Milan: Stellantis negative

(Teleborsa) - The International automobile company is bearish as it trades -2.26% down.

Looking at the weekly scenario, Stellantis lagged the benchmark index's gains, showing a lower performance than the FTSE MIB average.

While the medium-term picture confirms Stellantis's negative trend, the short term reveals the possibility of a timid upswing to first resistance in the 15.02 area. First support is identified at 14.66. Further positive cues could signal an upward movement with a target of 15.39.

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) 02-09-2024 09:35