Short term trend for TSLA based on leading technical indicators
6/6/2025 06:05am
The short-term trend for Tesla (TSLA) appears to be bearish, as evidenced by the performance of several key technical indicators:
1. **Moving Averages**:
- The 5-day moving average (MA) is at $330.03, the 10-day MA is at $340.88, and the 20-day MA is at $335.27.
- The stock price is currently below these short-term MAs, indicating a potential downward momentum in the short term.
|code|Ticker|Name|Date|Moving Average|market_code|
|---|---|---|---|---|---|
|TSLA|TSLA.O|Tesla|20250605|330.0340|185|
2. **Religious Oscillator (RSI)**:
- The RSI is at 16.81, which is typically considered to be in the oversold territory. However, it is important to note that the RSI is a momentum indicator and an RSI value below 30 does not always indicate a buy signal, especially in the context of a strong bearish trend.
|code|Ticker|Name|Date|RSI|market_code|
|---|---|---|---|---|---|
|TSLA|TSLA.O|Tesla|20250605|16.8139|185|
3. **Long-term Moving Averages**:
- The 50-day MA is at $291.46, and the 200-day MA is at $304.71.
- The stock price is significantly below these long-term MAs, suggesting a broader downtrend in the market's perception of Tesla's value.
In conclusion, the short-term trend for Tesla (TSLA) is bearish, as indicated by the stock price being below key short-term and long-term moving averages, and a low RSI value suggesting potential overselling. Investors should exercise caution and consider these technical indicators along with fundamental analysis and market conditions before making investment decisions.