Could Tesla's stock bounce back? New data from a crucial indicator says yes

The EV industry has been hit hard by various challenges, impacting production and demand and leading to bankruptcies and struggling companies. Tesla (NASDAQ: TSLA), as a major player in this industry, has also suffered significant setbacks.In 2024 alone, Tesla’s stock has declined by a troubling 36%, making it one of the worst-performing stocks in the S&P 500 and the ‘Magnificent Seven’ group.Despite the recent downturn, a particular technical indicator is showing promise. Historically, when Tesla’s weekly ...