Milan: major selling for Stellantis
(Teleborsa) - The International automobile company slides steadily, trading -2.7% down on previous levels.Looking at the weekly scenario, Stellantis lagged the benchmark index's gains, showing a lower performance than the FTSE MIB average.
Analysis of the technicals reveals that Stellantis is headed further south to test support at 11.77 Euros. First resistance is at 12.05. Expect the downtrend to extend towards new lows around 11.67.
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) 11-27-2024 12:30 PM