Milan: Stellantis moves up
(Teleborsa) - A positive session for the international automobile company as it progresses +2.38%In the weekly comparison, Stellantis's trend is more pronounced than the FTSE MIB trend line, revealing a greater performance when compared to the index.
The technical assumptions for Stellantis's medium-term performance are still downbeat. Yet, positive signs do emerge from the short-term view, with the fastest indicators showing a decrease in downward momentum. At this point, a slowing of the downturn is possible as prices approach 18.77. The most immediate resistance is estimated at 19.32. Expect an intermediate corrective phase which brings prices back into line, with a target of 19.87 in the near future.
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) 07-18-2024 12:30 PM