Tesla, Inc. (NASDAQ:TSLA) has removed any mention of the Model 3 with a standard battery pack

Tesla, Inc. (NASDAQ:TSLA) has removed any mention of the Model 3 with a standard battery pack

Tesla, Inc. (NASDAQ:TSLA) has removed any mention of the Model 3 with a standard battery pack

Tesla has removed any mention of the Model 3 with a standard battery pack,Electrek first reported Monday, calling into question the long-awaited $US35,000 base model of the sedan.

The cheapest Model 3 available to preorder on Tesla’s website as of Tuesday was the mid-range-battery, rear-wheel-drive version for $US42,900 before any savings. That price can be lowered to $US32,850, the company says, factoring in tax savings worth more than $US5,000 and six years’ worth of “gasoline savings.”

Recently, the standard version was listed as available in four to six months, Electrek said. That no longer appears to be the case.

A $US35,000 base model, originally announced with the rollout of the Model 3 in 2016, is widely seen as Tesla’s path to becoming a mass-market automaker. CEO Elon Musk once said the company could start delivering the cheapest version by the end of 2018.

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

The projected upper bound is: 340.53.

The projected lower bound is: 268.59.

The projected closing price is: 304.56.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

Momentum Indicators

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 30.5885. This is not an overbought or oversold reading. The last signal was a sell 7 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 45.02. 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 110 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 -34. This is not a topping or bottoming area. The last signal was a buy 16 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 buy 11 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed down -2.240 at 305.640. Volume was 49% below average (neutral) and Bollinger Bands were 56% narrower than normal.

Open High Low Close Volume___
306.560 311.544 305.470 305.640 4,168,443

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

Moving Averages: 10-period 50-period 200-period
Close: 310.20 324.71 316.24
Volatility: 33 71 74
Volume: 5,520,926 7,503,763 9,062,681

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 INC is currently 3.4% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 7 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

You must be logged in to post comments :  
CONNECT WITH