Tesla: the decline loses steam as the week closes up 3.6%

Tesla is in week 2 of a sell signal, but the picture is losing conviction: the week just closed up 3.6% and signal strength has dropped to 15 out of 100, a decline losing steam. The stock ranks 85th among the 137 US sell signals, with the setup quality indicator at 64 out of 100 in the ordinary band. Our model flags a new short here as not recommended.