Tesla shares show signs of slowing decline ahead of strong support

The TSLA daily chart shows that the current downtrend, which originated in late December, persists. However, there is light at the end of the tunnel, as this decline has slowed over the past few sessions. Previously, the share price fell to $380.88 but then reversed, closing the trading day at $398.13. The $380 support level—established last November—seems to maintain its significance to the market. If quotes drop to this threshold, another rebound might follow.

The Chaikin Oscillator signals a potential shift in short-term dynamics, flying in positive territory and climbing higher, even though the price has not yet reflected such optimism. This technical setup often precedes an upward reversal, indicating that sellers’ grip is weakening while buying momentum is gaining traction.

The Stochastic Oscillator is singing the same tune. Its %K and %D lines are currently sitting in the neutral zone, near 51—a telltale sign of market uncertainty and the retreat of bears. For now, however, there are no signals of an imminent rebound; we only can observe a slowdown in the decline. Nevertheless, the positive Chaikin Oscillator, in tandem with neutral Stochastics, creates a moderately bullish technical environment.

Fundamental factors are mixed. With Sendil Palani stepping down as Tesla's Vice President of Finance after 17 years, investor skepticism about management stability is growing. In addition, the NHTSA investigation into the Full Self-Driving system is putting extra regulatory pressure on the stock. Given the company’s plans to expand its robotaxi service to nine cities in the first half of 2026, the current uncertainty does not benefit the tech giant and casts a shadow over its ambitions for the new project.

Keep in mind the following trading plan:

Buy TSLA at current levels, anticipating an exit from the downward channel. The technical setup signals a short-term recovery if the $380 support holds. Place Take profit at $417. Set Stop loss at $365.

This forecast remains relevant between March 10 and March 17, 2026.