Tesla, Inc. (NASDAQ:TSLA) Reports after the close, Wednesday, Apr. 24
Wall Street expects Tesla to report a per-share loss of 69 cents on revenue of $5.33 billion. This compares to the year-ago quarter when the loss came to $3.35 per share on revenue of $3.41 billion.
What to watch: Tesla stock has been under pressure following a first-quarter delivery miss earlier this month. The shares have lost more than 5% in the past 12 months, and more than 18% so far this year, compared to a 16% rise for the S&P 500 index. The reason? After two straight quarters of surprise profits, CEO Elon Musk has warned investors that a profit should not be expected this quarter, while saying the company could return to profitability in the second quarter. Wall Street is now bracing for a big loss, while focusing in the company’s quarterly operating margins. The company’s cash burn rate and ability to reach its 2019 shipment guidance will also be key areas of focus.
Tesla’s first-quarter earnings are expected to be dismal. The company has already projected a first-quarter loss following two profitable quarters.
Shayne Heffernan, CEO and Founder of Heffx, says the earnings might be disastrous, considering Tesla’s recent delivery mishaps.
“Our suspicion is that Q1 EPS could be an outright disaster, given that Tesla guided for a loss with an entire month left in the quarter.”
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 295.79.
The projected lower bound is: 248.97.
The projected closing price is: 272.38.
A white body occurred (because prices closed higher 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 26 white candles and 24 black candles for a net of 2 white candles.
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 79.9390. This is not an overbought or oversold reading. 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 47.23. 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 152 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 -21. This is not a topping or bottoming area. The last signal was a buy 2 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 2.030 at 273.260. Volume was 30% below average (neutral) and Bollinger Bands were 45% narrower than normal.
Open High Low Close Volume___
271.230 274.840 269.750 273.260 5,876,325
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 271.69 285.35 309.47
Volatility: 30 52 74
Volume: 8,131,024 8,849,548 9,187,095
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 11.7% below its 200-period moving average and is in an downward 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 bearish on TSLA.O and have had this outlook for the last 5 periods.
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