EV / Clean Energy Scan — August 22, 2026 Close

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EV / Clean Energy Scan — August 22, 2026 Close

raw scan snapshot — prices as of scan date, not live 42 rows · screens, not recommendations prior scanresearch/scans/2026-08-14-ev-clean-energy.md

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.
10 events

No direct external sources are attached to this read.