US Technical Analysis Report

Market Rally Accelerates: TSLA and ERO in Focus

May 08, 2026

| Read Time :10 Mins

TSLA:NASDAQ
Investment Type

Large-cap
Risk Level
Action
Rec. Price (US$)

ERO:NYSE
Investment Type

Mid - Cap
Risk Level
Action
Rec. Price (US$)

Company Overview: Tesla, Inc (NASDAQ: TSLA) is a vertically integrated clean energy and electric vehicle company engaged in the design, development, manufacturing, and sale of fully electric vehicles and energy solutions. Ero Copper Corp. (NYSE: ERO) engages in the exploration, development, and production of mining projects in Brazil.

This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendations on these two stocks.

US Markets Round-Up

This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations started on a positive note and continue the momentum. The index made a high 4190.36 of during the week and settled at 4161.68 with a week-to-date (WTD) gain of ~1.37 percent on May 7, 2026. Other major indices, such as S&P 500 and NASDAQ Composite, witnessed upside movement for the week. On May 7, 2026, the S&P 500 index settled at ~7337.10 with a WTD gain of ~1.48 percent, while the NASDAQ Composite Index settled at 25806.20 with a WTD loss of ~2.75 percent.

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