Tesla, Inc. (NASDAQ:TSLA) Model 3 crashed into a parked tow truck on a Moscow motorway

Tesla, Inc. (NASDAQ:TSLA) Model 3 crashed into a parked tow truck on a Moscow motorway

Tesla, Inc. (NASDAQ:TSLA) Model 3 crashed into a parked tow truck on a Moscow motorway

A Tesla Model 3 crashed into a parked tow truck on a Moscow motorway, Reuters reported Sunday. 

Following the crash, which happened late on Saturday, the car caught fire and was destroyed completely. The driver, director general of investment fund Arikapital Alexey Tretyakov, was hospitalized, while two of his children, who were also with him in the car, suffered minor injuries. 

Car batteries can catch fire after a very hard impact, albeit Tesla fires are rare according to the company’s own statistics. When it happens, though, it can be devastatingly dangerous — just check the video allegedly showing the immediate aftermath of the accident.

Technical Indicators

Overall, the bias in prices is: Downwards.

The projected upper bound is: 251.79.

The projected lower bound is: 207.98.

The projected closing price is: 229.89.

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.

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 59.4780. This is not an overbought or oversold reading. The last signal was a buy 9 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 44.51. 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 12 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 -49. 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 sell 12 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed down -6.000 at 229.010. Volume was 56% below average (consolidating) and Bollinger Bands were 6% narrower than normal.

Open     High      Low     Close     Volume___
232.990 235.770 228.750 229.010 4,663,937
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 234.69 229.39 279.90
Volatility: 38 61 62
Volume: 6,288,873 9,198,869 9,351,683

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 18.2% below its 200-period moving average and is in an downward trend. Volatility is high 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 9 periods.

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