Milan: Stmicroelectronics trades in negative territory

(Teleborsa) - Stmicroelectronics is bearish as it trades -3.77% down.

In the last week Stmicroelectronics underperformed the FTSE MIB index, therefore showing a lower performance than the benchmark.

Stmicroelectronics's medium-term technicals confirm its negative trend line. Yet, in the short-term view the downturn looks less marked, and we could see a reversal towards the 25.66 resistance level. On bullish cues the stock could reach the target high of 26.44, while first support is seen at 24.88.

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) 20-09-2024 12:30