In the last 365 days
TSLA
reached its highest closing price on 15th August 2022 at $309.32, and closed on 14th July 2023 at $281.38, indicating a decrease. However, since 3rd June 2023, the price has been above the upper deviation of the regression channel and a Golden Cross was detected too, suggesting a potential upward trend. Combined with a moderate positive correlation (Pearson's R value of 0.48) between
TSLA
's price and another variable, indicates a possibility of continued upward movement.
Disclaimer:
The analysis provided is based on available data. Financial markets carry risks, and past performance or correlations are not guarantees of future results. This summary does not constitute financial advice. Conduct your own research and consult with a qualified financial advisor before making investment decisions.
TSLA
reached its highest closing price on 15th August 2022 at $309.32, and closed on 14th July 2023 at $281.38, indicating a decrease. However, since 3rd June 2023, the price has been above the upper deviation of the regression channel and a Golden Cross was detected too, suggesting a potential upward trend. Combined with a moderate positive correlation (Pearson's R value of 0.48) between
TSLA
's price and another variable, indicates a possibility of continued upward movement. Disclaimer:
The analysis provided is based on available data. Financial markets carry risks, and past performance or correlations are not guarantees of future results. This summary does not constitute financial advice. Conduct your own research and consult with a qualified financial advisor before making investment decisions.