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Milan: Stmicroelectronics slips
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In the last week Stmicroelectronics underperformed the FTSE MIB index, therefore showing a lower performance than the benchmark.
The technical scenario for Stmicroelectronics shows a continuation of the downtrend to test support at 36.75 Euros, with a resistance area at 37.46. The bearish pattern suggests that new lows will probably be tested in the 36.5 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) 07-23-2024 09:35 AM