Tesla's charts look attractive as the new year approaches. Here's why

December 23, 2025

TL;DR

Tesla stock exhibits key bullish technical highlights including a major breakout to new highs.
Old resistance levels are expected to act as new support, providing defined downside risk protection.
Momentum indicators like RSI and MACD are showing buy signals and pointing towards higher prices.
A 5-year weekly chart confirms these technical themes, with momentum indicators not near extreme levels.
A 10-year weekly chart reveals a cup and handle formation with potential upside targets around $600.
The downside risk is estimated at approximately 13%, with a defined failure point around $420.
The upside target of over 25% into the $600 area is considered likely given the setup.

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