TSLA Tesla Chart, History Price & Graph

Key Takeaways

• TSLA trades around $396, showing a short-term rebound of over 15% in the past five days amid a broader bearish channel structure with lower highs and lower lows.
• The stock has broken a six-month downtrend but remains in a corrective phase below certain resistance zones, with price action testing daily pivot levels near $391.
• Moving averages present a neutral stance, with shorter-term MAs signaling sell and longer-term (50-day at ~$372-$379, 200-day at ~$377) providing buy support as price holds above them.
• Momentum indicators are mixed: RSI(14) at approximately 54 neutral, MACD(12,26) showing buy at 6.89, though STOCH and others lean sell.
• Key supports at $388, $360-$366, and $343; resistances near $393-$398 and $430-$436.

Price Action and Trend Analysis

Tesla Inc. (TSLA) has exhibited volatile price action over the last 30 days, with a modest 0.41% gain amid choppy trading. The stock recently surged 3% in the past 24 hours and 15.69% over five days, reflecting a short-term rebound from recent lows. However, the broader structure remains bearish, characterized by a channel with lower highs and lower lows following a fake breakout above prior highs. This has shifted sentiment from bullish continuation to correction, with TSLA cracking a multi-year trendline and testing the top of a parallel downtrend channel. Year-to-date, shares are down 12.49%, underscoring the dominant downtrend pressure despite one-year gains of 64.55%.

Support and Resistance Levels

Traders are closely monitoring pivot points, with the classic daily pivot at $390.77, immediate support at S1 $388.30, S2 $385.92, and S3 $383.45. Resistance sits at R1 $393.15, R2 $395.62, and R3 $398. Community analysis highlights broader supports around $360-$366, $343 from recent lows, and deeper at $330-$324. Upside hurdles include $430-$436, where prior rejections have capped rallies, and $370 as near-term resistance.

Moving Averages

The moving average configuration is neutral overall, split evenly between buy and sell signals. Shorter-term simple and exponential MAs (5-20 periods) at $393-$399 signal sell as price pulls back below them. In contrast, the 50-day SMA/EMA near $372-$379, 100-day at $365-$374, and 200-day at $377 provide buy support, with TSLA trading above these longer-term levels. This divergence suggests potential stabilization if supports hold, but vulnerability to downside if shorter MAs align lower.

Momentum Indicators

Momentum shows conflicting signals, with technical indicators tilting to strong sell. RSI(14) at 53.97 registers neutral, neither overbought nor oversold, allowing room for continuation. MACD(12,26) at 6.89 generates a buy, hinting at budding bullish divergence. However, STOCH(9,6) at 33.83 sells, Williams %R at -76.73 indicates oversold conditions, and ADX(14) at 31.81 confirms sell amid trend strength. STOCHRSI is deeply oversold at 1.95, potentially signaling a bounce.

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Technical Outlook and Key Levels to Watch

Market participants eye a hold above $388-$390 pivots for rebound continuation toward $393-$398 resistance, with failure risking tests of $360-$366 or $343 supports. A reclaim of $430-$436 could signal trend shift, while breakdowns below $383 may target $330-$324 liquidity zones. Monitor RSI for divergence, MACD crossovers, and MA alignments for confirmation. Volume spikes on breaks will validate direction in this corrective phase.

Disclaimer

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