Milan: positive day for Stmicroelectronics
(Teleborsa) - Stmicroelectronics achieves a significant increase, gaining +2.76% on previous levels.In the weekly comparison, Stmicroelectronics's trend is more pronounced than the FTSE MIB trend line, revealing a greater performance when compared to the index.
Stmicroelectronics's medium-term situation remains bearish. However, looking at the short-term chart it would be fair to dismiss the possibility that the downtrend will continue for long. An upswing is thus expected, with first resistance at 25.47. Support is at the 25.04 level. Further bullish cues would suggest a new target price in the 25.89 region.
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) 11-11-2024 12:30 PM