The Relative Strength Index (RSI) is often used to analyze the up and down movements of stocks over a period of time. For Tesla stock, the 7-day RSI shows a value of 83, which indicates overbought conditions and therefore gives the stock a “Poor” rating. In contrast, the 25-day RSI is at 66.585, suggesting that the stock is considered neither overbought nor oversold here, resulting in a Neutral rating. Overall, the RSI analysis results in a “Poor” rating for Tesla.
In the area of sentiment and discussions on the Internet, it can be seen that the activity on social media surrounding Tesla is strong, which leads to a positive rating of “Good” in terms of the intensity of the discussion. However, the rate of sentiment change shows a negative trend, resulting in an overall long-term sentiment rating of “Poor”.
Looking at the sector, Tesla shares achieved a return of 5.65 percent last year, which is 22.46 percent lower than the average for stocks in the consumer discretionary sector, which is 28.11 percent. Tesla also performs 7.81 percent worse in the “Automobiles” industry comparison with an average annual return of 13.46 percent. This underperformance results in an overall rating of “Poor” for the stock.
Technical analysis shows that the stock is currently in an upward trend based on trend-following indicators. The 200-day moving average is $202.629 while the last close was $260.46, indicating a deviation of +28.54 percent and resulting in a Good rating. The 50-day moving average is $222.395, with the closing price also above (+17.12 percent). A “Good” rating is therefore also given for this period. In summary, the trend-following indicators give Tesla an overall positive rating of “Good”.
Buy, hold or sell Tesla?
How will Tesla develop now? Is it worth getting started or should investors sell? You can find out the answers to these questions and why you need to act now in the current Tesla analysis.
Tesla: buy or sell? Read more here…
