Chart Analysis

Based on the technical indicators mentioned:

Bearish Indicators:

The stock is trading below both its 50-day and 200-day moving averages.

The MACD is negative, indicating bearish momentum.

RSI is approaching oversold levels, which can sometimes signal a potential rebound.

Bullish Indicators:

The RSI nearing 30 could indicate that the stock is oversold, potentially leading to a short-term bounce.

The stock has a support level around $175, which could provide a buying opportunity if it holds.

Conclusion

The technical analysis suggests that Tesla (TSLA) is currently in a bearish trend, with the stock trading below its major moving averages and negative MACD. However, the RSI is nearing oversold levels, which could indicate a potential rebound if the stock finds support around $175. For Tesla to reach $200 by Friday, it would need a significant bullish catalyst or a strong market rally.

For traders:

Bullish Scenario: If you believe a positive catalyst is imminent, consider entering near the support level of $175 with a stop loss slightly below.

Bearish Scenario: If you expect continued downward pressure, watch for a break below $175, which could lead to further declines.

For long-term investors, maintaining a "Hold" position aligns with the current analyst consensus, while keeping an eye on fundamental developments and broader market trends.