Squeeze Play: TSLA Preps for Breakout at $402.51
Neutral
Mar 2, 2026 at 1:58 AM
•
$402.51
(-1.49%)
The stock of Tesla Inc (TSLA) dropped 1.49% to close at $402.51 on March 2.
Key indicators suggest a mixed bias:
Moving Averages
Price sits below both the 9-day ($409.88) and 21-day ($415.87) EMAs, suggesting short-term weakness.
Momentum
RSI at 41.2 is neutral but improving. MACD reads -6.99 against its -7.17 signal line (bullish).
Volatility
Volatility has been compressing for 20 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $396.34.
Watch $396.34 as support and $431.36 as resistance.