EV / Clean Energy Scan — July 24, 2026 Close

Scan

EV / Clean Energy Scan — July 24, 2026 Close

raw scan snapshot — prices as of scan date, not live 38 rows · screens, not recommendations prior scanresearch/scans/2026-07-17-ev-clean-energy.md

The oversold band widened from 13 to 19 of 22 names this week — the most crowded reading of any scan on the desk — and TSLA is the new addition that stands out most: RSI collapsed from 42.5 to 28.1 on a -17.81% weekly decline, its worst week in this dataset. LCID's explosive reversal from two scans ago fully unwound, exactly as flagged — RSI gave back from 63.2 to 51.4 as the 7-day change flipped from +32.61% to -14.4%. BE and TE both kept breaking down for a fourth straight scan, with BE's 30-day change worsening to -43.32% and TE's to -41.38%, both still carrying the engine's "intact" flags where BE is concerned against a chart that has shown no basing evidence in a month.

Data as-of 2026-07-24 close. All numbers from precomputed summaries/ev-clean-energy.json. Prior scan: 2026-07-17-ev-clean-energy (2026-07-17, data as-of 2026-07-17 close).

Quick Snapshot

Signal Reading
Overall 🔴 Broadly weak and getting more so — 19 of 22 names now sit in the oversold band, up from 13 last scan, with no basing evidence anywhere in the group.
Key insight TSLA broke down hard this week — RSI 42.5→28.1 on a -17.81% 7-day decline — joining the oversold cohort for the first time in recent scans.

What's Going On

This was a broadly weak week that got weaker. TSLA is the standout move: it wasn't oversold last scan (RSI 42.5), but this week it fell -17.81%, pushing RSI down to 28.1 — its worst print in this dataset and now firmly in the oversold band alongside the rest of the group. The engine's thesis flag on TSLA still reads "intact," a gap between the technical picture and the underlying call worth flagging.

LCID is the other major mover, but in reverse. Last scan it exploded +32.61% in a week, and this scan's playbook explicitly flagged that move as "chase risk, not an entry." That call played out: LCID's RSI fell from 63.2 to 51.4 this week as the 7-day change flipped from +32.61% to -14.4%, giving back much of the prior pop even though the 30-day change (+22.33%) is still positive.

BE and TE both continued breaking down for a fourth consecutive scan with no reversal evidence. BE fell further, its 30-day change worsening from -34.64% to -43.32%, still golden-cross and still flagged thesis "intact" by the engine despite a chart that keeps deteriorating. TE fell again too — 7-day -14.38%, 30-day change now -41.38% — its third straight rough week.

ALB deepened to RSI 25.3, right at the edge of true capitulation and the deepest print in the entire watchlist. The broader oversold cohort — now 19 of 22 names — spans everything from ALB and TSLA at the bottom to names like ENS and SQM sitting just under the 40 line, with no name in that group showing a clean reversal signal.

What Changed Since Prior Scan (2026-07-17 → 2026-07-24)

  • TSLA broke down: RSI 42.5→28.1, price $380.84→$313.03, 7D -6.60%→-17.81%, 30D -4.91%→-16.64% — the sector's worst move this week, and a new entrant to the oversold band.
  • LCID fully round-tripped its reversal: RSI 63.2→51.4, price $7.36→$6.30, 7D +32.61%→-14.4%, 30D +37.31%→+22.33% — the "avoid chasing" call from last scan played out.
  • BE kept breaking down: RSI 39.0→36.2, 7D -12.12%→-13.99% (single-day move was -14.91%), 30D -34.64%→-43.32% — a fourth straight weak scan, still thesis "intact" per the engine.
  • TE fell again: RSI 34.7→30.6, 7D -14.74%→-14.38%, 30D -37.54%→-41.38%.
  • NIO and XPEV both dropped into oversold: NIO RSI 42.6→31.9 (7D +2.09%→-7.99%), XPEV RSI 46.9→36.3 (7D +3.84%→-8.87%).
  • SEDG fell sharply: RSI 47.3→35.0, 7D -3.10%→-20.33%, 30D -7.89%→-14.35%.
  • ALB deepened: RSI 28.3→25.3, now the closest name in the group to true capitulation.
  • Oversold breadth widened: 13 of 22 names last scan → 19 of 22 this scan.

How To Read The Board

"Golden cross" (RIVN, BE, PLUG, ENPH, SEDG, FSLR, LIT, SQM, DRIV, KARS, TAN, ICLN, NXT, ENS, TE) confirms a longer-term uptrend, but it does not update as fast as price — BE and TE both still carry one after four consecutive weak scans, which is why the trend labels ("weak-down" for BE, "down" for TE) matter more than the cross for a near-term read. "Death cross" names (TSLA, BYDDY, LI, NIO, XPEV, LCID, ALB) are the core EV-maker and lithium cohort, structurally separate from the golden-cross clean-energy/industrial names. RSI below 30 (TSLA, ALB) flags oversold, not a buy — a falling-knife name in a "down" or "collapse" regime is a value trap until the trend itself turns. The "thesis" flags (TSLA and BE both carry "intact" this scan) are separate, engine-level calls about the underlying business case that continue to lag the chart for both names — a caveat, not a green light.

Price Table

Stock Price RSI SMA20 vs SMA 7D% 30D% Signal
BYDDY $11.12 54.9 $10.63 +4.6% -1.68% +15.71%¹ 🟡 Neutral
LCID $6.30 51.4 $6.28 +0.4% -14.40% +22.33% 🟡 Neutral
RIVN $15.84 44.0 $17.31 -8.5% -9.23% +8.20% 🟡 Neutral
SQM $68.73 39.7 $71.37 -3.7% -1.55% -9.06% 🟢 Oversold
LI $12.12 39.5 $12.20 -0.6% -2.18% -2.18% 🟢 Oversold
NXT $100.03 39.5 $108.12 -7.5% -2.98% -14.26% 🟢 Oversold
ENS $190.75 37.5 $205.50 -7.2% -2.95% -12.88% 🟢 Oversold
XPEV $12.33 36.3 $13.15 -6.2% -8.87% -1.20% 🟢 Oversold
BE $184.89 36.2 $244.62 -24.4% -13.99% -43.32% 🟢 Oversold
SEDG $42.60 35.0 $52.43 -18.8% -20.33% -14.35% 🟢 Oversold
DRIV $33.45 34.7 $35.87 -6.7% -1.48% -11.54% 🟢 Oversold
TAN $51.28 34.5 $55.03 -6.8% -4.86% -11.83% 🟢 Oversold
ICLN $17.78 33.9 $19.08 -6.8% -3.21% -13.18% 🟢 Oversold
LIT $67.81 32.4 $72.24 -6.1% -0.83% -13.69% 🟢 Oversold
ENPH $36.70 32.3 $43.23 -15.1% -11.72% -23.25% 🟢 Oversold
FSLR $202.82 32.2 $221.21 -8.3% -4.33% -18.34% 🟢 Oversold
NIO $4.49 31.9 $4.86 -7.6% -7.99% -8.37% 🟢 Oversold
PLUG $2.09 31.9 $2.36 -11.4% -3.69% -19.92% 🟢 Oversold
KARS $28.53 31.3 $30.28 -5.8% -3.39% -9.92% 🟢 Oversold
TE $5.00 30.6 $7.10 -29.6% -14.38% -41.38% 🟢 Oversold
TSLA $313.03 28.1 $388.72 -19.5% -17.81% -16.64% 🟢 Oversold
ALB $114.85 25.3 $126.12 -8.9% -4.91% -22.31% 🟢 Oversold

¹BYDDY's 30D change (+15.71%) held up despite a negative week — a carryover effect from earlier strength, not new momentum.

Tier Analysis

Capitulation (RSI<25): None, though ALB (25.3) sits right at the doorstep.

Oversold (25-40): 19 of 22 names — ALB, TSLA, TE, KARS, PLUG, NIO, FSLR, ENPH, LIT, ICLN, TAN, DRIV, SEDG, BE, XPEV, ENS, NXT, LI, SQM — the widest oversold band of any scan this week, up from 13 last scan, with no basing evidence anywhere in the group.

Neutral/Strong (40+): Only RIVN, LCID, and BYDDY — down from 9 names last scan.

NEW BREAKDOWN: TSLA ($313.03, RSI 28.1, -35.91% from high) fell out of neutral into oversold in a single week — the sharpest move in the batch.

REVERSAL PLAYED OUT: LCID ($6.30, RSI 51.4, -78.99% from high) gave back most of its explosive prior-scan pop, as the "chase risk" call flagged.

CONTINUED BREAKDOWN: BE ($184.89, RSI 36.2, -38.14% from high) and TE ($5.00, RSI 30.6, -54.52% from high) both fell for a fourth straight scan with no sign of stabilizing.

DEEPEST PRINT: ALB ($114.85, RSI 25.3, -47.10% from high) is the closest name in the group to true capitulation.

Entry Zones

Stock Price RSI 30D% Setup
TSLA $313.03 28.1 -16.64% Newly oversold after a sharp breakdown; no basing evidence, thesis flag "intact" doesn't override the chart
LCID $6.30 51.4 +22.33% Round-tripped its explosive move; watch where it actually finds support before treating as a setup
ALB $114.85 25.3 -22.31% Deepest oversold print in the group, right at the capitulation border; no reversal evidence
BE, TE $184.89 / $5.00 36.2 / 30.6 -43.32% / -41.38% Both broke down for a fourth straight scan; wait for a real base
Broad 25-40 cohort (19 names) 25-40 -1% to -23% Oversold but falling-knife profiles across the board — no reversal evidence, skip per trend-hold rules

Action Matrix

Action Stocks Why
⚠️ AVOID TSLA Newly oversold after a sharp breakdown, no reversal evidence
🔍 WATCH LCID Round-tripped its explosive move; confirm where it actually finds support
❌ DON'T BUY ALB, LIT, PLUG, FSLR, DRIV, KARS, TAN, ICLN, ENS, SQM, ENPH, NXT, NIO, XPEV, LI Oversold but falling-knife profiles across the board — no reversal evidence
⚠️ AVOID BE, TE Both broke down for a fourth straight scan; no basing evidence
🔍 WATCH RIVN, BYDDY The only two names outside the oversold band; neither shows a clean setup either way

What To Watch Next

Watch Why it matters
TSLA's next move Confirm whether the RSI 28.1 print finds a base or keeps falling toward true capitulation
ALB's next print Closest name in the group to a sub-25 RSI reading
BE/TE's thesis-vs-chart gap Now four scans running with the engine flagging "intact" (BE) against a steadily worsening technical picture
Breadth of the oversold band 19 of 22 names are now oversold, up from 13 last scan — watch for the first name to actually reverse trend, not just RSI

Sources

  • Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-24 close — ev-clean-energy.
10 events

No direct external sources are attached to this read.