Tesla: the sell signal is losing steam
Tesla rises 3.6% as its second week signals an exit from the short
Tesla: the sell signal is losing steam
Our view last week
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.
This week's summary
Tesla shares rise 3.6% this week, but the sell signal is losing steam: signal strength drops to 2 out of 100, a decline with no new lows on a highly volatile stock. Its second week closed higher, pointing toward exiting the position. The stock remains over 30% above its 200-week average and slides to 126th among the 137 US sell signals: opening a fresh short here is high-risk, per our technical analysis model.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Jul 22
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IQS Phase
48
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#126 / 137
US stocks sell signals
Trade P&L %
-7.39%
from signal to today
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