Technical analysis by FOREXcom about Symbol TSLAX on 12/16/2025

Tesla’s stock has achieved a streak of three consecutive bullish sessions, recording a gain of more than 5% over that period. For now, buying pressure has remained firm following recent announcements indicating that the company has confirmed unsupervised robotaxi testing, a development that could mark a significant milestone in Tesla’s autonomous vehicle program and become a project with major long-term impact. This announcement has reinforced confidence in the stock in recent sessions and may continue supporting consistent buying pressure in the coming days. Long-Term Uptrend Remains Intact It is important to remember that Tesla’s bullish movements have maintained a consistent upward trend since April of this year. In recent sessions, buying pressure has strengthened again, even pushing the price toward the 480-dollar zone — a level not seen consistently since December 2024. If buying pressure remains stable in the short term, the long-term uptrend could continue dominating Tesla’s price action toward year-end. However, it is also important to consider that confronting current highs may create room for short-term bearish corrections. RSI At the moment, the RSI line continues to oscillate above the neutral 50 level, indicating that buying momentum still dominates short-term price action. However, the RSI is now approaching the overbought zone (70), which may signal a potential imbalance in momentum and open the door for short-term pullbacks. ADX The ADX line remains below the 20 level, suggesting a period of neutrality in average volatility over the last 14 sessions. This indicates that unless a stronger directional move occurs in the short term, a phase of persistent indecision may continue, potentially leading to temporary bearish corrections. Key Levels to Watch: 480 dollars – Crucial resistance: A level not seen since 2024 and a major high for 2025. Sustained buying above this level could reinforce the bullish bias and potentially push the price toward the psychological 500-dollar mark. 437 dollars – Nearby support: This level aligns with the 50-period moving average and may act as initial support should short-term bearish corrections occur. 391 dollars – Final support: This level corresponds to recent lows. A pullback toward this zone could reactivate a bearish bias and put the current bullish structure at risk. Written by Julian Pineda, CFA, CMT – Market Analyst