Tesla Inc (NASDAQ:TSLA) HEFFX Highlights

Tesla Inc (NASDAQ:TSLA) HEFFX Highlights

Tesla Inc (NASDAQ:TSLA) HEFFX Highlights

  • Exactly one week after Tesla CEO Elon Musk suggested his company could help with Puerto Rico’s electricity crisis in the aftermath of Hurricane Maria, more of the company’s Powerwall battery packs have arrived on the island, according to a photo snapped at San Juan airport Friday, Oct. 13.
  • The image shows what could be crates of Tesla Energy equipment for equipping Puerto Rico buildings with solar power. It’s likely that Powerwall battery packs are among the gear, because the energy cells are necessary for sustaining electricity off the grid. Three weeks after the Category 4 hurricane hit the island Sept. 20, approximately 85% of Puerto Rico is still without electricity.
  • Tesla’s involvement in Puerto Rico first surfaced a week after the storm, when Tesla employees were on the ground assisting with efforts to connect buildings with power. The company previously confirmed it had shipped hundreds of Powerwalls to assist in that effort.
  • But a week later, Musk personally intervened, replying to a link posted to Twitter and elaborating how his company could help rebuild the island’s electricity system. Puerto Rico governor Ricardo Rossello then reached out to Musk via Twitter, inviting the head of Tesla to get in touch.

Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage. The Automotive segment includes the design, development, manufacturing, and sales of electric vehicles. The Energy generation and storage segment includes the design, manufacture, installation, and sale or lease of stationary energy storage products and solar energy systems to residential and commercial customers, or sale of electricity generated by its solar energy systems to customers. The Company produces and distributes two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle (SUV). It also offers Model 3, a sedan designed for the mass market. It develops energy storage products for use in homes, commercial facilities and utility sites.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 370.94.

The projected lower bound is: 330.01.

The projected closing price is: 350.47.

TESLA INC closed down -4.970 at 350.600. Volume was 23% below average (neutral) and Bollinger Bands were 33% narrower than normal.

Open           High            Low             Close           Volume
353.760      354.480      347.160      350.600      5,375,486

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

Moving Averages: 10-period       50-period      200-period
Close:                       353.03            354.99           312.13
Volatility:                37                    37                    43
Volume:                   5,876,234      5,366,359      6,385,137

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 12.3% above its 200-period moving average and is in an downward 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 bearish on TSLA.O and have had this outlook for the last 0 periods.

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 63.4973. 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 47.90. 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 78 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 18. This is not a topping or bottoming area. The last signal was a buy 10 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 4 period(s) ago.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

Latest posts by John Heffernan (see all)

You must be logged in to post comments :  
CONNECT WITH