Tesla (TSLA) Technical: Bearish reaction from 200-day MA with weak relative strength

Market Pulse
2026.04.22 06:20
portai
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Tesla (TSLA) has underperformed the broader market, down ~4% post US-Iran ceasefire, and is down 14.1% year-to-date. Technical indicators show a bearish bias, with rejection at the 200-day moving average and potential for a "Double Top" formation. A break below 363.80 could lead to further declines towards 337-288. Momentum indicators confirm weak relative strength against the S&P 500, suggesting continued underperformance unless TSLA breaks above 417.40.