2023-06-14 22:33:00
In the US stock market on the 14th, the US electric vehicle (EV) maker, Tesla’s stock price fell for the first time in 14 business days. The hawkish attitude of the US Fed and technical factors in the market had an impact.
Tesla shares closed 0.7% lower at $256.79. From the end of May to the previous day, it was the longest rise in history, rising for 13 business days, and the market capitalization had expanded to more than $ 240 billion (regarding 33.6 trillion yen), entering the so-called overbought territory.
Elon Musk’s Tesla is at its most overbought since November 2021, when the EV boom peaked amid a broader bull market, according to the Relative Strength Index (RSI, 14-day period). .
Original title:Tesla Snaps Record Rally Amid Bearish Signal, Hawkish Fed (2)(excerpt)
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