Tesla Stock Technical Analysis: Tesla Inc. (TSLA) stock has been experiencing significant volatility over the past few weeks, influenced by a combination of technical and economic factors, most notably expectations of a slowdown in demand for electric vehicles and pressure from global financial markets due to the Federal Reserve’s monetary policy statements. In this detailed technical analysis, we provide an accurate reading of Tesla’s stock in terms of trends, technical indicators, support, and resistance, along with trading expectations for the coming period.
Tesla Stock Technical Analysis: Price Action Overview (H1)
- Today’s High: 244.94
- Today’s Low: 238.23
- Current Price: 238.92
The stock has been moving in a short-term downward channel since the beginning of April, failing to maintain the upward momentum evident in late March.
Technical Indicator Analysis
General Trend:
The current trend on the H1 timeframe shows a clear downward bias after breaking successive technical support levels. The stock appears to be currently trading below all moving averages, reinforcing short-term bullish sentiment. MACD Indicator:
The indicator indicates continued selling pressure with a clear negative crossover. The MACD bars are in the negative zone, indicating weak upward momentum and no imminent reversal signals.
- Stochastic Oscillator:
The indicator is currently in the oversold zone (below the 20 level), indicating a potential temporary rebound. However, the lack of bullish confirmations so far makes the bearish scenario more likely.
Next Technical Outlook
Positive Scenario (Currently Least Likely):
If the stock is able to break above 248.92 and hold above it, we may witness a recovery of upward momentum, reaching 254.93 and possibly retesting 259.10.
Negative Scenario (Probable):
If the stock fails to exceed 248.92 and selling pressure continues, it may head towards testing the support level of 223.36. A break above this level could extend losses to 115.55.
Trading strategies based on Buy/Sell levels
| Tesla Stock | In case of buying | in case of selling |
| Entry point | 248.92 | 231.88 |
| Target Point 1 (TP1) | First resistance: 254.93 | First support: 204.61 |
| Target Point 2 (TP2) | Second resistance: 259.10 | Second support: 223.36 |
| Stop Loss (SL) | 231.88 | 248.92 |
TSLA stock is currently under clear selling pressure and trading below its major moving averages, indicating a continued decline unless strong signs of a trend reversal emerge. Investors are advised to closely monitor key support levels, particularly 223.36 and 115.55, as a break above them could deepen losses. Conversely, a break above 248.92 would be the first positive signal to watch.
