Tesla Stock Drops 4% as China Recall Clashes With Bullish MACD Signal

Tesla stock closed Monday at 348.95, sharply off its 363.24 intraday high. A recall affecting nearly 3 million vehicles in China dragged shares down close to 4%. The rejection candle settled near the low of the range, sending a cautious message even as some momentum readings argue otherwise.

Key takeaways

• Tesla stock closed Monday at 348.95, down close to 4% after a China recall covering nearly 3 million vehicles.
• The daily MACD prints a bullish crossover (histogram 5.64), but the rejection from 363.24 undercuts that signal.
• Price holds above the 20-day EMA (342.75) yet sits roughly 9% below the 200-day EMA (383.95).
• The 1-hour RSI (45.52) and negative MACD histogram (-1.53) confirm fading intraday momentum.
• Key levels: daily pivot 353.48, support at 343.73, resistance at 358.71.

Tesla Stock Price Structure: Caught Between Recovery and Rejection

Tesla stock is caught between recovery and rejection on the daily chart, trading above its 20-day EMA but below its 50-day and 200-day averages. That positioning keeps the broader structure tilted toward a longer-term downtrend rather than a confirmed reversal.

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