Let's check and see what the rest of the investment community thinks of Tesla stock. In other words, let's check out the charts.
In the daily bar chart of TSLA, below, I can see that the shares have continued higher since the end of April. The stock trades above the rising 50-day moving average line and above the bottoming 200-day line. The 50-day line is close to crossing above the 200-day line for what is commonly called a golden cross. This would be a belated buy signal.
The trading volume has been strong since the middle of December and signals strong investor interest and probably heavy short-covering. The On-Balance-Volume (OBV) line has moved up strongly from late December and confirms the price strength we have seen to date. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.