Gary Black warns Tesla Stock could break below $300 as RSI hits 27

Tesla Stock is in a precarious position, trading at $307.44 on July 28. TSLA hugs the lower daily Bollinger Band. The trend is firmly bearish across every major timeframe. Momentum is deeply negative. The central question is whether the $300 level can hold.

Key takeaways

• Tesla Stock trades at $307.44, pinned just above its daily lower Bollinger Band at $306.47.
• Daily RSI sits at 27.03 — deeply oversold — while the MACD histogram continues to widen negatively.
• All major EMAs (20, 50, 200) remain far above price, confirming a stacked bearish alignment.
• The hourly MACD histogram has turned positive, hinting at short-term momentum deceleration.
• A break below $300 would open the door to further downside, with S1 support at $301.70.

Tesla Stock Daily Chart Defines the Bear Case

The daily chart for Tesla Stock paints an unambiguously bearish picture. Price is trapped far below all major moving averages. At $307.44, it trades well below the EMA20 at $365.79, the EMA50 at $385.67, and the EMA200 at $396.11. This stacked bearish alignment reflects months of sustained selling, not a temporary pullback.

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