Milan: bullish cue from Stellantis
(Teleborsa) - The International automobile company is doing well with an increase of of 2.32%.Stellantis's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.
New technical evidence points to a decline of Stellantis's stock price, which could hit the most immediate support seen at the 11.85 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 12.11 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 11.69.
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) 12-03-2024 12:30 PM