Tesla, Inc. (NASDAQ:TSLA) board of directors must stand trial to defend CEO Elon Musk’s multibillion dollar pay package
esla’s (NASDAQ:TSLA) board of directors must stand trial to defend CEO Elon Musk’s multibillion dollar pay package, according to a ruling from a Delaware judge, after a shareholder suit alleged corporate waste and unjust enrichment.
Tesla valued the package at $2.6B on its 2018 proxy statement, but if its market value ballooned, as the plan predicted, those stock awards could be worth nearly $56B.
The company – which has yet to post an annual profit – did not meet any of its performance milestones last year, so Musk received no compensation.
Overall, the bias in prices is: Upwards.
By the way, prices are vulnerable to a correction towards 236.87.
The projected upper bound is: 262.58.
The projected lower bound is: 218.74.
The projected closing price is: 240.66.
A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 37.8302. This is not an overbought or oversold reading. The last signal was a sell 5 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 55.65. 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 sell 40 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 35. This is not a topping or bottoming area. The last signal was a sell 4 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 14 period(s) ago.
Rex Takasugi – TD Profile
TESLA INC closed down -5.980 at 240.620. Volume was 27% below average (neutral) and Bollinger Bands were 1% narrower than normal.
Open High Low Close Volume___
246.490 246.946 238.160 240.620 6,506,264
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 242.38 235.07 264.33
Volatility: 36 59 61
Volume: 5,791,603 6,932,354 8,992,948
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.
TESLA INC is currently 9.0% below its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of TSLA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TSLA.O and have had this outlook for the last 8 periods.
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