Investors cautious on TSLA due to overbought conditions, expecting a temporary decline

From Barchart: 2025-01-02 09:15:02

TSLA stock was a top performer in 2024, but concerns of being overbought could lead to a temporary correction.

Investors are keeping a close eye on Tesla’s stock as it may experience a short-term decline due to being overbought.

Despite its strong performance, TSLA stock is facing potential correction as it may have reached an overbought condition in the market.



Read more at Barchart: Statistical Trends and Technical Analysis Incentivize a Bearish Approach Against Tesla (TSLA)