EV / Clean Energy Scan — August 22, 2026 Close
EV / Clean Energy Scan — August 22, 2026 Close
The board split cleanly down the middle this week: the EV-maker complex broadly recovered (TSLA RSI 48.7→58.0, RIVN +10.34% on the week, LI/NIO/XPEV all clearing back out of oversold) while the clean-energy-adjacent industrial names cratered — NXT posted the board's worst weekly move (-14.99%, RSI 47.3→34.3, newly oversold) and TE deepened its decline for a second straight scan (30-day change -23.27%→-26.7%). SEDG remains the board's most damaged long-term structure, sitting -27.2% below its 200-day with a near-flat trailing year. SQM crossed into overbought (RSI 58.7→72.8) on a strong week, and the oversold cohort widened from three names to six.
Data as-of 2026-08-21 close. All numbers from precomputed summaries/ev-clean-energy.json. Prior scan: 2026-08-14-ev-clean-energy (2026-08-14, data as-of 2026-08-14 close) — the summary's own 7-day window runs 2026-08-14 to 2026-08-21, so the comparisons below line up exactly with that prior scan.
Quick Snapshot
| Signal | Reading |
|---|---|
| Overall | 🟡 A board split by sub-sector — EV makers broadly recovered this week while clean-energy/industrial names (NXT, TE, ENS, BE) weakened, several dropping below their 200-day averages. |
| Key insight | The oversold cohort widened from 3 to 6 names, but the composition flipped: NIO and XPEV cleared oversold while LCID, TAN, ICLN, TE, and NXT newly entered. |
What's Going On
TSLA continued clearing out of its earlier weakness: RSI climbed from 48.7 to 58.0, price from $342.27 to $362.86, and the week alone added +6.02%. TSLA still sits 10% below its 200-day average ($403.32) despite a positive trailing year (+13.35%) — the engine's own thesis flag still reads "intact," but on the technical test alone this is a trend currently under test at the 200-day, not comfortably above it. The Chinese and US EV-maker complex broadly firmed alongside it: LI's RSI rose from 40.2 to 54.7 (30-day change flipping to +7.67% from -3.69%), NIO cleared oversold (RSI 39.2→46.7), XPEV cleared oversold too (RSI 36.4→46.8), and RIVN posted the board's strongest week (+10.34%, RSI 43.5→56.8, just ahead of SQM's +10.18%). All four of LI, NIO, XPEV, and BYDDY remain below their 200-day averages with negative trailing-year returns (LI -44.37%, NIO -16.43%, XPEV -46.42%, BYDDY -17.74%) — this week's bounce is a recovery inside still-damaged longer trends, not a new uptrend.
NXT had the board's worst week by a wide margin: RSI fell from 47.3 to 34.3, price from $101.47 to $86.18, a -14.99% weekly drop that pushed it straight into the oversold band. Despite carrying real multi-year strength (change2y +115.02%, change3y +135.27%), NXT is now 21.1% below its 200-day average — a trend genuinely under test after this week's break, not simply a pullback. TE deteriorated for a second straight scan: RSI eased from 44.5 to 38.0, the week down -13.31%, and the 30-day change worsened again to -26.7% from -23.27%. TE's longer-horizon numbers are enormous (change1y +198.65%, change2y +242.64%) but it's now 31.7% below its 200-day — the same "under test despite a huge multi-year run" pattern as NXT, just more extreme.
SEDG remains the board's most structurally damaged name: RSI ticked up slightly (34.8→35.9) but the 30-day change is still -35.61%, and it sits 27.2% below its 200-day with a trailing year that's essentially flat (+2.05%) — genuinely weak on every window, not a pullback story. BE weakened further (RSI 51.1→42.6, 30-day change -3.94%→-7.68%) despite an enormous multi-year record (change1y +349.36%, change2y +1639.64%) and still sitting 8% above its 200-day — that combination reads as a deep pullback inside an intact trend, distinct from SEDG, NXT, and TE.
On the other side of the board, ALB extended (RSI 62.2→67.8, 30-day change +9.15%→+21.97%) and SQM crossed into overbought (RSI 58.7→72.8, week +10.18%) — both up more than 80% over the trailing year, though ALB still sits 7.6% below its 200-day while SQM is comfortably above (+9.7%). LIT and ENS both held up well, remaining above their 200-day averages with strong trailing-year gains.
What Changed Since Prior Scan (2026-08-14 close → 2026-08-21 close)
- NXT cratered: RSI 47.3→34.3, price $101.47→$86.18, 7D -1.73%→-14.99%, 30D -7.02%→-17.89%.
- TE weakened further: RSI 44.5→38.0, price $5.11→$4.42, 7D -12.65%→-13.31%, 30D -23.27%→-26.7%.
- SEDG held near its lows: RSI 34.8→35.9, price $32.42→$30.83, 30D -40.6%→-35.61% (slight improvement, still the group's worst).
- BE weakened: RSI 51.1→42.6, price $229.94→$201.45, 7D +4.83%→-12.44%, 30D -3.94%→-7.68%.
- SQM crossed into overbought: RSI 58.7→72.8, price $74.32→$81.96, 7D +3.29%→+10.18%, 30D +3.91%→+18.42%.
- ALB extended: RSI 62.2→67.8, price $136.15→$143.25, 30D +9.15%→+21.97%.
- TSLA climbed out of its earlier weakness: RSI 48.7→58.0, price $342.27→$362.86, 7D +4.17%→+6.02%, 30D -13.23%→-2.98%.
- RIVN posted the group's strongest week: RSI 43.5→56.8, price $15.36→$16.97, 7D -4.00%→+10.34%, 30D -13.71%→-1.22%.
- LI cleared toward neutral: RSI 40.2→54.7, 30D -3.69%→+7.67%.
- NIO cleared oversold: RSI 39.2→46.7, 30D -10.14%→-0.86%.
- XPEV cleared oversold: RSI 36.4→46.8, 30D -15.09%→-5.14%.
- LCID worsened, newly oversold: RSI 44.6→38.2, 30D +4.54%→-18.73%.
- FSLR held roughly flat: RSI 49.0→42.9, 30D +0.78%→+2.6%.
- Oversold cohort widened from 3 to 6: SEDG, NIO, XPEV (prior) → LCID, SEDG, TAN, ICLN, TE, NXT (now) — NIO and XPEV cleared while five names newly entered or remained.
How To Read The Board
Golden-cross names (RIVN, BE, ENPH, SEDG, FSLR, LIT, DRIV, TAN, ICLN, NXT, ENS, TE) mean the 50-day average sits above the 200-day — but the cross label is misleading on its own this scan: NXT and TE both carry golden crosses yet are now well below their 200-day averages after this week's break, while SEDG's continued deterioration happens inside a technically golden-crossed structure too. Death-cross names (TSLA, BYDDY, LI, NIO, XPEV, LCID, PLUG, ALB, SQM, KARS) include several genuinely weak long-term structures (LI, NIO, XPEV, all below their 200-day with deeply negative trailing-year returns) alongside names that are actually fine on the long horizon despite the death-cross label (SQM +81.13% 1-year, 9.7% above its 200-day; ALB +81.47% 1-year though still 7.6% below its 200-day). The single most reliable split this scan is 200-day distance plus trailing-year return, not the cross label: RIVN, BE, SQM, LIT, ENS, and DRIV sit above their 200-day with positive multi-year records (deep-pullback framing where applicable); TSLA, SEDG, NXT, TE, FSLR, ENPH, PLUG, LI, NIO, XPEV, BYDDY, LCID, ALB, KARS, TAN, and ICLN sit below theirs, with the trend genuinely under test even where the multi-year record is strong.
Price Table
| Stock | Price | RSI | SMA20 | vs SMA | 7D% | 30D% | Signal |
|---|---|---|---|---|---|---|---|
| SQM | $81.96 | 72.8 | $71.85 | +14.1% | +10.18% | +18.42% | 🟠 Overbought |
| ALB | $143.25 | 67.8 | $126.37 | +13.4% | +5.25% | +21.97% | 🟡 Neutral |
| LIT | $76.61 | 60.9 | $72.57 | +5.6% | +1.74% | +11.03% | 🟡 Neutral |
| TSLA | $362.86 | 58.0 | $328.14 | +10.6% | +6.02% | -2.98% | 🟡 Neutral |
| BYDDY | $11.78 | 58.8 | $11.59 | +1.6% | +4.62% | +5.75% | 🟡 Neutral |
| RIVN | $16.97 | 56.8 | $15.89 | +6.8% | +10.34% | -1.22% | 🟡 Neutral |
| KARS | $31.10 | 54.8 | $30.33 | +2.6% | +0.19% | +4.93% | 🟡 Neutral |
| LI | $13.05 | 54.7 | $12.85 | +1.6% | +6.35% | +7.67% | 🟡 Neutral |
| PLUG | $2.27 | 51.0 | $2.15 | +5.4% | -2.15% | +1.79% | 🟡 Neutral |
| XPEV | $12.19 | 46.8 | $12.19 | 0.0% | +4.36% | -5.14% | 🟡 Neutral |
| NIO | $4.63 | 46.7 | $4.66 | -0.7% | +2.66% | -0.86% | 🟡 Neutral |
| DRIV | $34.92 | 47.6 | $34.66 | +0.7% | -3.27% | -0.31% | 🟡 Neutral |
| ENS | $189.76 | 44.6 | $190.46 | -0.4% | -6.72% | -5.74% | 🟡 Neutral |
| ENPH | $38.61 | 44.6 | $39.19 | -1.5% | -4.71% | -2.45% | 🟡 Neutral |
| FSLR | $214.28 | 42.9 | $223.85 | -4.3% | -5.02% | +2.60% | 🟡 Neutral |
| BE | $201.45 | 42.6 | $211.88 | -4.9% | -12.44% | -7.68% | 🟡 Neutral |
| ICLN | $17.59 | 39.4 | $17.91 | -1.8% | -3.30% | -5.12% | 🟢 Oversold |
| TAN | $49.32 | 39.0 | $50.95 | -3.2% | -5.15% | -8.19% | 🟢 Oversold |
| LCID | $5.51 | 38.2 | $6.78 | -18.7% | -11.70% | -18.73% | 🟢 Oversold |
| TE | $4.42 | 38.0 | $4.84 | -8.8% | -13.31% | -26.7% | 🟢 Oversold |
| SEDG | $30.83 | 35.9 | $35.72 | -13.7% | -4.70% | -35.61% | 🟢 Oversold |
| NXT | $86.18 | 34.3 | $97.15 | -11.3% | -14.99% | -17.89% | 🟢 Oversold |
Tier Analysis
Capitulation (RSI<25): None.
Oversold (25-40): NXT (34.3), SEDG (35.9), TE (38.0), LCID (38.2), TAN (39.0), ICLN (39.4) — six names, up from three (SEDG, NIO, XPEV) last scan, with NIO and XPEV both clearing out this scan.
Neutral/Strong (40+): The rest of the board, spanning BE (42.6) to ALB (67.8).
Overbought: SQM (72.8) — the board's only extended print.
Entry Zones
| Stock | Price | RSI | 30D% | Setup |
|---|---|---|---|---|
| NXT | $86.18 | 34.3 | -17.89% | Board's worst week (-14.99%); dropped 21.1% below its 200-day despite a strong multi-year record |
| TE | $4.42 | 38.0 | -26.7% | Deteriorating for a second straight scan, now 31.7% below its 200-day |
| SEDG | $30.83 | 35.9 | -35.61% | Still the board's weakest structure across every window |
| SQM | $81.96 | 72.8 | +18.42% | Crossed into overbought on the group's strongest week |
| TSLA | $362.86 | 58.0 | -2.98% | Recovering, but still 10% below its 200-day |
| LCID | $5.51 | 38.2 | -18.73% | Newly oversold, deeply negative on every horizon (1-year -73.64%) |
Action Matrix
| Action | Stocks | Why |
|---|---|---|
| ⚠️ AVOID | SQM | Board's only overbought print after the group's strongest week |
| 🔍 WATCH | NXT, TE | Both cratered this week and are now well below their 200-day despite strong multi-year records — under test, not pullbacks |
| ❌ DON'T BUY | SEDG | Still deteriorating across every window, the board's weakest structure |
| ⚠️ AVOID | LCID | Newly oversold with the board's worst long-horizon numbers (1-year -73.64%, 3-year -91.2%) |
| 🔍 WATCH | TSLA, LI, NIO, XPEV, BYDDY | All recovering this week but still below their 200-day averages on the longer horizon |
| 🔒 HOLD | BE, RIVN, LIT, ENS, DRIV | Sit above their 200-day with strong multi-year records; this week's moves read as pullback or extension inside intact trends |
| 🔍 WATCH | ALB, KARS | Both sit modestly below their 200-day; ALB's multi-year record (+81.47% 1-year) argues for a pullback read, KARS's is thinner |
What To Watch Next
| Watch | Why it matters |
|---|---|
| NXT's next print | Board's worst week; watch whether it stabilizes at the new oversold level or keeps sliding |
| TE's 200-day level | Deteriorating for a second straight scan despite an enormous multi-year record — the trend is under real test now |
| SEDG's follow-through | Weakest structure on the board for a fourth straight scan |
| Whether the EV-maker complex's bounce (TSLA, LI, NIO, XPEV, RIVN) holds | All recovered sharply this week but remain below their 200-day averages |
| SQM's RSI | Crossed into overbought on the group's strongest week; confirm whether it extends or cools |
Sources
- Tape data (price/RSI/SMA/returns/long-horizon): full-scan pre-computed summaries as of the 2026-08-21 close — ev-clean-energy.
Related
10 eventsNo direct external sources are attached to this read.