Tesla's 15min Chart Triggers Bollinger Bands Narrowing, KDJ Death Cross Alert

Tesla's 15-minute chart has triggered Bollinger Bands Narrowing, and a KDJ Death Cross occurred on May 8, 2025 at 15:45. This indicates a decrease in the magnitude of stock price fluctuations and a shift in momentum towards the downside, potentially leading to further decreases in the stock price.

Tesla's stock experienced a significant technical shift on May 8, 2025, with the 15-minute chart triggering Bollinger Bands Narrowing and a KDJ Death Cross. This combination of indicators suggests a decrease in the magnitude of stock price fluctuations and a shift in momentum towards the downside, potentially leading to further decreases in the stock price [1].

Bollinger Bands Narrowing indicates that the stock's volatility is decreasing, which can sometimes precede a change in trend. The KDJ (Kaufman Adaptive Moving Average) indicator, specifically the KDJ Death Cross, signals a bearish momentum shift. This cross occurs when the K line (fast moving average) crosses below the D line (slow moving average), indicating a potential reversal in price direction [2].

The recent news surrounding Tesla's Cybertruck and its range extender battery pack may also contribute to the current market sentiment. Tesla has announced that it will no longer sell the range extender battery pack for the Cybertruck, which was priced at $16,000. This decision comes as Tesla struggles to sell units of the Cybertruck, with over 10,000 unsold vehicles in the U.S. inventory [3].

Additionally, Tesla's stock has been navigating a volatile trading range, with significant technical levels defining its price action. As of May 8, Tesla stock is trading at $276.22, up 0.3% in the past 24 hours. The stock has encountered strong resistance at $289, which aligns with the 200-day moving average and a previous swing high. On the downside, support is observed at $225, a level that has consistently acted as a safety net for buyers [4].

Despite recent buying interest from high-profile figures like U.S. Representative Marjorie Taylor Greene, the broader market dynamics, including potential economic headwinds and interest rate concerns, weigh heavily on Tesla's stock. The Federal Reserve’s monetary policy remains a focal point for investors, with any signs of continued tightening likely to pressure growth stocks like Tesla.

In the short term, Tesla's stock is expected to remain in a consolidation phase, trading between the $225 support and the $289 resistance levels. Traders should monitor these boundaries closely, as a clear breakout in either direction could set the stage for a substantial move.

References:

[1] https://www.benzinga.com/25/05/45281224/tesla-ditches-16000-cybertruck-range-extender-as-sales-dwindle-in-the-us
[2] https://tradersunion.com/news/financial-news/show/251998-tesla-stock-rises-to-276/
[3] https://finance.yahoo.com/news/elon-musks-exit-ceo-means-005955402.html