Milan: Stmicroelectronics slips
(Teleborsa) - Stmicroelectronics is -2.72% down on previous levels after a steady fall.In the weekly comparison, Stmicroelectronics's trend is more pronounced than the FTSE MIB trend line, revealing a greater performance when compared to the index.
Stmicroelectronics's medium-term scenario corroborates its negative trend. However, an analysis of the short-term chart gives a first indication that the bears are on the way out, with the share price rising towards first resistance in the 25.29 area. Support is at 24.62. Further positive moves would support the case for a new high in the 25.96 area.
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) 11-13-2024 12:30 PM