Milan: negative performance for Stmicroelectronics
(Teleborsa) - A negative day for Stmicroelectronics as it sheds -2.74%.In the last week Stmicroelectronics underperformed the FTSE MIB index, therefore showing a lower performance than the benchmark.
While the medium-term picture confirms Stmicroelectronics's negative trend, the short term reveals the possibility of a timid upswing to first resistance in the 24.68 area. First support is identified at 24.3. Further positive cues could signal an upward movement with a target of 25.06.
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) 11-15-2024 09:35 AM