Technical Analysis – Tesla stock remains confined within a long-term range
Posted on February 22, 2019 at 2:05 pm GMTTesla’s stock has been trading within a wide sideways range – between 380.0 and 214.0 – since March 2017. The long-term outlook is therefore neutral, as is the short-term one, with the price oscillating between 324.0 and 280.0 for one month now. Looking at short-term momentum indicators, they paint a cautiously negative picture. The RSI seems headed for a test of its 30 zone, while the MACD has just crossed below its red trigger line. In case of another wave [..]