Tesla has been in a steep downtrend — a decline that began in mid-December. The stock finally had a strong up day on March 12 after announcing a partnership of sorts with Baidu in China. Is the bottom in for Tesla stock?

The relative strength index (RSI) of Tesla stock has dropped below 30 for the first time in a year — indicating oversold conditions.

Shares of the electric-vehicle maker have rallied over the last couple of days, but the stock has been in a mostly downward spiral since hitting a record high in mid-December. Most of that damage has come since President Trump’s inauguration on Jan.