From TradingView · · 1m
TSLA: $350 Support Test
Tesla faces $350 support as earnings week approaches.
In brief
Tesla faces $350 support as earnings week approaches. Tesla's stock price nears $350 support ahead of earnings report. Originally reported by TradingView.
Tesla nears $350 support
Tesla enters earnings week near the lower end of its recent range after another rejection from the $380s.
Earnings catalyst
Wednesday’s earnings are the main catalyst with results after the close and management’s call at 2:30 p.m. Pacific.
486,532 deliveries
Tesla has already reported 486,532 deliveries and 13.7 GWh of energy storage deployments.
Daily RSI at 45.5
Daily RSI is around 45.5, below its signal average and the neutral 50 level.
Immediate support zone
The immediate support zone is $350, $349.33. Holding it would preserve the possibility of another rotation higher within the range.
Key resistance levels
Reclaiming $365, $370 would recover several broken levels and make another test of $380 more credible.
The big picture
Tesla's stock price nears $350 support ahead of earnings report.
