Tesla, Inc. (NASDAQ:TSLA) car caught fire
A Tesla Model S caught fire on Tuesday in Los Gatos, California, after getting a flat tire, multiple outlets have reported.
The vehicle’s owner was driving on the highway when the vehicle alerted him that one of its tires had experienced a rapid drop in tire pressure. Minutes after being towed to an auto repair shop, the front end of the Model S reportedly caught fire. The vehicle reportedly reignited in the evening.
The representative said Tesla vehicles catch fire less often than the average vehicle. When a Tesla vehicle does catch fire, the fire spreads more slowly than in a gas-powered car, giving occupants more time to exit the vehicle.
The Santa Clara County Fire Department did not immediately respond to a request for comment.
Overall, the bias in prices is: Sideways
The projected upper bound is: 364.60.
The projected lower bound is: 304.63.
The projected closing price is: 334.62.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
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 8.7965. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 10 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 42.72. 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 70 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 -144.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 3 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 sell 2 period(s) ago.
Rex Takasugi – TD Profile
TESLA INC closed down -4.060 at 332.970. Volume was 12% below average (neutral) and Bollinger Bands were 33% narrower than normal.
Open High Low Close Volume___
337.600 347.010 329.740 332.970 8,274,181
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 358.05 327.74 312.94
Volatility: 44 62 72
Volume: 7,405,456 8,549,106 9,262,623
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 6.4% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of TSLA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TSLA.O and have had this outlook for the last 2 periods.
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