Tesla, Inc. (TSLA), gained a whopping 353.68% in the past 12 months. Its percentage gain is slightly under the combined gains of the 8 U.S. Major Indices, as shown on the following graph.
It could be a stand-alone index at this rate!
The following 5-year daily chart of TSLA shows that price is hovering just above its 50-day MA, following a volatile, feeble, whip-saw rally since its low on March 5.
Price is at a critical juncture, in that the RSI has tentatively risen just above 50.00, while the MACD and PMO have just formed bearish crossovers.
A failure of TSLA to hold above both the 50-day MA and the 50.00 RSI level, could see a hefty pullback occur in short order to the 200-day moving average at 567.46, or lower.
However, if it can hold above the 50-day MA and the 50.00 RSI, and if we see bullish crossovers form and hold on the MACD and PMO, it could, concievably, retest its all-time high of 900.40, or spike higher.