Well the RSI needed another reset...........In general the stock needs a period to cool off a bit, all before pushing toward new highs. IMHO.....On our way to $300 in the near future, for sure.
Relative Strength Index (RSI) The RSI, which is currently at 83.80 and above the critical level of 70, suggests that TSLA is overbought. While a stock that is overbought may continue to rally, investors should be especially careful when TSLA begins to lose strength and RSI dips below 70.
Simple Moving Average (SMA) TSLA is trading above its 50 day simple moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
Exponential Moving Average (EMA) TSLA is trading above its 200 day exponential moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
Bollinger Bands ® TSLA is presently near its upper Bollinger Band. This suggests that it is at a high level relative to recent action.
Moving Average Convergence Divergence(MACD) The MACD for TSLA currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.
Slow Stochastics The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D; however the oscillator has moved above the critical value of 80 and may now be overbought. The overbought condition suggests that the upwards momentum experienced in this stock may not be sustainable.
Fast Stochastics The Stochastic Oscillator is registering a weak bearish signal as the %K line has crossed under the %D. However, the oscillator is currently above the critical value of 80, indicating TSLA as being overbought. An overbought condition suggests that the recent upwards momentum is not sustainable. The oscillator moving below 80 will increase the bearishness of this signal.