The MACD analysis for Tesla (TSLA) indicates that its price has crossed above its signal line, suggesting an upcoming bullish phase. Despite facing resistance around 216.78, Tesla experienced sustained selling pressure, causing it to retreat by 4.79. However, the recent price action crossing over the signal line is a positive sign for the stock.
Tesla continued its upward trend with a 0.66% gain in this session. It also managed to recover most of its losses from the previous session, where it dipped down to $218.4.
Over the past 5 days, Tesla has gained 5.1%. In comparison to the Nasdaq, Tesla has outperformed by 89.74% so far this year. The stock currently has a market cap of $699.24 billion. On the day, there were 119.53 million shares traded, slightly higher than the average daily volume of 118.21 million shares.
Despite its strong performance in the current session, Tesla's stock remains a "Strong Sell" according to market analysis.
In other news, Walt Disney closed at 85.07, up 2.14% in the previous session. Starbucks gained 2.65, or 2.64%, finishing at 102.65 after closing at 100 on Thursday. Toyota also saw a 1.63% increase, ending the session at $189.59.
Tesla continued its upward trend with a 0.66% gain in this session. It also managed to recover most of its losses from the previous session, where it dipped down to $218.4.
Over the past 5 days, Tesla has gained 5.1%. In comparison to the Nasdaq, Tesla has outperformed by 89.74% so far this year. The stock currently has a market cap of $699.24 billion. On the day, there were 119.53 million shares traded, slightly higher than the average daily volume of 118.21 million shares.
Despite its strong performance in the current session, Tesla's stock remains a "Strong Sell" according to market analysis.
In other news, Walt Disney closed at 85.07, up 2.14% in the previous session. Starbucks gained 2.65, or 2.64%, finishing at 102.65 after closing at 100 on Thursday. Toyota also saw a 1.63% increase, ending the session at $189.59.
Comment:
On track for the time being.