Milan: Stmicroelectronics moves up
(Teleborsa) - Marked growth for Stmicroelectronics as it records a +2% improvement on previous levels.In the last week Stmicroelectronics underperformed the FTSE MIB index, therefore showing a lower performance than the benchmark.
The technical picture for Stmicroelectronics suggests that the bearish trend is to continue towards a test of the 27.88 Euros floor, while the 28.55 area represents the current price ceiling. The outlook is for an extension of the downtrend to test new lows identified at the 27.45 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) 29-08-2024 09:35