TESLA | Daily Technical Outlook
Market Structure
Tesla is trading in a corrective phase after failing to sustain its prior bullish momentum. Following a strong advance toward the $490–$500 area, selling pressure intensified sharply, triggering a decisive pullback and shifting the structure into a neutral-to-bearish consolidation.
The decline found temporary stabilization near the $420 region, from where price attempted a rebound. However, the recovery has so far lacked follow-through, suggesting that the recent upside move remains corrective rather than trend changing.
Key Resistance Zone
The nearest resistance is located at $435 – $440, an area formed by the recent rebound failure and overlapping selling pressure. Any upside attempt into this zone is likely to attract renewed supply.
Additional resistance levels:
• $450
• $470 – $480 (major bearish rejection zone)
As long as TSLA trades below $440, upside momentum remains limited and vulnerable to rejection.
Key Support Zone
Immediate support is holding around $420 – $425, where the latest decline paused.
A break below $420 would likely reintroduce stronger bearish pressure, exposing lower levels:
• $410
• $395 – $400 (major structural support)
A failure to hold the $400 area would significantly weaken the broader structure and open the door to a deeper correction.
Expectations
Bearish Scenario (Primary)
The prevailing structure favors further downside as long as price remains capped below $440.
A decisive break below $420 would likely accelerate losses toward $410, with potential extension into the $395–$400 zone.
Bullish Scenario (Alternative)
A sustained recovery above $440 would be the first sign of stabilization, allowing price to target:
• $450
• $470 – $480, a critical zone that must be reclaimed to neutralize the bearish bias
Until then, upside moves are likely to be corrective and short-lived.
Outlook
Tesla remains in a vulnerable technical position after failing to hold its previous highs. Sellers retain control below $440, while a breakdown under $420 could trigger a renewed wave of downside pressure. The broader outlook stays cautious unless price can reclaim key resistance levels and confirm a stronger recovery structure.
