is struggling under the weight of Musk’s desperate attempts to stay relevant as the competition in the space kicks in from real car makers.

TESLA MOTORS closed down -0.370 at 210.800. Volume was 57% below average (consolidating) and Bollinger Bands were 29% wider than normal.

Open High Low Close Volume___
213.620 216.470 210.000 210.800 2,340,293

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 209.13 232.74 222.95
Volatility: 30 44 55
Volume: 3,991,816 5,416,789 4,746,307

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

TESLA MOTORS is currently 5.5% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of TSLA.O (mildly bearish). Our trend forecasting oscillators are currently bearish on TSLA.O and have had this outlook for the last 15 periods.

HEFFX Momentum, Use as a guide to shorting, sell the rally

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 42.5760. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 37.22. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 1 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -24. This is not a topping or bottoming area. The last signal was a buy 6 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 26 period(s) ago.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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