Open buy · week 6
Tesla slips 0.4% as the 50-week average caps the advance once again
Our view last week
Tesla closed the week up 2.2%, yet buying stayed below 25% of volume in the weekly bar and a bearish engulfing has just formed on the daily chart. Tesla stock technical analysis shows a rise with thin volume behind it: the weekly MACD holds above its Signal line for a 2nd week, while price still trades below the 50-week average. The buy signal runs on, 2.55% up since the open: a swing trading case that calls for discipline.
This week's summary
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.
IQS Phase
54
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#60 / 93
US stocks in progress
Trade P&L %
+2.13%
from signal to date, no stop loss
Tesla (TSLA) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 60th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
TSLA belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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