Tesla & Space Travels

Tesla & Crew- 1. Crew-1 - USCV-1 with Commander Michael Hopkins, Pilot Victor Glover, Mission Specialist Shannon Walker, and Japanese Jaxa Space Agency astronaut Soichi Noguchi star in the first launch space USA for 9 years now, but no longer public but built by a private company. And as Crew-1 takes off, the Tesla stock (TSLA) is also making significant increases under the pressure of the announcement that it will join the S&P 500 from December.

Tesla & Sector Analysis

Although the stock belongs to the Durable Consumer (XLY) sector, which is quite weak in this period, Tesla shares are showing, along with the entire automotive industry, the tendency to return to the highs of September. The RRG chart below highlights the XLY sector trend towards weakness (red dial), although as we highlighted above Tesla stocks are showing strength.

Technical analysis of the Tesla stock

 Let's now look at the technical analysis of the Tesla stock (TSLA), through the daily chart. As can be seen from the chart, the stock is solidly in an uptrend, above all the reference moving averages (20-50-100-200). In particular, in the last period, the EMA 50 average (in orange) has worked perfectly as dynamic support, rejecting the price every time it has approached. Yesterday's bullish gap seems to have further confirmed the push towards higher prices.

Operational Indications

To enter into a purchase on the stock, any price return around $ 420 could be exploited, which represents the dynamic support area of ​​the 20-day and 50-day exponential moving average. On that price, it is advisable to wait for a bullish reversal pattern, such as the pinbar.