A very red day for Tesla stock price after a -7.27% fall in the Thursday trading session

The Tesla stock price fell by -7.27% on the last day (Thursday, 10th Apr 2025) from $272.20 to $252.40. During the last trading day the stock fluctuated 9.68% from a day low at $239.33 to a day high of $262.49. The price has fallen in 7 of the last 10 days and is down by -7.59% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -35 million shares and in total, 179 million shares were bought and sold for approximately $45.19 billion.

On Apr 02, 2025, it was reported that Cantor Fitzgerald gave TSLA a "Overweight" grade with a "hold" action.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $247.59, a level that may pose a second chance to hit a runner. According to fan-theory $350.75 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tesla stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $252.75 and $264.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 25, 2025, and so far it has fallen -12.40%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

On the downside, the stock finds support just below today's level from accumulated volume at $239.43 and $233.29.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tesla finds support just below today's level at $239.43. If this is broken, then the next support from accumulated volume will be at $233.29 and $222.15.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $23.16 between high and low, or 9.68%. For the last week, the stock has had daily average volatility of 15.11%.

Tesla holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.