EV / Clean Energy Scan — July 24, 2026 Close
EV / Clean Energy Scan — July 24, 2026 Close
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.
Related
10 eventsNo direct external sources are attached to this read.