The extreme negative TRIX value for Tesla stock on January 6, 2023, signaled oversold conditions. The blue line in the chart denotes the TRIX indicator, whereas the white dotted straight line represents the zero line.
When the stock traded around the $200 mark, the TRIX value was extreme positive, signaling overbought conditions.
When the stock traded around the $200 mark, the TRIX value was extreme positive, signaling overbought conditions.