Tesla, Inc.s stock price (TSLA) declined in latest intraday trading, under continued negative pressure from trading below the 50-day SMA, with negative signals streaming from the Stochastic despite it reaching oversold levels. The recent drop also resulted in a break below a short-term upward correctional trend line, adding further negative pressure on the stock.

Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $318.45 holds on, targeting the support level of $273.20.

Todays price forecast: Bearish