Milan: Stellantis rallies
(Teleborsa) - Definitely a good session for the international automobile company as it trades +4.96% higher.The weekly view shows the share's trend line moving parallel to the FTSE MIB benchmark index, which confirms that Stellantis's movements are determined by its reference market rather than by any events linked to the share itself.
The technical picture for Stellantis suggests that the bearish trend is to continue towards a test of the 12.37 Euros floor, while the 13 area represents the current price ceiling. The outlook is for an extension of the downtrend to test new lows identified at the 11.96 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) 01-06-2025 12:30 PM