The daily bias for Tesla's stock is neutral, with the 20-day and 50-day exponential moving averages (EMAs) below the current price, while the 200-day EMA is above. The stock is currently trading above the 20-day and 50-day EMAs but below the 200-day EMA. Meanwhile, resistance on the hourly chart limits upside potential, and signals on the 15-minute chart offer only limited short-term support.
On Friday, October 23, 2026, Tesla opened at $373.13, with an intraday low of $365.30 and a high of $377.31. As of 3:37 PM Eastern Time, the stock was trading at $373.20, down 0.37% from the previous close. Trading was still ongoing. Tesla opened at $373.13, fluctuated between $365.30 and $377.31 during the session, and last traded at $373.20, compared to the prior close of $374.58.
Key points
- As of 3:37 PM Eastern Time, Tesla's stock price is $373.20, down 0.37% from the previous close.
- The daily RSI(14) is 52.05, slightly above the neutral 50 threshold; the daily MACD histogram is -0.07, below the zero line.
- The stock price is above the 20-day EMA at $370.95 and the 50-day EMA at $367.16, but below the 200-day EMA at $377.22.
- The 14-period RSI on the hourly chart is 46.3, below 50; the hourly MACD histogram is -1.35.
Tesla stock price: Daily 20-day EMA meets the 200-day EMA above
Daily trend structure
The 20-day EMA on the daily chart is at $370.95, above the 50-day EMA at $367.16. Both are below the current price, providing reference levels for a bullish scenario. However, the 200-day EMA at $377.22 remains above. This configuration suggests a mixed state rather than a clear bullish trend.
Daily momentum reading
The daily RSI14 is at 52.05, slightly above the neutral 50 threshold. The MACD line is at 2.71, below the signal line at 2.78, forming a negative histogram of -0.07. Thus, the positive RSI reading is not confirmed by the MACD relationship. Neither indicator shows a clear directional advantage.
Daily price fluctuations and pivot points
Meanwhile, the stock price remains below the daily pivot level of $379.05 and above the first support level S1 at $369.24. The first daily resistance level R1 is at $384.39. These pivot levels are derived from the previous complete daily candle and apply to the current trading session.
Tesla stock price: Hourly chart resistance limits upside potential
Hourly chart trend and momentum
On the hourly chart, the price is below the 50-hour EMA at $374.09 and the 20-hour EMA at $375.39, but remains above the 200-hour EMA at $369.82. This indicates resistance above in the short term, but a fully bearish setup has not yet formed.
The 14-period RSI on the hourly chart is 46.3, below 50. The MACD line is at -0.73, below the signal line at 0.62. The histogram at -1.35 further reinforces a bearish adjustment to the neutral daily outlook.
However, the stock price is above the hourly pivot point at $372.08 and the first hourly resistance level R1 at $372.84. The price remains below the hourly Bollinger Band middle line at $379.26, so even above the pivot point, it is insufficient to overcome broader hourly resistance.
Short-term execution context
The price is above the 15-minute chart's 20-period EMA at $372.68 and the middle Bollinger Band at $372.46. However, the 50-period and 200-period EMAs are both above, at $375.06.
The 15-minute RSI(14) is at 49.52, below 50. The MACD line is at -0.99, above the signal line at -1.42, forming a positive histogram of 0.43. This indicates a slightly constructive short-term relationship, but it is insufficient to overcome the hourly resistance and mixed daily signals.
News background and conditional scenarios
Meanwhile, a report published during Friday’s trading session stated that Tesla has canceled its Cybertruck plans in Australia and New Zealand. Additionally, The Motley Fool reported before Friday’s market open that automotive revenue declined by 3% and energy generation and storage revenue fell by 16%. These reports provided company-specific context for that day’s trading.
Bullish scenario
The bullish scenario requires Tesla's stock price to hold above the daily 20-day EMA at $370.95. A breakout above the hourly moving averages at $374.09 and $375.39 would strengthen this scenario.
A broader confirmation would be provided if the price moves above the daily 200-day EMA at $377.22 and the daily pivot point at $379.05. Further above, the daily R1 at $384.39 and the upper Bollinger Band at $390.33 serve as additional resistance levels.
Bearish scenario
Conversely, a break below $370.95 would weaken the bullish scenario. The next set of daily reference levels are the Bollinger Band middle line at $369.92, S1 at $369.24, and the 50-day EMA at $367.16.
A further break below the intraday low of $365.30 would invalidate the scenario built on these support levels.
Overall, Tesla remains trading between the daily 20-day EMA at $370.95 and the daily 200-day EMA at $377.22, with the hourly moving averages also positioned above. The daily ATR(14) of $12.57 indicates that volatility continues to influence both scenarios. The outstanding question is whether the stock can break above this resistance structure or lose support below the daily levels.
Frequently Asked Questions
What is the current daily trend structure of Tesla's stock price?
Tesla's stock maintains a neutral daily structure. The price is above the 20-day EMA at $370.95 and the 50-day EMA at $367.16, but below the 200-day EMA at $377.22. This mixed alignment indicates that the 20-day EMA is positioned below the market, while the 200-day EMA remains above.
What are the key support and resistance levels for Tesla's stock?
Key support levels include the daily 20-day EMA at $370.95, the daily Bollinger Band middle line at $369.92, the daily S1 at $369.24, and the 50-day EMA at $367.16. Resistance levels include the hourly EMA at $374.09 and $375.39, the daily 200-day EMA at $377.22, the daily pivot point at $379.05, and the daily R1 at $384.39.
What does the hourly chart show?
The hourly chart shows the price below the 50-hour EMA at $374.09 and the 20-hour EMA at $375.39, but above the 200-hour EMA at $369.82. The hourly RSI(14) is 46.3, below 50. The MACD line is -0.73, below the signal line at 0.62, with a histogram of -1.35.
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This article was generated with the assistance of artificial intelligence and reviewed by the editorial team.