Tesla shares have rebounded sharply from April’s low, but the rally is now stalling near a confluence of resistance:
🔴 $288.20 = February swing high
🔵 Price testing the 200-day SMA (~$291) from below
📈 MACD remains positive but momentum is flattening
📊 RSI at 58 – bullish but not yet overbought
A clean breakout above $288–291 would likely confirm a medium-term trend reversal, exposing upside toward $310 and possibly $340. Failure to break could see Tesla consolidate or fade back toward the 50-day SMA (~$268).
Keep an eye on volume and follow-through in the next couple of sessions.
-MW
🔴 $288.20 = February swing high
🔵 Price testing the 200-day SMA (~$291) from below
📈 MACD remains positive but momentum is flattening
📊 RSI at 58 – bullish but not yet overbought
A clean breakout above $288–291 would likely confirm a medium-term trend reversal, exposing upside toward $310 and possibly $340. Failure to break could see Tesla consolidate or fade back toward the 50-day SMA (~$268).
Keep an eye on volume and follow-through in the next couple of sessions.
-MW
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.