Tesla Inc (TSLA)

[JJ8]

Today's tech perspective for Tesla shares:

1. Spread Triple Top Breakout.
2. The 11th day sessions in uptrend.
3. The 3rd Week in Weeklies downtrend. Expecting a switch to Uptrend as daily uptrend continues.

PS1: Breaking out of the band of resistance is great positive action this morning session. The next challenge for resistance could be the "276.99" level/area of price. GLTA

PS2:Trend Analysis
TSLA appears to be in a strong bullish trend. Its 200-day moving average is upwards sloping and the MACD histogram is above 0 and rising. Comparative Relative Strength analysis shows that this issue is lagging the S&P 500.
Momentum for TSLA is strongly bullish. The 14-period Slow Stochastic Oscillator is rising, as investors pay higher prices for shares.
Today's volume is on track to be heavier than usual, with 88,743,268 shares having traded so far. The On Balance Volume indicator (OBV) is bearish. The slope of the indicator is negative and suggests that there is a lack of buying interest.
Bollinger Bands® use standard deviation of closing prices around a moving average to measure volatility. Presently, the Bollinger Bands® for TSLA are of a normal width, and signal that volatility has been in-line with the norm for this stock.
As of 1:00 PM ET Tuesday, 08/29/2023