The daily chart of Tesla's stock price shows a neutral trend. The 20-day and 50-day moving averages ( EMA ) are below the stock price, while the 200-day EMA is above it. Currently, the stock price is higher than the 20-day and 50-day EMA averages, but lower than the 200-day EMA average. At the same time, resistance on the hourly chart limits the upside potential, and the signals on the 15-minute chart provide only limited short-term support.
On Friday, October 23, 2026, Tesla opened at $373.13, with a low of $365.3 and a high of $377.31 during the session. As of 3:37 PM Eastern Time, the stock price was at $373.2, down 0.37% from the previous trading day's close. Trading was still in progress at that time. Tesla's opening price was $373.13, and the price fluctuated between $365.30 and $377.31 during the session, with the latest price reported at $373.20, and the previous closing price was $374.58.
Key Points
- As of 3:37 PM Eastern Time, Tesla's stock price was reported at $373.2, down 0.37% from the previous closing price.
- The daily line RSI14 is at 52.05, slightly above the neutral 50 threshold; the daily line MACD bar chart shows -0.07, below the zero axis.
- The stock price is higher than the 20-day EMA of $370.95 and the 50-day EMA of $367.16 on the daily chart, but lower than the 200-day EMA of $377.22.
- The hourly chart RSI14 shows a value of 46.3, which is below 50; the hourly chart MACD bar chart shows a value of -1.35.
Tesla stock price: The 20-day moving average (20-day EMA) on the daily chart meets the 200-day moving average (200-day EMA) above it.
Daily trend structure
On the daily chart, the 20-day EMA is at $370.95, which is higher than the 50-day EMA at $367.16. Both are below the stock price, providing a reference point for a bullish outlook. However, the 200-day EMA is at $377.22, still above the stock price. This arrangement leans more towards a mixed trend rather than a clear bullish trend.
Daily Momentum Reading
The daily line RSI14 is at 52.05, slightly above the neutral threshold of 50. The MACD line is at 2.71, below the signal line of 2.78, resulting in a negative bar chart of -0.07. Therefore, the positive reading of RSI has not been confirmed by the relationship with MACD. Neither indicator has formed a clear directional advantage.
Daily price fluctuations and pivot points
At the same time, the stock price is still below the daily pivot point of $379.05 and above the first support level of S1 at $369.24. The first resistance level on the daily chart, R1, is $384.39. These pivot points are derived from the previous complete daily candlestick pattern and are applicable to the current trading session.
Tesla Stock Price: Hourly Chart Resistance Limits Bullish Potential
Hourly chart trend and momentum
On the hourly chart, the stock price is below the 50-hour EMA of $374.09 and the 20-hour EMA of $375.39, but still above the 200-hour EMA of $369.82. This indicates that there is resistance above in the short term, but a complete bearish pattern has not yet formed.
The hourly chart RSI14 shows a value of 46.3, which is below 50. The MACD line is at -0.73, also below the signal line of -0.62. The bar chart indicates -1.35, further reinforcing the bearish correction in the hourly chart's view compared to the daily chart.
However, the stock price is above the pivot point of 372.08 USD on the hourly chart and the first resistance level of R1 at 372.84 USD. The stock price is still below the middle band of the Bollinger Bands on the hourly chart, which is 379.26 USD. Therefore, even if it breaks above the pivot point, it is not sufficient to overcome the broader resistance levels on the hourly chart.
Short-term execution background
The stock price is above the 20-period EMA of the 15-minute chart at $372.68 and the middle band of the Bollinger Bands at $372.46. However, both the 50-period and 200-period EMA are above that level, at $375.06 respectively.
The 15-minute chart RSI14 shows a value of 49.52, which is below 50. The MACD line is at -0.99, which is higher than the signal line of -1.42, forming a positive bar chart with a height of 0.43. This represents a somewhat constructive short-term relationship, but it is not sufficient to overcome the resistance on the hourly chart and the mixed daily signals.
News Background and Contextual Situation
Meanwhile, a report released during trading on Friday stated that Tesla has canceled its Cybertruck plans in Australia and New Zealand. According to another report by The Motley Fool before the market opened on Friday, automotive business revenue decreased by 3%, while energy generation and storage revenue fell by 16%. These reports provided a corporate context for the day's trading.
Bullish scenario
A bullish scenario requires Tesla's stock price to hold above the 20-day moving average of $370.95 on the daily chart. If it can break through the hourly moving averages of $374.09 and $375.39, this scenario will be strengthened.
If it further breaks above the 200-day moving average of $377.22 and the daily pivot point of $379.05, it will provide broader confirmation. Above that, the daily level of $384.39 and the upper Bollinger Band of $390.33 will serve as further resistance levels.
Bearish scenario
On the contrary, if it falls below $370.95, that would weaken the bullish scenario. The next set of daily reference levels are the middle band of the Bollinger Bands at $369.92, S1 at $369.24, and the 50-day EMA at $367.16.
If it further falls below the intraday low of $365.3, that would invalidate the scenario established on these support levels.
Overall, Tesla is still within the range of the 20-day EMA at $370.95 and the 200-day EMA at $377.22 on the daily chart, with the hourly moving average also located above this range. The daily ATR14 is at $12.57, indicating that volatility continues to affect both scenarios. The unresolved question is whether the stock price will be able to break through this resistance level or fall below the daily support level below it.
Frequently Asked Questions
What is the current daily trend structure of Tesla's stock price?
Tesla's stock price maintains a neutral daily chart structure. The stock price is above the 20-day EMA of $370.95 and the 50-day EMA of $367.16, but below the 200-day EMA of $377.22. This mixed arrangement indicates that the 20-day EMA is below the market level, while the 200-day EMA is still above it.
What are the key support and resistance levels for Tesla's stock price?
Key support levels include the 20-day EMA at $370.95 on the daily chart, the middle band of the daily Bollinger Bands at $369.92, the S1 at $369.24 on the daily chart, and the 50-day EMA at $367.16. Resistance levels include the EMA at $374.09 and $375.39 on the hourly chart, the 200-day EMA at $377.22 on the daily chart, the daily pivot point at $379.05, and the R1 at $384.39 on the daily chart.
What does the hourly chart show?
The hourly chart shows that the stock price is below the 50-day EMA of $374.09 and the 20-day EMA of $375.39, but above the 200-day EMA of $369.82. The hourly chart RSI14 indicates a value of 46.3, which is below 50. The MACD line is at -0.73, which is lower than the signal line of -0.62, and the bar chart shows a value of -1.35.
Cryptonomist and the author do not hold any positions in the financial instruments mentioned in this text, nor have they received any compensation from the companies reported.
This article was generated with the assistance of artificial intelligence and has been reviewed by an editorial team.
