![Teleborsa News](/notizie/teleborsa/logo-teleborsa.jpg)
Milan: Stellantis suffers substantial losses
![News Image](/media/img/news/teleborsa/TLBEN_fin_43b6e69217344d4b87548c244fe2f3d4.jpg)
In the last week Stellantis underperformed the FTSE MIB index, therefore showing a lower performance than the benchmark.
The technical picture is visibly deteriorating, with support in the 16.12 Euros area. On the upside, the main exit level is seen at 17.02. Stellantis's decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 15.59.
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) 07-25-2024 09:35 AM