Tesla Inc. (TSLA) - 18th December 2023 | @ 151 Days | - 2.07%
Last trade: - 2.07% | 'B' class signal detected in Tesla Inc. (TSLA). Running at an average wavelength of 151 days over 9 iterations since May 2020. Currently peaking.
Instrument Summary
Tesla Inc. (TSLA) is an innovative electric vehicle (EV) and clean energy company, pioneering sustainable transportation and energy solutions. As a significant player in the EV market, Tesla designs, manufactures, and sells electric cars, solar energy products, and energy storage systems. Its revolutionary products, led by visionary entrepreneur Elon Musk, have reshaped the automotive industry and driven advancements in renewable energy technology.
ΣL Cycle Summary
The placement of the most recent trough iteration of this component is somewhat ambiguous but the peak at the time of writing is now forming, according to current wavelengths. Featuring very stable frequency over time, this wave, notionally the ‘20 week nominal’ cycle in Hurst cycles nomenclature, has been excellent in this sample of 9 iterations since May 2020. The most recent up leg has produced, overall, a sideways movement of price since the proposed low in early - late October - via a time frequency analysis.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Late Buy - TSLA 12th October 2023
Entry: 12th October 2023 @ 258.87
Exit: 15th December 2023 @ 253.50
Gain: - 2.07%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 151.46 Days
Completed Iterations: 9
Component Yield Over Sample: 457.85% - learn more