Milan: bullish cue from Stellantis
(Teleborsa) - A lively session for the international automobile company, which makes a big leap forward gaining +2.44%.The analysis of Stellantis's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE MIB.
The technical picture is visibly deteriorating, with support in the 12.25 Euros area. On the upside, the main exit level is seen at 12.55. Stellantis's decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 12.06.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Teleborsa) 11-28-2024 12:30 PM