Milan: Stellantis negative
(Teleborsa) - Negative trading results for the international automobile company as it declines -3.14%.In the last week Stellantis underperformed the FTSE MIB index, therefore showing a lower performance than the benchmark.
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 13.44. The most immediate resistance is estimated at 13.65. Expect an intermediate corrective phase which brings prices back into line, with a target of 13.87 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) 20-09-2024 09:35