Milan: Stmicroelectronics shines
(Teleborsa) - Marked growth for Stmicroelectronics as it records a +2.06% improvement on previous levels.The analysis of Stmicroelectronics's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE MIB.
The technical assumptions for Stmicroelectronics'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 38.49. The most immediate resistance is estimated at 39.07. Expect an intermediate corrective phase which brings prices back into line, with a target of 39.65 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) 07-05-2024 09:35 AM