Milan: Stellantis in turmoil
(Teleborsa) - A day to forget for the international automobile company as it records a strong decline of -7.26% on previous levels.The weekly analysis of the security and the FTSE MIB shows Stellantis losing relative strength against the index.
According to the short-term technicals, Stellantis will continue its positive development to test the resistance area of 11.89 Euros. There is the possibility of a decline to the 11.39 low. Overall, we expect the stock to breakout and test new resistance at 12.38.
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) 12-02-2024 09:35 AM