Tesla (TSLA) Key Levels to Watch in April as Stock Looks to End 30% Drop
There is no denying that Tesla (TSLA) has emerged as one of the most interesting stock stories to watch this year. The EV manufacturer has struggled throughout the year, with Tesla showing some key levels to watch for investors in April as shares look to reverse their 30% drop this year.
The company had struggled for much of the first three months of 2025. However, it has had days of notable price increases, including Wednesday. The stock jumped more than 5%, as all eyes were back on the automobile company despite a market-wide downturn connected to US President Donald Trump’s increased tariff plan.
Also Read: Tesla Stock: April 2025 Price Prediction (TSLA)
Tesla: What to Watch For This Month as Stock Faces Crucial April
There are few companies that were hit harder on Wall Street this year than Tesla. The Elon Musk-led firm is currently down more than 25% year to date after what was a notable resurgence for shares on Wednesday. Amid the increased volatility, here are the key Tesla stock levels to watch in April as it looks to make up much of its 30% fall this year.
The company is set to see an Elliot Wave Pattern play out. Indeed, after reaching an all-time high in December, TSLA entered a downtrend for much of Q1. That was followed by a pattern with five distinct swings.
Also Read: Tesla (TSLA) Stock Up 14% in 5 Days & Analysts Are Saying This Why
The chart had seen an upward push selling pressure on the 200-day moving average (MA) to meet the relative strength index (RSI) that introduced a local top above the 50 threshold, according to recent analysis. Moreover, that should have traders looking out for a potential death cross.
The bearish signal takes place when the 200-day MA falls below the 50-day MA. In order to help avoid this, Tesla will find critical support at $225. This is the first key stock level to watch for the asset. If bullish traders are unable to hold the line, further drops to $186 could take place.
Moreover, a crucial resistance level to watch is the $360 mark. A rally above that 200-day MA could provide an overhead resistance. Additionally, the stock could break through, headed toward the $421. However, this leaves the stock subjected to potential selling pressure as investors could lock in profits from the surge.
Read More
Tesla (TSLA) Key Levels to Watch in April as Stock Looks to End 30% Drop
There is no denying that Tesla (TSLA) has emerged as one of the most interesting stock stories to watch this year. The EV manufacturer has struggled throughout the year, with Tesla showing some key levels to watch for investors in April as shares look to reverse their 30% drop this year.
The company had struggled for much of the first three months of 2025. However, it has had days of notable price increases, including Wednesday. The stock jumped more than 5%, as all eyes were back on the automobile company despite a market-wide downturn connected to US President Donald Trump’s increased tariff plan.
Also Read: Tesla Stock: April 2025 Price Prediction (TSLA)
Tesla: What to Watch For This Month as Stock Faces Crucial April
There are few companies that were hit harder on Wall Street this year than Tesla. The Elon Musk-led firm is currently down more than 25% year to date after what was a notable resurgence for shares on Wednesday. Amid the increased volatility, here are the key Tesla stock levels to watch in April as it looks to make up much of its 30% fall this year.
The company is set to see an Elliot Wave Pattern play out. Indeed, after reaching an all-time high in December, TSLA entered a downtrend for much of Q1. That was followed by a pattern with five distinct swings.
Also Read: Tesla (TSLA) Stock Up 14% in 5 Days & Analysts Are Saying This Why
The chart had seen an upward push selling pressure on the 200-day moving average (MA) to meet the relative strength index (RSI) that introduced a local top above the 50 threshold, according to recent analysis. Moreover, that should have traders looking out for a potential death cross.
The bearish signal takes place when the 200-day MA falls below the 50-day MA. In order to help avoid this, Tesla will find critical support at $225. This is the first key stock level to watch for the asset. If bullish traders are unable to hold the line, further drops to $186 could take place.
Moreover, a crucial resistance level to watch is the $360 mark. A rally above that 200-day MA could provide an overhead resistance. Additionally, the stock could break through, headed toward the $421. However, this leaves the stock subjected to potential selling pressure as investors could lock in profits from the surge.
Read More