Tesla Inc (TSLA)

[JJ8]

Trend Analysis
TSLA appears to be consolidating within a longer-term downtrend. The Average Directional Index, or ADX, is below 20, indicating that shares have traded sideways recently. However, the 200-day is still sloping bearishly lower. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.
As of 4:00 PM ET Wednesday, 08/24/2022

Momentum
Momentum for TSLA, as measured by a 14-period Slow Stochastic Oscillator, is waning. This means that investors are less aggressive in their recent purchases and may even be taking profits in positions bought at lower prices.
As of 4:00 PM ET Wednesday, 08/24/2022

Volume
Today's volume was lighter than usual, trading 19,086,572 shares, versus an average of 26,803,025 shares per day during the last twelve months. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
As of 4:00 PM ET Wednesday, 08/24/2022

Volatility
Volatility, measured using the width of the Bollinger Bands®, is extremely low, resulting in a condition called the Bollinger Band Squeeze. Bollinger Band Squeezes tend to precede major price breakouts, although they do not predict which direction the new trend will take. Trend and momentum indicators can be useful during Squeeze conditions to help discern the direction of future trends.
As of 4:00 PM ET Wednesday, 08/24/2022