Elon Musk Thanks Micron During Tesla Earnings Call: Here's Why
📊 TSLA — Piyasa Yorumu
▼ down · 65%Despite a 4.27% decline in the last close and an RSI of 32.85 approaching oversold territory, TSLA is trading below both its 20-day and 50-day moving averages. The MACD line is below the signal line and in negative territory, confirming weak short-term momentum. While the news headline points to a positive collaboration with Elon Musk thanking Micron, this is not expected to be sufficient to reverse TSLA's current technical weakness. Selling pressure is likely to persist in the near term, though the pace of decline may be limited due to the oversold condition.
📊 MU — Piyasa Yorumu
▼ down · 70%MU shares experienced a sharp decline of 17.3% in the last 24 hours, closing at 820.68. While the RSI at 35.13 approaches oversold territory, the MACD line remains below the signal line and in negative territory. Trading well below the 20-day and 50-day moving averages (873.29 and 918.01, respectively) suggests that short-term weakness may persist. Although Elon Musk's acknowledgment is a positive development, the deterioration in technical indicators and the steep decline indicate that investor confidence has yet to recover. Therefore, downward pressure is expected to continue in the near term.