Milan: Stellantis in the red
(Teleborsa) - The International automobile company slides steadily, trading -2.94% down on previous levels.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.
Current technicals show that Stellantis is stagnating and could test support at the 11.91 Euros level. On the upside, bullish cues could push prices up to test 12.25. Technically, we expect a continuation of the downtrend towards a new support area in the 11.78 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) 10-30-2024 12:30 PM