Open buy · week 7
Tesla gains 3.3% and reclaims its 50-week average with earnings 2 weeks away
Our view last week
The 50-week average turned Tesla back once more: the stock closed the week 0.4% lower, still beneath that line. Something is shifting underneath, though: weekly money flow is positive again after 12 weeks and the MACD has held above its Signal line for a 3rd week. The falling ADX says the trend still lacks conviction. Tesla stock technical analysis points to one of the weekly buy signals still consolidating, a swing trading case that calls for patience.
This week's summary
Tesla has taken back its 50-week average: after a 4% bounce off the 20-day average, the week closed 3.3% higher and above the line that turned it away 7 days ago. Tesla stock technical analysis is improving in small steps, with the MACD above its Signal line for 4 weeks and weekly money flow positive for a 2nd week. Price action stays cautious: the ADX has fallen for 8 weeks and a new 30-day high went unconfirmed at the close. The buy signal is up 5.5%, with earnings due October 21.
IQS Phase
55
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#62 / 92
US stocks in progress
Trade P&L %
+5.47%
from signal to date, no stop loss
Tesla (TSLA) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 62nd among the 92 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +2.55% · monthly +0.35%
TSLA belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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