Right now June 14 8:31am is TSLA stock bullish or bearish and the rest of the day what will it be
6/14/2024 11:32pm
**Tesla's stock (TSLA) is currently exhibiting bearish signals.** Here's the analysis to support this conclusion:
1. **Moving Averages**: The 5-day moving average (MA) is slightly above the 10-day MA, but both are below the 50-day MA. This indicates a short-term uptrend but a long-term downtrend. The proximity of the 5-day and 10-day MAs suggests a lack of strong momentum in the short term.
|Ticker|Name|50-Day Moving Average|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|TSLA.O|Tesla|172.6394|176.7020|176.5020|20240614|TSLA|185|
2. **Net Fund Flow**: The net fund outflow of $139.26 million suggests that investors are pulling money out of the stock, which is typically a bearish sign as it indicates selling pressure.
3. **Volume**: The trading volume was 37.79 million shares, which is below the 1-month average volume of approximately 56 million shares. Lower volume can indicate limited investor interest and potential for a lack of momentum.
4. **Technical Indicators**:
- The Relative Strength Index (RSI) is at 65.88, which is near the overbought territory and suggests that the stock may be due for a pullback.
- The Moving Average Convergence Divergence (MACD) is positive at 0.21, but this may not be significant due to the proximity to the signal line and the potential for a crossover to the negative territory.
- The KDJ indicator shows a value of 65.4, which is also in the overbought region and could indicate a potential reversal.
|Ticker|Name|RSI|MACD|KDJ|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|TSLA.O|Tesla|65.8819||65.3951|20240613|TSLA|185|
|TSLA.O|Tesla||0.2087||20240614|TSLA|185|
5. **Support and Resistance Levels**: The current support level is at $178.22, and the resistance level is at $186. If the stock were to break below the support level, it could further indicate a bearish trend.
|Ticker|Name|Support Level|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|---|
|TSLA.O|Tesla|178.2200|186.0000|20240614|TSLA|185|
Given these points, the stock is showing signs of being bearish at the moment. However, it's important to note that the stock market is dynamic, and future performance is uncertain. The rest of the day's performance could be influenced by market conditions and news that may impact investor sentiment.