Updated Tesla Price Trends: Former Hot Stock Does Slow Fade - News Summed Up

Updated Tesla Price Trends: Former Hot Stock Does Slow Fade


The Tesla Chief Executive Officer seems to have a knack for doing something or saying something that interests people, especially media people. Connecting subsequent peaks in 2019 results in a clear look at a falling level of prices, steadily lower month by month. Tesla's stock price is below the Ichimoku cloud again, not good. And here's the monthly chart:stockcharts.comIt's above the Ichimoku cloud and above the uptrend line that connects the 2010 lows with the 2012 low prices. Whatever energy propelled the stock from 2010 began to fade significantly beginning in 2017 and has yet to re-establish itself.


Source: Forbes April 05, 2019 21:24 UTC



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