Tesla stock price chart on the daily candle

On the daily candle, the "Tesla stock price chart" is holding above the 50-day moving average, a strong signal for trend traders. Institutional order flow shows steady inflows, adding credibility to bullish patterns. However, in Thursday’s trading session, the stock closed below the prior day’s low to form a bearish engulfing pattern , a candlestick formation that warns of a potential move lower. Moreover, yesterday’s selling saw the relative strength index fall to its lowest level since early September, signaling weakening price momentum in the stock. Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. Breakout traders watch this channel closely, anticipating moves triggered by macroeconomic policy shifts.