To The Moon

$Tesla Motors(TSLA)$ - 10 Minute Quick Evaluation!  

💥Over the past 1 year, Mr Market has been merciless on popular technology-focus and growth-themed stocks like Tesla in face of the Fed's ferocious rate hikes and inflationary pressures, which has shifted institutional and investors' focus to more defensive-focus and commodity plays.

The 🪄MAGIC question stands: Should you still trade or invest in Tesla?

In today's post, I will share with you my 3 Quick Technical Analysis (TA) evalution matrix on Tesla - namely: "PERFORMANCE", "POWER TREND", and "POWER STRENGTH". These will help traders and investors make informed decisions to trade or invest from a technical perspective. I hope you will find them useful!

 🟫🟥🟧 CHARTS POWERED BY: VCCB POWER TREND SYSTEM (PTS) 🟨🟩⬛️

📊 1. TESLA'S PERFORMANCE :: vs MARKET BENCHMARK S&P500 $SPY(SPY)$:

📊Stock Performance: TSLA vs. SPY - As of 20/11/2022

• Year-to-Date Performance: Stock Underperformed❌
• 1 Year Performance: Stock Underperformed❌
• 1 Month Performance: Stock Outperformed ❌
• 1 Week Performance: Stock Underperformed ❌
• Daily Performance: Stock Outperformed ❌
• 👨‍🏫SUMMARY: Broadly speaking, Tesla has severely underperformed the broad market index S&P500 this year! (i.e. the stock has suffered a bigger decline than S&P500!). Long term investors in Tesla should weigh considerations of recent price performance, and sector rotation trends in addition to long term growth considerations for a pragmatic perspective of portfolio allocation.
• 🛎️GENERAL RULE OF THUMB: Measuring % performance vs. the market benchmark is an important yardstick for portfolio allocation to check if your investment portfolio has under-or-overperformed the benchmark!

📊 2. TESLA'S POWER TREND :: 1D - DAILY CHART PERSPECTIVE:

📊TSLA - PowerTrend Technical Chart - As of 20/11/2022

• Secondary Trend (for Traders): Bearish❌ -- No PowerTrend Buy Alert yet!
• Primary Trend (for Investors): Bearish❌ -- No PowerTrend Buy Alert yet!
• ⚠️WARNING: Major Resistance Overhead.
• ⚠️WARNING: Price is still below all Major Moving Averages (20,50,200).
• 👨‍🏫SUMMARY: With Bearish Primary and Secondary Trends still strongly intact for Tesla, do expect more downside risks for Tesla!
• 🛎️GENERAL RULE OF THUMB: Always long trade and invest in direction of the bullish primary trend! Wait for PowerTrend Alerts to turn Bullish before making crucial entry decisions!The PowerTrend Pro Indicator automatically plots entry and exit alerts, along with automatic trailing support and resistance lines which also serves as stop-loss and profit taking levels; allowing traders and investors to know the directions of the primary and secondary trends, and volume strength by colour codes of the candles at a glance.

📊 3. TESLA'S POWER STRENGTH :: MEASURES COMPARATIVE RELATIVE STRENGTH (CRS):

TSLA - PowerStrength - Comparative Relative Strength against SPY, QQQ, XLK - As of 20/11/2022

• CRS of Tesla vs. S&P 500 ($SPY): underperforming & getting weaker ❌
• CRS of Tesla vs. Nasdaq 100 ($Invesco QQQ Trust(QQQ)$): underperforming & getting weaker ❌
• CRS of Tesla vs. Technology Sector ($XLK): underperforming & getting weaker ❌
• 👨‍🏫SUMMARY: With Tesla strongly underperforming the broad market indexes and technology sector, it is better to look out for stronger stock or fund alternatives to trade/invest in!
• 🛎️GENERAL RULE OF THUMB: Always trade or invest in the strong outperforming stocks with good setups from leading sectors! Do you know which are the leading sectors now?

📑WHAT is PowerStrength CRS? ::Take note this is completely different from a popular technical indicator known as Relative Strength Index (RSI). PowerStrength - Comparative Relative Strength (CRS) tells us about the relative performance of an asset (stock, fund or crypto) in comparison to a selected market benchmark (such as broad market index or specific sector). A stock's CRS for instance is its price change, as a percentage, compared to the selected benchmark's price change; and hence helps traders and investors evaluate whether it is outperforming or underperforming that benchmark (Measuring Relative Strength or Weakness). RSIon the other hand is a momentum indicator that measures the magnitude of recent price changes of an asset (stock, fund or crypto) for evaluating overbought or oversold conditions in the price of itself.

---------

@TigerStars  @CaptainTiger  @MillionaireTiger  @Tiger_SG 

✍️ SHARE your thoughts in comments below!

👋 LIKE and FOLLOW ME for More!📈

Stay tuned for more upcoming posts on technical analysis, charts trends and macro market updates! 😎

💡IMPORTANT DISCLAIMER: All Information are strictly personal opinions and analysis based 100% on Technical Charts perspective. Always do your own due diligence! They should be treated only as educational references and for research purposes only; and ARE NOT recommendations to buy or sell any stock, security, or asset.

 🟫🟥🟧 CHARTS POWERED BY: VCCB POWER TREND SYSTEM (PTS) 🟨🟩⬛️