I'll pull the daily and weekly technical data for $TSLA to give you a proper analysis.

TSLA Technical Analysis

Latest data as of: Friday, 31 July 2026 — $TSLA Closed at $311.21

Daily Timeframe

1. Bias: Bearish (Confidence: High)
2. Regime: Expansion / Trending (down)
3. Price & Trend: Brutal one-month breakdown. Price collapsed from ~$419 (July) to $311, carving lower highs/lower lows. Closed below every major moving average — EMA8 $321, EMA21 $352, SMA50 $390, SMA200 $411 — a fully bearish MA stack in expansion. The July 23 session printed a massive 115M-share distribution candle (versus ~45M avg) confirming institutional selling.
4. Key Signals:
   • EMA stack fully bearish & spreading — EMA8 ($321) < EMA13 ($335) < EMA21 ($352) < EMA34 ($367) < EMA55 ($378) < EMA89 ($387). Trend-following data, not noise.
   • MACD -25.72 with histogram -6.93 and still expanding downward — momentum accelerating lower, confirming the trend.
   • Price below Keltner bottom ($326) and hugging the lower Bollinger band — in a downtrend this is weak price, not mean-reversion fuel yet.
   • RSI 31.70 — low, but in a downtrend this reads as weakness, not a buy signal. No bullish divergence yet.
   • Price broke below both SMA50/SMA100 — institutional posture turned bearish.
5. Confluence: First resistance cluster at $352 (EMA21 + Keltner middle + prior breakdown shelf). Second at $390 (SMA50). Downside support cluster at $283–302 (lower Bollinger + recent reaction lows $297–301).
6. Patterns: July 23 was a high-volume bearish marubozu/breakdown bar — fairly decisive. No reversal pattern formed at current levels; nothing to fade on yet.

Weekly Timeframe

Weekly confirms the daily and, per methodology, takes precedence — it's a completed weekly close of $311.21 (week of July 27).

1. Bias: Bearish (Confidence: High)
2. Regime: Trend breakdown
3. Price & Trend: Weekly closed below SMA50 ($406) and SMA100 ($360), the biggest weekly bearish candle of the series printed on massive volume ($275M-share week). EMAs stacked bearish. Weekly RSI 34.95, MACD -14.04 with the histogram still expanding down — momentum not yet exhausted.
4. Key Signals: Weekly MACD bearish and widening; weekly RSI weak and falling; price closed below the prior weekly swing low on a high-volume weekly outside/breakdown bar. No sign of stabilization.

Trade Plan (trend-following bias)

• Bearish continuation: Fade strength back into the $352 resistance confluence. Entry on a lower-high rejection near $352, stop above $367 (EMA34/prior shelf), target the $283–302 support zone (Bollinger bottom + reaction lows). Roughly 1:2 R/R.
• No bottom-picking: Do not buy the dip here — RSI is low but in a downtrend, MACD is still accelerating down, and there's no bullish divergence or reversal candle at a confluence level yet.
• Invalidation of bearish thesis: A daily close back above $390 (SMA50) would break the institutional downtrend and force reassessment.

Fundamental data as of Thursday, 30 July 2026: Market cap $1.22T, P/E 286.8 (forward 135.04, PEG 5.72) — extremely rich on any absolute basis, consistent with a high-multiple growth name in a de-rating phase. Beta 1.87 (high volatility), short float 2.56% (low squeeze risk), insider ownership 30%.

The chart captures the vertical breakdown — a high-volume breakdown bar on July 23 through SMA50/SMA100, followed by continued lower lows into $297 before the current $311 stabilization. As long as price stays under the $352 EMA21 shelf, the path of least resistance remains lower.