Tesla’s daily chart, over roughly the past year, shows several distinct phases of trend as highlighted by the TPR (Trend Pullback Reversal) indicator:
Recent Price Action
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Current Up-Move: The latest TPR signal has turned green, marking the early stages of a fresh up-trend. This up-trend has already logged about 30 bars, while the longest historical up-trend in this view reached around 103 bars.
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Prior Down-Move: The last red phase lasted 44 bars, well above the average down-trend of about 35 bars, suggesting that the preceding bearish pressure has been largely spent.
Broader Structure
From late winter through midsummer the chart shows an extended sideways-to-slightly-bearish stretch. That pattern broke in early September as price surged toward the upper Band, with rising volume confirming renewed interest.
Trend Outlook
While no forecast is certain, the TPR’s early up-trend reading, together with a breakout toward the upper volatility band, leans toward a continuation of bullish momentum in the near term. If this up-trend were to approach even the average historical length (≈31 bars) or more, Tesla could maintain upward pressure for several more weeks.
Key Watchpoints:
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Sustained closes above the upper Band would reinforce bullish conviction.
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A sharp reversal back inside the band or a new TPR red signal would warn that the up-trend is losing strength.
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