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Tesla investors just closed out the worst half-yearly run since June 2019, and the electric-car maker’s shares are approaching a technical level that some chart watchers see as a harbinger of further losses.
The lackluster performance in recent months has culminated with the stock now on the verge of a so-called death cross. That’s when a security’s average price over the last 50 days falls below that of its 200-day moving average. It’s a closely watched technical measure that may portend a period of continued declines. In Tesla’s case, the last time shares formed this trading pattern was in February 2019
