Milan: Stmicroelectronics slips
(Teleborsa) - Stmicroelectronics is bearish as it trades -3% down.Looking at the weekly scenario, Stmicroelectronics lagged the benchmark index's gains, showing a lower performance than the FTSE MIB average.
The technical picture of Stmicroelectronics signals an extended downtrend towards support seen at 25.95 Euros, while on the upside resistance can be identified in the 26.19 area. The outlook is for Stmicroelectronics to pull back further still towards a target of 25.84.
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) 08-08-2024 09:35 AM