Tesla Jumps 3% To 325.59 As Technicals Signal Bullish Rebound

Tesla (TSLA) rose 3.02% in the latest session, extending gains to two consecutive days with a 6.65% advance, closing at 325.59. Trading occurred between 315.69 and 330.49 on reduced volume compared to the prior session. This analysis examines technical indicators to evaluate potential price trajectories.
Candlestick Theory
The most recent candle formed a bullish body after the prior session’s robust 3.52% advance, suggesting continuation momentum. However, the long upper wick at 330.49 reveals persistent resistance near the July 23 high of 336.2, establishing a technical ceiling. Support manifests at 315.69 (intraday low) and strengthens near 300.41, aligning with the July 24 trough. A bearish engulfing pattern on July 24 underscores volatility, but subsequent bullish candles indicate buyers absorbing selling pressure.
Moving Average Theory
The 50-day moving average currently slopes downward near 325, crossing below the flat 100-day MA (~330), reflecting near-term bearish pressure. However, the price recently reclaimed the 200-day MA near 318, a critical long-term support level. This 200-day support confluence with the July 25 low (308.01) forms a robust floor. A sustained move above the converging 50-day and 100-day MAs could confirm bullish reversal potential.
MACD & KDJ Indicators
MACD shows a bullish crossover emerging as the histogram transitions from negative to positive territory, signaling building upward momentum. KDJ oscillators exhibit a bullish alignment with the %K line (79) crossing above the %D line (74) from oversold territory, though proximity to the overbought zone warrants caution. This synchronous shift in both oscillators supports a near-term bullish bias, provided momentum persists.
Bollinger Bands
Price rebounded from the lower Bollinger Band during the July 24 sell-off, subsequently challenging the midline (~320) and now approaching the upper band (~335). Band width expanded during recent volatility but shows early contraction signs, indicating potential stabilization. Acceptance above the midline suggests bulls gaining control, with the upper band as the next resistance target.
Volume-Price Relationship
The July 24 plunge occurred on elevated volume (156M shares), confirming bearish conviction. However, the subsequent 6.65% rebound saw declining volume, suggesting cautious participation. The latest session’s lower volume advance (112M vs. 148M previously) flags sustainability concerns. A volume surge above 150M shares on upward breaks would validate bullish momentum.
Relative Strength Index (RSI)
The 14-day RSI rebounded sharply from oversold levels near 30 to 63, reflecting strengthening momentum. While not yet overbought (above 70), the rapid ascent increases susceptibility to pullbacks. Traders should watch for RSI divergence against price for reversal signals, as its current trajectory aligns with the short-term uptrend.
Fibonacci Retracement
Between the June 23 peak (348.68) and July 7 trough (293.94), the 61.8% retracement level (328.50) coincides with the recent resistance zone (330.49). The price is testing this key level after exceeding the 50% retracement (321.31). A decisive breach above 328.50 would open a path toward the 78.6% level (338.60), while rejection here may trigger retesting of the 38.2% support (310.50).
Confluence exists as the 200-day MA, 38.2% Fibonacci level, and July 24 low anchor critical support near 300–308. Divergence is noted between diminishing volume on advances and rising momentum oscillators, warning of fragility in the rebound. Overall, Tesla exhibits emerging bullish characteristics but requires volume confirmation and clearance of the 328.50–330.49 resistance to validate continuation.