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Markets › Tesla › Gap up

US stock market · price-structure setup

Gap up on Tesla

On Tesla the gap up showed up 185 times. The target came first 49% of the time, the stop 48%, and 3% went nowhere within 12 candles.

Counted on Tesla: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily8059%39%2%
Hourly10542%54%4%

Tesla against the rest

ChartsFoundTarget firstStop firstWent nowhere
Tesla18549%48%3%
All US stock market charts5,18341%53%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2016333%67%
2017771%29%
2018683%17%
2019580%20%
20202259%36%
2021850%50%
202240%100%
2023956%33%
20242152%48%
20256445%48%
20263639%61%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the gap up is

Price opened above the previous candle's high. It jumped up between the two candles.

Imagine a shop that shuts at night. While it is closed, everyone hears great news about a toy, so when the shop opens, the very first price is already above anything paid the day before. On a chart, a candle that starts above the top of the candle before it is called a gap up.

The full gap up lesson, video and quiz ›

Other patterns on Tesla

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Gap down · MACD bearish cross · Volume profile rejection · Volume profile bounce · MACD bullish cross · all of them

The gap up elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Broadcom · Oracle · Nvidia · Microsoft · Meta · Intel · Sensex · Nifty 50 · Nikkei 225 · Sony

Questions

How often does the gap up work on Tesla?

In 185 cases on Tesla, the target (1.5 × ATR) came before the stop (1 × ATR) 49% of the time and the stop came first 48%; 3% went nowhere within 12 candles.

What is the gap up?

Price opened above the previous candle's high. It jumped up between the two candles.