TESLA | Daily Technical Outlook
Market Structure
Tesla is undergoing a clear bearish continuation following a failure to sustain its previous recovery phase. The recent selloff has pushed price decisively lower, breaking below key short- and medium-term support zones and confirming renewed downside momentum across intraday and higher timeframes.
After topping near the $480 – $490 region, TSLA reversed sharply, entering a sustained corrective decline. Selling pressure intensified as price slipped below the 50- and 100-period moving averages, with the latest impulsive leg driving the stock down toward the $405 area, where price is currently attempting to stabilize.
Overall structure remains bearish, with lower highs and lower lows intact on the H4 and Daily charts.
Key Resistance Zone
The nearest resistance is located at $415 – $420, a zone defined by:
- Former support turned resistance
- Confluence of declining short-term moving averages
- Repeated intraday rejection on M15 and H1
Additional resistance levels:
- $430 – $435 (H4 corrective ceiling)
- $450 (major bearish rejection zone)
As long as TSLA trades below $420, upside attempts are likely to be corrective and short-lived.
Key Support Zone
Immediate support is holding near $405, where the latest selloff temporarily paused.
A decisive break down below $405 would expose lower downside targets:
- $395 – $390
- $375 – $380 (major daily structural support)
Failure to hold the $380 region would significantly deepen the bearish structure and open the door for an extended corrective phase.
Expectations
Bearish Scenario (Primary)
The prevailing momentum favors continued downside as long as price remains capped below $420.
A clean break below $405 would likely accelerate selling pressure toward $395, with scope to extend into the $375 – $380 support zone.
Bullish Scenario (Alternative)
A recovery above $420 would be the first signal of short-term stabilization, allowing for a corrective rebound toward:
- $430 – $435
- $450, which remains a critical level that must be reclaimed to weaken the broader bearish bias
Until then, bullish moves should be treated as corrective pullbacks within a bearish trend.
Outlook
Tesla remains under sustained downside pressure, with sellers firmly in control after breaking multiple key support levels. The broader structure stays bearish unless price can reclaim and hold above $420, while a confirmed break below $405 could trigger a deeper decline toward major daily support zones.
