Trading Class

Markets › Tesla › Hammer

US stock market · candlestick pattern

Hammer on Tesla

On Tesla the hammer showed up 21 times. The target came first 24% of the time, the stop 71%, and 5% 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
Daily119%82%9%
Hourly1040%60%0%

Tesla against the rest

ChartsFoundTarget firstStop firstWent nowhere
Tesla2124%71%5%
All US stock market charts73237%59%4%
Every market11,79231%58%10%

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 hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer lesson, video and quiz ›

Other patterns on Tesla

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

The hammer elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Broadcom · Oracle · Microsoft · Meta · Intel · Boeing · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the hammer work on Tesla?

In 21 cases on Tesla, the target (1.5 × ATR) came before the stop (1 × ATR) 24% of the time and the stop came first 71%; 5% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.