London Daily

Focus on the big picture.
Wednesday, Mar 12, 2025

Tesla's Stock Falls Below Another Key Chart Level, Dipping Into a ‘Gap’ Support Zone

Tesla's Stock Falls Below Another Key Chart Level, Dipping Into a ‘Gap’ Support Zone

Tesla Inc.'s stock fell below another key chart level on Wednesday, dipping into a "gap" support zone that could lead to further losses.
The stock (ticker: TSLA) fell as much as 4.6% to an intraday low of $153.21, before paring some losses to be down 3.4% in afternoon trading.

The decline came after the stock broke below the 50-day moving average, a key technical support level. The 50-day moving average is currently at $161.17.

The stock also fell below the 38.2% Fibonacci retracement level of the rally off the January 3 low of $108.10 to the February 14 peak of $214.24. The Fibonacci retracement levels are a series of technical levels that are used by traders to identify potential support and resistance levels.

The stock is now trading in a "gap" support zone. A gap is a price gap that occurs when the price of a stock opens significantly higher or lower than its previous close. Gaps can be caused by a number of factors, including news events, earnings announcements, or changes in investor sentiment.

Gap support zones are areas where the price of a stock has previously traded and is expected to find support. If the stock falls below the gap support zone, it could lead to further losses.

Tesla's stock has been under pressure in recent months amid concerns about rising interest rates, supply chain disruptions, and increased competition in the electric vehicle market.

The stock is down about 30% year to date.
Newsletter

Related Articles

0:00
0:00
Close
Ex-Philippine President Rodrigo Duterte Detained in Manila Under ICC Warrant
Mark Carney Chosen as Head of Canada's Liberal Party, Poised to Assume Role of Prime Minister
Russia Kicks Out British Diplomats in Escalated Tensions
Significant Rescue Effort in Progress Following Collision Between Tanker and Cargo Ship in the North Sea
Pope Francis Exhibits Signs of Recovery, Yet Remains Hospitalized
Report of Radioactive Coolant Leak at Europe’s Largest Nuclear Reactor
Trump Administration Launches Self-Deportation App for Undocumented Immigrants
Syria Wraps Up Military Campaign Amid Extensive Violence and Large-Scale Executions
Trump Remarks on the Arrest of a Pro-Palestinian Student at Columbia University
Former Labour MP Mike Amesbury to Resign Following Assault Conviction
Chancellor Rachel Reeves Prepares for Spring Statement Amid Economic Challenges
Home Secretary Denies Public Inquiry into Sir David Amess's Murder
UK Energy Bills to Increase by 80 Pence to Support Discounts for Households Near Pylons
Russian Teacher Under Investigation After Explicit Content Incident in Classroom
Poland Plans Comprehensive Military Training for All Adult Males Amid Enhanced Defense Initiatives
Lithuania Withdraws from Cluster Munitions Convention Amid Security Concerns
Escalating Vandalism Targets Tesla Amid Political Controversies
Former Security Adviser Cautions That UK Troop Presence in Ukraine May Last for Years
Demonstrations Break Out as Individual Ascends Big Ben Carrying Palestinian Flag
Reform UK MP Rupert Lowe Suspended Amid Allegations of Violence and Bullying
Private spacecraft Athena has successfully landed close to the Moon's south pole.
Trump Administration Unveils Gold Card Visa Program Exempting Foreign Assets from U.S. Taxation
Trump Holds White House Summit for Cryptocurrency Leaders Amid Financial Scandals
Ukraine's Foreign Minister Highlights the Importance of the US in Attaining Peace
Trump Discovers Negotiating with Russia More Manageable than with Ukraine During Ongoing Conflict
Google Eliminates Women's History Month and Various Cultural Celebrations from Calendar App
Pope Francis Offers Thanks Despite Continuing Health Issues
King Charles III Reveals Curated Playlist on Apple Music in Anticipation of Commonwealth Day.
Disney's Biggest Cruise Ship Set to Debut in Singapore
Pamela Bach-Hasselhoff, the former 'Baywatch' star, tragically took her own life at the age of 62.
NYPD Detective Encounters Criticism for Viral Music Video Appearance
Trinity College Dublin Honors Eavan Boland by Naming a Building After Her, Signifying a Landmark Achievement
Ex-UK Ambassador Cautions Against a Significant Change in US-UK Relations.
UK Government Confirms Prohibition on Issuing New North Sea Drilling Licences During Shift to Clean Energy
Macron Cautions Against Growing Russian Aggression as U.S. Support for Ukraine Evolves
Trump Offers Short-Term Tariff Waiver to Automakers During Trade Strains
Tesla's UK Sales Increase Despite a Wider European Decline and CEO's Political Engagement
Court Rejects Elon Musk's Request to Block OpenAI's Shift to For-Profit, Accelerates Trial Schedule
Global Scam Operation Takes Advantage of Phony Celebrity Promotions to Swindle Thousands
Assurances from Barclays Chairman Postponed Investigation into CEO's Connections with Jeffrey Epstein
Bank of England Cautions of 'Significant' Risk to UK Economy Due to US Trade Policies
Trump Emphasizes Peace Initiatives and Trade Strategies in Recent Address to Congress
US Administration Dismisses Gaza Reconstruction Plan Proposed by Arab Leaders
Historic Surge in Americans Seeking UK Citizenship Following Trump's Re-election
EU Member States Endorse Gradual Rollout of Entry/Exit System
President Trump Indicates Willingness to Restore U.S.-Ukraine Relations Following Recent Strains
Macron Calls on Europe to Bolster Defense in the Face of Russian Threats and Possible U.S. Withdrawal
Heartbreaking Passing of 20-Year-Old American Bodybuilder Sparks Health Worries
Russia Announces Finalization of Passport Distribution in Occupied Areas of Ukraine.
Macron Contemplates Joint Trip to Washington with Zelensky and the Prime Minister of the UK.
×