Tesla, Inc. (NASDAQ:TSLA) car slammed into a wall and caught fire, killing one and injuring another
The father of an 18-year-old Florida teen killed when his speeding Telsa TSLA, +0.09% slammed into a wall and caught fire is suing the company, saying the crash should have been “entirely survivable.”
Police say Barrett Riley and his 18-year-old friend Edgar Monserratt died when Riley lost control of his father’s car at 116 mph (187 kph) in May 2018. Another friend was thrown from the car and survived.
The South Florida SunSentinel reports that James B. Riley sued Wednesday in Santa Clara County, California, where Tesla is based. Monserratt’s parents filed a similar lawsuit in January. Both blame the car’s lithium-ion battery pack, which exploded when the Tesla hit a concrete wall.
A Tesla statement earlier this year said “no car could have withstood a high-speed crash of this kind.”
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 262.86.
The projected lower bound is: 226.75.
The projected closing price is: 244.80.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
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 81.5698. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 11 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 56.40. 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 54 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 92. This is not a topping or bottoming area. The last signal was a buy 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 0 period(s) ago.
Rex Takasugi – TD Profile
TESLA INC closed up 0.210 at 244.740. Volume was 21% below average (neutral) and Bollinger Bands were 43% narrower than normal.
Open High Low Close Volume___
245.280 249.280 241.580 244.740 6,313,417
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 240.23 232.34 256.67
Volatility: 35 50 60
Volume: 8,271,887 6,726,328 9,074,996
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 4.6% below its 200-period moving average and is in an upward trend. Volatility is relatively normal 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 22 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.