Milan: Stellantis plummets to 11.91 Euros
(Teleborsa) - A day to forget for the international automobile company as it records a strong decline of -5.56% on previous levels.In the last week Stellantis underperformed the FTSE MIB index, therefore showing a lower performance than the benchmark.
The short-term technical picture for Stellantis shows an acceleration of the uptrend towards a target of 12.43 Euros. A possible decline to 11.91 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 12.95 level.
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) 11-26-2024 09:35 AM